Geode Capital Management LLC Has $399,000 Stake in Tigo Energy, Inc. (NASDAQ:TYGO)

Geode Capital Management LLC raised its stake in Tigo Energy, Inc. (NASDAQ:TYGO) by 166.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,893 shares of the company’s stock after purchasing an additional 146,634 shares during the quarter. Geode Capital Management LLC’s holdings in Tigo Energy were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Tigo Energy Stock Performance

TYGO stock opened at $0.94 on Monday. The business has a 50 day moving average of $0.96 and a 200-day moving average of $1.24. The firm has a market cap of $57.04 million, a PE ratio of -1.10 and a beta of 0.76. Tigo Energy, Inc. has a 12-month low of $0.77 and a 12-month high of $2.12. The company has a quick ratio of 1.60, a current ratio of 3.96 and a debt-to-equity ratio of 1.14.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Wednesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). Tigo Energy had a negative net margin of 110.29% and a negative return on equity of 103.85%. The company had revenue of $14.24 million during the quarter, compared to analysts’ expectations of $13.92 million. During the same quarter in the previous year, the firm earned ($0.89) earnings per share. As a group, sell-side analysts expect that Tigo Energy, Inc. will post -0.78 earnings per share for the current year.

Tigo Energy Company Profile

Tigo Energy, Inc provides solar and energy storage solutions for the solar industry. It offers module level power electronics (MLPEs) to maximize the energy output of individual solar modules. The company also provides GO Energy Storage Systems that provide solar energy storage management capabilities; and Energy Intelligence (EI) platform, which provides monitoring and energy demand forecasting capabilities.