Roth upgrades Tigo Energy to Buy on return to growth

Roth Capital analyst Philip Shen last night upgraded Tigo Energy (TYGO) to Buy from Neutral with a price target of $3, up from 90c. The firm sees additional upside following the 20% post-earnings rally. Tigo reported positive EBITDA in Q2 and expects it remain positive through Q3 and beyond, the analyst tells investors in a research note. Roth believes the company is finding success in Europe. Tigo “appears to be turning the tide and back on the path of growth and profitability,” the firm contends.