Tecogen Inc. (TGEN) PT Set at $6.00 by HC Wainwright
Tecogen Inc. (NASDAQ:TGEN) has been assigned a $6.00 target price by equities researchers at HC Wainwright in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the construction company’s stock. HC Wainwright’s price objective points to a potential upside of 81.82% from the company’s current price.
Several other equities research analysts also recently commented on TGEN. Maxim Group set a $6.00 price objective on Tecogen and gave the company a “buy” rating in a report on Monday. Zacks Investment Research downgraded Tecogen from a “buy” rating to a “hold” rating in a report on Friday, July 21st. TheStreet raised Tecogen from a “d” rating to a “c-” rating in a report on Friday, April 21st. Finally, Jefferies Group LLC increased their price objective on Tecogen from $33.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, June 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Tecogen currently has an average rating of “Buy” and an average price target of $12.35.
Tecogen (NASDAQ TGEN) opened at 3.30 on Tuesday. The company’s market cap is $66.14 million. The stock has a 50 day moving average of $3.32 and a 200-day moving average of $3.62. Tecogen has a 52-week low of $3.04 and a 52-week high of $5.03.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings data on Monday, August 14th. The construction company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $7.59 million during the quarter, compared to the consensus estimate of $7.46 million. Tecogen had a negative return on equity of 1.15% and a negative net margin of 0.60%. On average, analysts forecast that Tecogen will post ($0.01) EPS for the current year.
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A number of large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL increased its stake in shares of Tecogen by 61.3% in the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock valued at $226,000 after buying an additional 25,760 shares in the last quarter. Vanguard Group Inc. acquired a new stake in shares of Tecogen during the second quarter valued at about $1,174,000. Bard Associates Inc. increased its stake in shares of Tecogen by 0.7% in the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock valued at $1,930,000 after buying an additional 4,200 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its stake in shares of Tecogen by 2.3% in the second quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock valued at $2,195,000 after buying an additional 14,959 shares in the last quarter. 8.42% of the stock is owned by institutional investors and hedge funds.
Tecogen Company Profile
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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