Tecogen (NYSEAMERICAN:TGEN) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of Tecogen (NYSEAMERICAN:TGEN) in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $6.00 price objective on the stock.

Separately, Northland Securities started coverage on shares of Tecogen in a research note on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 price target for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $5.25.

Tecogen Price Performance

NYSEAMERICAN TGEN opened at $3.92 on Monday. The company has a quick ratio of 1.94, a current ratio of 3.12 and a debt-to-equity ratio of 0.05. Tecogen has a one year low of $1.83 and a one year high of $12.07. The company has a market capitalization of $117.01 million, a PE ratio of -13.52 and a beta of 1.46.

Tecogen (NYSEAMERICAN:TGEN) last posted its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter. Tecogen had a negative net margin of 30.47% and a negative return on equity of 43.75%. The business had revenue of $5.32 million during the quarter.

Insider Buying and Selling at Tecogen

In related news, Director Susan B. Hirsch acquired 10,000 shares of Tecogen stock in a transaction dated Friday, March 27th. The stock was acquired at an average price of $2.54 per share, for a total transaction of $25,400.00. Following the transaction, the director owned 260,416 shares of the company’s stock, valued at $661,456.64. This represents a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have purchased 38,000 shares of company stock worth $97,050. 12.70% of the stock is currently owned by insiders.

About Tecogen

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.