Tigo Energy shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, HC Wainwright & Co lowered its price target on the stock from $5 to $3.
Portfolio Pulse from Benzinga Newsdesk
Tigo Energy shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, HC Wainwright & Co lowered its price target on the stock from $5 to $3.
August 07, 2024 | 4:52 pm
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NEGATIVE IMPACT
Tigo Energy shares are trading lower due to worse-than-expected Q2 financial results and a price target cut from $5 to $3 by HC Wainwright & Co.
The combination of disappointing Q2 financial results and a significant price target reduction by a reputable analyst firm is likely to negatively impact investor sentiment and drive the stock price lower in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100