Rodman & Renshaw initiated coverage on shares of Tecogen Inc. (NASDAQ:TGEN) in a research report sent to investors on Tuesday morning. The firm issued a buy rating and a $6.00 price objective on the stock.

Shares of Tecogen (NASDAQ:TGEN) opened at 4.18 on Tuesday. Tecogen has a 52 week low of $2.46 and a 52 week high of $6.50. The firm’s market cap is $82.91 million. The stock’s 50 day moving average is $4.39 and its 200 day moving average is $4.53.

Tecogen (NASDAQ:TGEN) last released its earnings results on Wednesday, August 10th. The company reported ($0.02) earnings per share for the quarter. The company earned $5.69 million during the quarter, compared to the consensus estimate of $6.38 million. Tecogen had a negative return on equity of 26.97% and a negative net margin of 15.50%. On average, equities research analysts predict that Tecogen will post ($0.08) earnings per share for the current fiscal year.

Tecogen Company Profile

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.

5 Day Chart for NASDAQ:TGEN

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