Zacks Investment Research upgraded shares of Tecogen Inc. (NASDAQ:TGEN) from a sell rating to a hold rating in a report published on Thursday.

According to Zacks, “Tecogen Inc. designs, manufactures, sells, and services systems that produce electricity, hot water, and air conditioning for commercial installations and buildings and industrial processes. The Company’s ultra-efficient products include cogeneration modules, which provide electricity and heat, and chillers, which provide air-conditioning and optional free hot water. Its products supply electrical power or mechanical power for cooling, as well as free engine heat that gets recovered and purposefully used at customer facilities. Tecogen Inc. is based in United States. “

Separately, Rodman & Renshaw started coverage on shares of Tecogen in a report on Tuesday, October 4th. They set a buy rating and a $6.00 price target on the stock.

Tecogen (NASDAQ:TGEN) remained flat at $4.00 during midday trading on Thursday. The company’s stock had a trading volume of 25 shares. Tecogen has a 12 month low of $2.80 and a 12 month high of $6.50. The company’s 50 day moving average is $4.01 and its 200 day moving average is $4.44. The stock’s market cap is $79.80 million.

Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. Tecogen had a negative net margin of 8.77% and a negative return on equity of 15.35%. The business had revenue of $6.62 million for the quarter, compared to analyst estimates of $4.68 million. On average, analysts forecast that Tecogen will post ($0.06) earnings per share for the current fiscal year.

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In related news, Director Charlest Maxwell acquired 25,000 shares of the stock in a transaction that occurred on Friday, January 6th. The shares were purchased at an average cost of $4.00 per share, with a total value of $100,000.00. Following the completion of the transaction, the director now owns 129,769 shares of the company’s stock, valued at approximately $519,076. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.10% of the company’s stock.

About Tecogen

Tecogen Inc designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas.

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