Tecogen Inc. (TGEN) Rating Reiterated by HC Wainwright
Tecogen Inc. (NASDAQ:TGEN)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a note issued to investors on Friday. They presently have a $6.00 price objective on the construction company’s stock. HC Wainwright’s price target would suggest a potential upside of 158.62% from the stock’s current price.
Several other research analysts have also issued reports on TGEN. Maxim Group restated a “buy” rating and issued a $6.00 price target on shares of Tecogen in a research report on Friday. Zacks Investment Research upgraded Tecogen from a “sell” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $13.81.
Tecogen (NASDAQ:TGEN) traded down $0.45 during trading hours on Friday, hitting $2.32. The stock had a trading volume of 101,100 shares, compared to its average volume of 19,065. Tecogen has a 1-year low of $2.32 and a 1-year high of $4.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.97 and a current ratio of 2.69.
Tecogen (NASDAQ:TGEN) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. Tecogen had a negative return on equity of 1.04% and a negative net margin of 0.72%. The business had revenue of $8.50 million for the quarter, compared to analyst estimates of $9.29 million. analysts forecast that Tecogen will post -0.07 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. bought a new position in Tecogen during the second quarter worth about $1,174,000. Bard Associates Inc. lifted its holdings 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. Gamco Investors INC. ET AL lifted its holdings 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. Finally, Clear Harbor Asset Management LLC lifted its holdings 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 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.
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