Vertex Pharmaceuticals stock falls after pain drug fails in Phase 2 study
Investing.com - H.C. Wainwright raised its price target on Tigo Energy (NASDAQ:TYGO) to $6.00 from $3.00 on Wednesday, while maintaining a Buy rating on the stock following stronger-than-expected second-quarter results and 2025 outlook. According to InvestingPro data, the stock currently trades at a Price/Book multiple of 20.2x, with analyst targets ranging from $0.90 to $4.50.
The research firm highlighted that approximately 80% of Tigo’s revenues come from outside the United States, insulating the company from recent U.S. solar deployment incentive changes and tariff-related headwinds that have affected other solar companies more significantly. InvestingPro analysis shows the company operates with moderate debt levels, maintaining a debt-to-capital ratio of 0.37.
Tigo management projects 2025 revenue of $100-105 million, representing approximately 94% year-over-year growth. H.C. Wainwright now expects the company to report $4.6 million in adjusted EBITDA profit for 2025, compared to its previous forecast of a $4.1 million loss.
The firm attributes the business improvements to market share gains and Tigo’s ability to maintain margins at low-40% levels. Near-term costs are expected to remain stable, allowing for operating leverage as revenues scale.
H.C. Wainwright also noted that Tigo’s $28 million cash position should alleviate dilution concerns, describing the company as a "relatively unique small cap solar play" that remains undervalued relative to its improving fundamentals, lower U.S. market risk, and solid balance sheet.
In other recent news, Tigo Energy reported substantial financial results for the second quarter of 2025. The company’s revenue surged by 89.4% compared to the previous year, reaching $24.1 million. Additionally, Tigo Energy’s gross profit saw a notable rise, amounting to $10.8 million. These figures indicate strong performance, drawing attention from investors. The earnings announcement was followed by a rise in Tigo Energy’s stock price during aftermarket trading. However, details on analyst upgrades or downgrades were not provided in the recent updates. The company’s financial achievements have been a focal point for stakeholders, emphasizing its growth trajectory. These developments are part of Tigo Energy’s ongoing progress in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.