Tecogen (TGEN) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Headlines about Tecogen (NASDAQ:TGEN) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tecogen earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.004437978372 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Tecogen (TGEN) & Hanwha Q CELLS Co. (HQCL) Head to Head Survey (americanbankingnews.com)
- Financial Review: Trina Solar Limited (TSL) vs. Tecogen (TGEN) (americanbankingnews.com)
- Cannabis Order Book Grows Higher (finance.yahoo.com)
- West Side Condo Partners with Tecogen for Energy Supply Resiliency (finance.yahoo.com)
- Tecogen (TGEN) and Ballard Power Systems (BLDP) Head to Head Contrast (americanbankingnews.com)
Shares of Tecogen (NASDAQ TGEN) traded down 1.22% during trading on Monday, reaching $3.25. The company had a trading volume of 54,244 shares. Tecogen has a 52 week low of $2.95 and a 52 week high of $4.80. The firm has a 50-day moving average of $3.21 and a 200 day moving average of $3.48. The firm’s market capitalization is $80.32 million.
Tecogen (NASDAQ:TGEN) last announced its quarterly earnings results on Monday, August 14th. The construction company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $7.59 million during the quarter, compared to analyst estimates 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 forecast that Tecogen will post ($0.01) earnings per share for the current year.
A number of equities analysts recently commented on the company. Maxim Group assumed coverage on Tecogen in a report on Wednesday, June 7th. They set a “buy” rating and a $6.00 target price for the company. Zacks Investment Research cut Tecogen from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Jefferies Group LLC raised their target price on Tecogen from $33.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, June 29th. Finally, HC Wainwright set a $6.00 target price on Tecogen and gave the company a “buy” rating in a report on Tuesday, August 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $12.35.
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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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