Tecogen (NYSEAMERICAN:TGEN) Earns Outperform Rating from Analysts at Northland Securities

Northland Securities began coverage on shares of Tecogen (NYSEAMERICAN:TGEN) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued an outperform rating and a $4.50 price objective on the stock.

Tecogen Stock Performance

Shares of NYSEAMERICAN TGEN opened at $2.92 on Thursday. The company has a current ratio of 3.12, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. Tecogen has a one year low of $1.81 and a one year high of $12.07. The stock has a market capitalization of $87.16 million, a price-to-earnings ratio of -10.07 and a beta of 1.46.

Insiders Place Their Bets

In other news, Director Susan B. Hirsch acquired 10,000 shares of Tecogen stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of $2.54 per share, with a total value of $25,400.00. Following the purchase, the director directly owned 260,416 shares of the company’s stock, valued at $661,456.64. The trade was a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have purchased 33,000 shares of company stock worth $78,400. 12.70% of the stock is owned by company insiders.

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.