Roth Capital analyst Philip Shen last night upgraded Tigo Energy (TYGO) to Buy from Neutral with a price target of $3, up from 90c. The firm sees additional upside following the 20% post-earnings rally. Tigo reported positive EBITDA in Q2 and expects it remain positive through Q3 and beyond, the analyst tells investors in a research note. Roth believes the company is finding success in Europe. Tigo “appears to be turning the tide and back on the path of growth and profitability,” the firm contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TYGO: