Key Points
- Director Joan Conley sold 50,000 shares of Tigo Energy stock on June 10 at an average price of $3.10, totaling $155,000. After the sale, she still owned 227,902 shares, and the transaction reduced her position by about 18%.
- Tigo Energy shares opened at $2.87 on Friday, giving the company a market cap of about $217.9 million. The stock has traded between $1.13 and $5.33 over the past year.
- The company recently reported quarterly EPS of ($0.02), matching estimates, while revenue came in slightly below expectations at $25.2 million. Wall Street’s consensus rating on TYGO remains Hold, with a consensus target price of $6.47.
Tigo Energy, Inc. (NASDAQ:TYGO - Get Free Report) Director Joan Conley sold 50,000 shares of the business's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $3.10, for a total transaction of $155,000.00. Following the completion of the sale, the director directly owned 227,902 shares of the company's stock, valued at approximately $706,496.20. The trade was a 17.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Tigo Energy Stock Performance
Shares of NASDAQ TYGO opened at $2.87 on Friday. The firm has a market cap of $217.86 million, a PE ratio of 71.77 and a beta of 1.23. The firm has a fifty day moving average of $4.01 and a 200 day moving average of $3.21. Tigo Energy, Inc. has a one year low of $1.13 and a one year high of $5.33.
Tigo Energy (NASDAQ:TYGO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $25.20 million during the quarter, compared to analyst estimates of $25.76 million. Tigo Energy had a net margin of 3.07% and a negative return on equity of 41.48%. On average, equities analysts predict that Tigo Energy, Inc. will post 0.04 EPS for the current fiscal year.
Institutional Investors Weigh In On Tigo Energy
Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new stake in shares of Tigo Energy in the third quarter valued at about $31,000. Scientech Research LLC acquired a new stake in shares of Tigo Energy in the third quarter valued at about $33,000. Virtu Financial LLC acquired a new stake in shares of Tigo Energy in the third quarter valued at about $34,000. Potomac Capital Management Inc. purchased a new stake in shares of Tigo Energy in the fourth quarter valued at about $38,000. Finally, Centiva Capital LP purchased a new stake in shares of Tigo Energy in the third quarter valued at about $59,000. 15.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on TYGO shares. Weiss Ratings upgraded shares of Tigo Energy from a "sell (e+)" rating to a "sell (d+)" rating in a research report on Monday, May 18th. Wall Street Zen cut shares of Tigo Energy from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Roth Mkm reiterated a "buy" rating and issued a $7.00 target price on shares of Tigo Energy in a research report on Wednesday, May 6th. Finally, Northland Securities set a $6.40 target price on shares of Tigo Energy in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tigo Energy currently has a consensus rating of "Hold" and a consensus target price of $6.47.
View Our Latest Stock Analysis on TYGO
Tigo Energy Company Profile
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Get Free Report)
Tigo Energy, Inc (NASDAQ: TYGO) is a U.S.-based provider of module-level power electronics (MLPE) solutions designed to optimize the performance and safety of solar photovoltaic systems. Founded in 2007 and headquartered in Campbell, California, Tigo Energy develops hardware and software tools that enhance energy yield, improve system reliability, and streamline compliance with electrical codes. The company's technology platform is used by solar installers, project developers, and module manufacturers to deliver higher returns on investment and bolster the safety profile of PV arrays.
At the core of Tigo's offerings is its TS4 platform, a modular MLPE solution that enables real-time monitoring, rapid shutdown functionality, and maximum power point tracking at the panel level.
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