5 Most Promising Solar Stocks According to Analysts

3. Tigo Energy, Inc. (NASDAQ:TYGO)

Average Analyst Price Target Upside: 217.55%

Average Analyst Price Target: $5.97

Tigo Energy, Inc. (NASDAQ:TYGO) is a California-based company that is involved in designing, developing, and manufacturing solar power conversion and storage products, software, and related technologies.

In the third quarter, 3 hedge funds held a stake in Tigo Energy, Inc. (NASDAQ:TYGO)’s stock at a combined stake value of $60.709 million, according to Insider Monkey’s database.

In the third quarter, Tigo Energy, Inc. (NASDAQ:TYGO) posted its third-quarter earnings result with a GAAP EPS of -$0.27, and the revenue of the quarter was $17.1 million. The expectation for Q4 revenues is between $15 million and $20 million.

Of the 3 Wall Street analysts that covered Tigo Energy, Inc. (NASDAQ:TYGO) over the last three months, 2 kept a Buy rating on the stock. As of the December 20 market close, the average price target of $5.97 represented an upside of 217.55%.