Tecogen Inc. (NASDAQ:TGEN) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 76,600 shares, an increase of 9.3% from the June 30th total of 70,100 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is currently 16.7 days.

TGEN has been the subject of a number of analyst reports. TheStreet cut Tecogen from a “c-” rating to a “d+” rating in a report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of Tecogen in a report on Wednesday, May 15th. Zacks Investment Research raised Tecogen from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, ValuEngine cut Tecogen from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $5.17.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGEN. THB Asset Management raised its holdings in shares of Tecogen by 15.2% during the first quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock valued at $1,492,000 after acquiring an additional 49,488 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tecogen by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock valued at $198,000 after acquiring an additional 3,700 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Tecogen by 3.2% during the second quarter. Vanguard Group Inc. now owns 437,659 shares of the construction company’s stock valued at $1,642,000 after acquiring an additional 13,440 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Tecogen by 14.1% during the second quarter. BlackRock Inc. now owns 58,371 shares of the construction company’s stock valued at $219,000 after acquiring an additional 7,222 shares during the last quarter. 15.99% of the stock is owned by institutional investors.

NASDAQ TGEN traded up $0.05 during trading hours on Wednesday, reaching $2.65. The company’s stock had a trading volume of 8,588 shares, compared to its average volume of 17,124. The stock has a market capitalization of $65.89 million, a price-to-earnings ratio of -66.32 and a beta of 0.10. Tecogen has a 1-year low of $2.46 and a 1-year high of $4.20. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.53 and a quick ratio of 1.90. The firm has a 50-day moving average price of $3.39.

Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Tuesday, August 13th. The construction company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $7.87 million during the quarter, compared to analysts’ expectations of $9.94 million. Tecogen had a negative return on equity of 5.30% and a negative net margin of 26.59%. As a group, sell-side analysts expect that Tecogen will post -0.13 earnings per share for the current fiscal year.

Tecogen Company Profile

Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.

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