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Stock impact report

Why Wall Street Is Eyeing Tigo Energy, Inc. (TYGO) for Big Gains [Yahoo! Finance]

Tigo Energy, Inc. (TYGO) 
Company Research Source: Yahoo! Finance
Tigo Energy, Inc. (NASDAQ: TYGO is among the 6 Cheap Solar Stocks to Buy Now Why Wall Street Is Eyeing Tigo Energy, Inc. (TYGO) for Big Gains On March 2, Philip Shen from Roth MKM maintained a Buy rating on Tigo Energy, Inc. (NASDAQ:TYGO), while setting a price target of $5. Even with the lowest 1-year price target among analysts, the firm's estimate reflects an upside potential of 53.33%. Previously, on February 25, Gus Richard, an analyst at Northland, lifted the price target on Tigo Energy, Inc. (NASDAQ:TYGO) to $5.50 from $5 and reiterated an Outperform rating. According to TheFly, the firm has elevated its revenue, GAAP EPS, and EBITDA estimates following the company's Q4 results, matching the consensus forecasts. This excludes the IP offload in the quarter, with the company paying off $50 million in convertible debt due in Q3 from cash. On the same day, TheFly reported that the company's fourth-quarter revenue of $30 million was in line with the consensus forecast of $3 Show less Read more
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