NasdaqCM:TYGOElectrical
Tigo Energy (TYGO) Stock Price Faces Guidance Cut And Thin Margins
Tigo Energy entered this earnings season with a bullish reputation for fast growth, improving profitability and a low P/E multiple. The stock closed at US$2.04 before the release. After the numbers hit, it dropped about 37% to US$1.29. That kind of one day reset suggests investors were banking on a cleaner growth story than what Q2 actually delivered.
The headline is simple. Revenue held near US$25.4m and adjusted earnings before interest, tax, depreciation and amortization slipped to roughly...