Tigo Energy price target raised to $5.50 from $5 at Northland

Northland analyst Gus Richard raised the firm’s price target on Tigo Energy (TYGO) to $5.50 from $5 and keeps an Outperform rating on the shares. The firm is increasing its revenue, GAAP EPS and EBITDA estimates after Tigo reported in-line with consensus, excluding the sale of IP in the quarter, and the company paid off its $50M convert due in Q3 with cash on hand.