Tecogen (NYSEAMERICAN:TGEN) Posts Quarterly Earnings Results

Tecogen (NYSEAMERICAN:TGEN) released its earnings results on Tuesday. The company reported ($0.07) earnings per share for the quarter, FiscalAI reports. Tecogen had a negative net margin of 30.47% and a negative return on equity of 43.75%. The firm had revenue of $6.34 million during the quarter.

Tecogen Trading Up 17.8%

Tecogen stock traded up $0.76 during mid-day trading on Wednesday, hitting $4.99. 1,524,119 shares of the company’s stock traded hands, compared to its average volume of 510,304. Tecogen has a fifty-two week low of $1.94 and a fifty-two week high of $12.07. The company has a market capitalization of $149.10 million, a price-to-earnings ratio of -17.14 and a beta of 2.04. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.12 and a quick ratio of 1.94.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TGEN shares. 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 target price for the company. Craig Hallum started coverage on Tecogen in a report on Monday, April 13th. They set a “buy” rating and a $6.00 price target for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $5.25.

Insider Transactions at Tecogen

In other Tecogen news, Director Susan B. Hirsch purchased 10,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was acquired at an average price of $2.54 per share, with a total value of $25,400.00. Following the acquisition, the director directly owned 260,416 shares of the company’s stock, valued at $661,456.64. This trade represents a 3.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders acquired 50,723 shares of company stock worth $107,101. Company insiders own 12.70% of the company’s stock.

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.