Tecogen (TGEN) Issues Quarterly Earnings Results
Tecogen (NASDAQ:TGEN) posted its quarterly earnings results on Tuesday. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03), Fidelity Earnings reports. Tecogen had a negative net margin of 1.17% and a negative return on equity of 1.31%.
NASDAQ TGEN opened at $3.57 on Wednesday. Tecogen has a 12-month low of $2.05 and a 12-month high of $4.20.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP purchased a new stake in Tecogen during the second quarter valued at about $178,000. Herald Investment Management Ltd boosted its holdings in shares of Tecogen by 52.5% during the second quarter. Herald Investment Management Ltd now owns 321,078 shares of the construction company’s stock worth $1,159,000 after purchasing an additional 110,552 shares during the period. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Tecogen by 447.1% during the second quarter. Essex Investment Management Co. LLC now owns 515,391 shares of the construction company’s stock worth $1,917,000 after purchasing an additional 421,180 shares during the period. Institutional investors and hedge funds own 12.85% of the company’s stock.
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Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.
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