Tecogen Inc. (TGEN) Given a $6.00 Price Target by Maxim Group Analysts
Maxim Group set a $6.00 target price on Tecogen Inc. (NASDAQ:TGEN) in a research note issued to investors on Wednesday morning. The brokerage currently has a buy rating on the construction company’s stock.
Several other research firms have also commented on TGEN. Jefferies Group LLC lifted their price target on Tecogen from $33.00 to $40.00 and gave the stock a hold rating in a research report on Thursday, June 29th. Zacks Investment Research lowered Tecogen from a strong-buy rating to a hold rating in a report on Thursday, July 13th. Finally, HC Wainwright set a $6.00 price target on Tecogen and gave the company a buy rating in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Tecogen currently has an average rating of Buy and a consensus target price of $13.81.
Tecogen (NASDAQ:TGEN) traded down 1.2420% during mid-day trading on Wednesday, reaching $2.9501. 3,859 shares of the company were exchanged. The stock’s 50-day moving average price is $3.16 and its 200-day moving average price is $3.39. The stock’s market capitalization is $72.91 million. Tecogen has a 1-year low of $2.90 and a 1-year high of $4.80.
Tecogen (NASDAQ:TGEN) last announced its quarterly earnings data on Monday, August 14th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $7.59 million during the quarter, compared to analysts’ expectations of $7.46 million. Tecogen had a negative return on equity of 0.18% and a negative net margin of 0.13%. On average, equities research analysts anticipate that Tecogen will post ($0.01) EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Tecogen in the second quarter valued at about $1,174,000. Bard Associates Inc. boosted its holdings in 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 purchasing an additional 4,200 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in 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 purchasing an additional 25,760 shares during the last quarter. Finally, Clear Harbor Asset Management LLC boosted its holdings in 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 purchasing an additional 14,959 shares during the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.
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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