Tigo Energy (TYGO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on the stock and has a $3.00 price target.
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Amit Dayal has given his Buy rating due to a combination of factors including Tigo Energy’s improving financial performance and strategic market positioning. The company reported a 9% sequential increase in revenues for the first quarter of 2025, reaching $18.8 million, which was near the higher end of their guided range. Additionally, Tigo Energy’s gross profit margin improved significantly from 28.2% in 1Q24 to 38.1% in 1Q25, indicating better operational efficiency.
Dayal also noted the company’s confidence in managing tariff impacts due to its limited revenue exposure to the U.S. and substantial inventory of batteries. The geographic diversity of Tigo Energy’s revenue base, spanning EMEA, APAC, South America, and the U.S., further supports a stable outlook. The company’s projections for revenue growth and gross margins align with its strategic goals, and Dayal’s price target of $3.00 reflects a conservative approach considering potential execution risks.
Dayal covers the Industrials sector, focusing on stocks such as Plug Power, Joby Aviation, and Ceco Environmental. According to TipRanks, Dayal has an average return of -23.1% and a 25.00% success rate on recommended stocks.
In another report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $4.50 price target.
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