Hillsdale Investment Management Inc. Acquires Shares of 177,100 Tigo Energy, Inc. $TYGO

Hillsdale Investment Management Inc. bought a new position in shares of Tigo Energy, Inc. (NASDAQ:TYGO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 177,100 shares of the company’s stock, valued at approximately $443,000. Hillsdale Investment Management Inc. owned approximately 0.25% of Tigo Energy as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYGO. Vanguard Group Inc. grew its position in Tigo Energy by 182.4% during the third quarter. Vanguard Group Inc. now owns 922,226 shares of the company’s stock worth $2,306,000 after buying an additional 595,702 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Tigo Energy during the 3rd quarter worth $63,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Tigo Energy in the third quarter worth $31,000. 15.72% of the stock is currently owned by institutional investors and hedge funds.

Tigo Energy Stock Up 5.7%

TYGO stock opened at $3.54 on Wednesday. Tigo Energy, Inc. has a 52 week low of $0.58 and a 52 week high of $4.50. The business has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.15. The company has a market cap of $249.05 million, a PE ratio of -5.45 and a beta of 1.22.

Tigo Energy (NASDAQ:TYGO) last released its earnings results on Tuesday, February 24th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.20. Tigo Energy had a negative net margin of 44.50% and a negative return on equity of 623.75%. The firm had revenue of $30.03 million for the quarter, compared to analyst estimates of $30.02 million. On average, analysts anticipate that Tigo Energy, Inc. will post -0.43 EPS for the current fiscal year.

About Tigo Energy

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.