Why Tigo Energy Stock Was Surging This Week
Tigo Energy (NASDAQ: TYGO) stock got a boost in recent days with not one but two very positive new analyst takes on the specialty solar energy solutions company. This pushed the company's shares almost 14% higher for the week as of early-morning trading on Friday, according to data compiled by S&P Global Market Intelligence.
The duo, Roth/MKM's Philip Shen and Craig-Hallum's Eric Stine, separately initiated coverage on Tigo stock on Tuesday. Of the two, Stine is more bullish, ranking the shares as a buy at a price target of $28 per share. This implies significant upside on the current share price of more than 52%.
The prognosticator did not hold back in his enthusiasm over the niche solar energy company's prospects. He described Tigo as an "undiscovered gem" in a worldwide solar market that is currently enjoying a burst of expansion.
Source Fool.com
