Other analysts have also recently issued reports about the stock. TheStreet raised shares of Tecogen from a d rating to a c- rating in a research report on Friday, April 21st. Zacks Investment Research cut shares of Tecogen from a buy rating to a hold rating in a research report on Friday, July 21st. Maxim Group set a $6.00 price target on shares of Tecogen and gave the stock a buy rating in a research report on Monday, August 14th. Finally, Jefferies Group LLC upped their price target on shares of Tecogen from $33.00 to $40.00 and gave the stock a hold rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Tecogen presently has a consensus rating of Buy and an average price target of $12.35.
Tecogen (TGEN) opened at 3.27 on Tuesday. The stock’s market capitalization is $80.81 million. The company has a 50-day moving average price of $3.31 and a 200-day moving average price of $3.60. Tecogen has a 12-month low of $3.04 and a 12-month high of $5.02.
Tecogen (NASDAQ:TGEN) last announced its quarterly earnings results on Monday, August 14th. The construction company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Tecogen had a negative net margin of 0.13% and a negative return on equity of 0.18%. The firm had revenue of $7.59 million during the quarter, compared to analysts’ expectations of $7.46 million. On average, equities research analysts forecast that Tecogen will post ($0.01) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of TGEN. Clear Harbor Asset Management LLC boosted its position in Tecogen by 2.3% in the second quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock worth $2,195,000 after buying an additional 14,959 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Tecogen by 61.3% in the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock worth $226,000 after buying an additional 25,760 shares during the last quarter. Bard Associates Inc. boosted its position in Tecogen by 0.7% in the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock worth $1,930,000 after buying an additional 4,200 shares during the last quarter. Finally, Vanguard Group Inc. purchased a new position in Tecogen during the second quarter worth $1,174,000. 8.42% of the stock is owned by institutional investors.
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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