HC Wainwright reiterated their buy rating on shares of Tecogen Inc. (NASDAQ:TGEN) in a research note issued to investors on Friday. The firm currently has a $6.00 price objective on the construction company’s stock.
A number of other brokerages have also commented on TGEN. Zacks Investment Research lowered Tecogen from a strong-buy rating to a hold rating in a research note on Thursday, July 13th. Maxim Group set a $6.00 target price on Tecogen and gave the company a buy rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $13.81.
Tecogen (NASDAQ:TGEN) opened at $2.53 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.86 and a current ratio of 2.51. Tecogen has a 12 month low of $2.20 and a 12 month high of $4.58.
Tecogen (NASDAQ:TGEN) last issued its earnings results on Thursday, November 9th. The construction company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. The business had revenue of $8.50 million during the quarter, compared to analyst estimates of $9.29 million. Tecogen had a negative return on equity of 0.90% and a negative net margin of 0.72%. equities analysts anticipate that Tecogen will post -0.07 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in TGEN. Gamco Investors INC. ET AL raised its stake in Tecogen by 61.3% during the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock worth $226,000 after acquiring an additional 25,760 shares in the last quarter. Vanguard Group Inc. acquired a new position in Tecogen during the second quarter worth $1,174,000. Bard Associates Inc. raised its stake in Tecogen by 0.7% during the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock worth $1,930,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in Tecogen by 2.3% during the second quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock worth $2,195,000 after acquiring an additional 14,959 shares in the last quarter. Hedge funds and other institutional investors own 9.02% 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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