Shares of Tecogen Inc. (NASDAQ:TGEN) have been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $14.50.
Several research firms recently commented on TGEN. Zacks Investment Research downgraded shares of Tecogen from a “buy” rating to a “hold” rating in a report on Friday, July 21st. HC Wainwright set a $6.00 price objective on shares of Tecogen and gave the stock a “buy” rating in a report on Tuesday, August 15th. Maxim Group set a $6.00 price objective on shares of Tecogen and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Jefferies Group LLC raised their price objective on shares of Tecogen from $33.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, June 29th.
Tecogen (TGEN) traded up 1.87% during midday trading on Tuesday, hitting $3.27. 10,059 shares of the stock were exchanged. Tecogen has a 1-year low of $3.04 and a 1-year high of $5.02. The firm’s market capitalization is $80.81 million. The firm’s 50-day moving average price is $3.31 and its 200 day moving average price is $3.60.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings data on Monday, August 14th. The construction company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The company had revenue of $7.59 million during the quarter, compared to the consensus estimate of $7.46 million. Tecogen had a negative net margin of 0.13% and a negative return on equity of 0.18%. Analysts expect that Tecogen will post ($0.01) earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake 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 valued at $226,000 after buying an additional 25,760 shares in the last quarter. Vanguard Group Inc. purchased a new stake in Tecogen during the second quarter valued at about $1,174,000. Bard Associates Inc. boosted its stake in Tecogen by 0.7% in the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock valued at $1,930,000 after buying an additional 4,200 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its stake 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 valued at $2,195,000 after buying an additional 14,959 shares in the last quarter. Institutional investors and hedge funds own 8.42% of the company’s stock.
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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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