Tecogen Inc. (TGEN) Receives “Buy” Rating from Maxim Group
“Tecogen reported another healthy quarter with EPS of $0.00, in-line with our expectations and higher than the consensus estimate of a loss of ($0.03) per share. The company reported stronger than expected revenues of $8.5 million, above our forecast of $8.2 million, and consensus of $7.5 million.”,” Maxim Group’s analyst wrote.
A number of other research firms have also weighed in on TGEN. Zacks Investment Research lowered shares of Tecogen from a strong-buy rating to a hold rating in a research note on Thursday, July 13th. HC Wainwright set a $6.00 price objective on shares of Tecogen and gave the company a buy rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $13.81.
Tecogen (NASDAQ TGEN) traded down $0.45 during trading on Friday, reaching $2.32. 101,100 shares of the company were exchanged, compared to its average volume of 19,065. Tecogen has a fifty-two week low of $2.32 and a fifty-two week high of $4.58. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.09.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings data on Thursday, November 9th. The construction company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. Tecogen had a negative net margin of 0.72% and a negative return on equity of 1.04%. The business had revenue of $8.50 million during the quarter, compared to analyst estimates of $9.29 million. sell-side analysts forecast that Tecogen will post -0.07 EPS for the current year.
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Large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its holdings in Tecogen by 61.3% in 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 period. Vanguard Group Inc. bought a new position in Tecogen in the 2nd quarter valued at $1,174,000. Bard Associates Inc. boosted its holdings in Tecogen by 0.7% in 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 period. Finally, Clear Harbor Asset Management LLC boosted its holdings in Tecogen by 2.3% in 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 period. 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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