5 Cheap Clean Energy Stocks To Buy According to Wall Street Analysts

1. Tigo Energy, Inc. (NASDAQ:TYGO)

P/E Ratio as of March 11: 8.25

Average Upside Potential as of March 11: 227.08%

Number of Hedge Fund Holders: 4

Tigo Energy (NYSE:TYGO) tops our list of cheap clean energy stocks to buy now according to Wall Street analysts. The clean energy company designs innovative solar power storage and conversion products. Its offerings further include smart solar, module-level monitoring, PV solutions, and Flex MLPE. At the end of Q4 2023, Tigo Energy (NYSE:TYGO) was a part of 4 hedge funds’ portfolios, holding collective stakes worth over $17.75 million in the company.

Based on consensus of 4 Wall Street analysts as of March 11, Tigo Energy (NYSE:TYGO) has a Buy rating and an average price target of $3.93. The average price target represents a change of 227.08% from its current price of $1.2.

This February, HC Wainwright analyst Amit Dayal initiated coverage of Tigo Energy (NYSE:TYGO) with a Buy rating and a price target of $5. The company is valued at $70.48 million and has a P/E ratio of 8.25, as of March 11.

You can also look at 13 Best Renewable Energy Stocks To Buy According to Hedge Funds and 10 Small-Cap Energy Stocks with Strong Returns.