Tecogen (NASDAQ:TGEN) Raised to Buy at ValuEngine

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ValuEngine upgraded shares of Tecogen (NASDAQ:TGEN) from a hold rating to a buy rating in a report published on Monday, ValuEngine reports.

TGEN has been the topic of several other research reports. Zacks Investment Research upgraded shares of Tecogen from a hold rating to a buy rating and set a $4.50 price target on the stock in a report on Tuesday, April 2nd. Maxim Group reiterated a buy rating and issued a $5.00 price target on shares of Tecogen in a report on Thursday, March 28th. Finally, HC Wainwright reiterated a buy rating and issued a $6.00 price target on shares of Tecogen in a report on Wednesday, May 15th.

Shares of NASDAQ:TGEN opened at $3.65 on Monday. Tecogen has a twelve month low of $2.94 and a twelve month high of $4.20. The stock has a 50 day simple moving average of $3.55. The company has a current ratio of 2.53, a quick ratio of 1.90 and a debt-to-equity ratio of 0.08. The firm has a market cap of $90.91 million, a P/E ratio of -91.25 and a beta of 0.13.

Tecogen (NASDAQ:TGEN) last issued its quarterly earnings results on Tuesday, May 14th. The construction company reported ($0.01) earnings per share for the quarter. Tecogen had a negative return on equity of 5.30% and a negative net margin of 26.59%. The business had revenue of $8.18 million during the quarter, compared to analyst estimates of $9.90 million. On average, research analysts anticipate that Tecogen will post -0.13 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Tecogen by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock worth $198,000 after purchasing an additional 3,700 shares in the last quarter. Thomson Horstmann & Bryant Inc. purchased a new stake in Tecogen in the 4th quarter worth approximately $1,178,000. Finally, THB Asset Management boosted its position in Tecogen by 15.2% in the 1st quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock worth $1,492,000 after purchasing an additional 49,488 shares in the last quarter. Institutional investors and hedge funds own 16.13% of the company’s stock.

Tecogen Company Profile

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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