Tecogen Inc. (TGEN) Posts Earnings Results, Beats Estimates By $0.03 EPS

Tecogen Inc. (NASDAQ:TGEN) issued its quarterly earnings data on Thursday. The construction company reported $0.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.03, Zacks Earnings Dates reports. The business had revenue of $8.50 million for the quarter, compared to analysts’ expectations of $9.29 million. Tecogen had a negative return on equity of 1.04% and a negative net margin of 0.72%.

Tecogen (NASDAQ:TGEN) traded down $0.45 during trading on Friday, hitting $2.32. The company’s stock had a trading volume of 101,100 shares, compared to its average volume of 18,360. Tecogen has a twelve month low of $2.32 and a twelve month high of $4.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.69 and a quick ratio of 1.97.

A hedge fund recently bought a new stake in Tecogen stock. Vanguard Group Inc. acquired a new stake in Tecogen Inc. (NASDAQ:TGEN) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 352,617 shares of the construction company’s stock, valued at approximately $1,174,000. Vanguard Group Inc. owned approximately 1.76% of Tecogen as of its most recent SEC filing. Institutional investors and hedge funds own 9.02% of the company’s stock.

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Several analysts have weighed in on TGEN shares. Zacks Investment Research upgraded Tecogen from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Wednesday, July 19th. HC Wainwright set a $6.00 price target on Tecogen and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, Maxim Group set a $6.00 price target on Tecogen and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.81.

About Tecogen

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.

Earnings History for Tecogen (NASDAQ:TGEN)

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