Tecogen Inc. (TGEN) Earns “Buy” Rating from HC Wainwright
HC Wainwright reiterated their buy rating on shares of Tecogen Inc. (NASDAQ:TGEN) in a research report sent to investors on Friday. They currently have a $6.00 price objective on the construction company’s stock.
TGEN has been the subject of several other reports. Zacks Investment Research downgraded shares of Tecogen from a hold rating to a sell rating in a report on Wednesday, October 11th. Maxim Group reissued a buy rating and set a $6.00 price target on shares of Tecogen in a report on Friday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tecogen has an average rating of Buy and a consensus price target of $13.81.
Shares of Tecogen (NASDAQ TGEN) traded down $0.45 during trading on Friday, hitting $2.32. 101,100 shares of the stock traded hands, compared to its average volume of 18,360. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Tecogen has a 1-year low of $2.32 and a 1-year high of $4.58.
Tecogen (NASDAQ:TGEN) last issued its earnings results on Thursday, November 9th. The construction company reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.03. Tecogen had a negative net margin of 0.72% and a negative return on equity of 0.90%. The business had revenue of $8.50 million for the quarter, compared to analyst estimates of $9.29 million. research analysts forecast that Tecogen will post -0.07 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL lifted its holdings in Tecogen by 61.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock valued at $226,000 after purchasing an additional 25,760 shares during the last quarter. Vanguard Group Inc. bought a new position in Tecogen during the 2nd quarter valued at about $1,174,000. Bard Associates Inc. lifted its holdings in Tecogen by 0.7% during the 2nd quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock valued at $1,930,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Clear Harbor Asset Management LLC lifted its holdings in Tecogen by 2.3% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock valued at $2,195,000 after purchasing an additional 14,959 shares during the last quarter. 9.02% of the stock is owned by hedge funds and other institutional investors.
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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