Zacks Investment Research upgraded shares of Tecogen (NASDAQ:TGEN) from a sell rating to a hold rating in a research report released on Saturday morning.
According to Zacks, “Tecogen Inc. designs, manufactures, sells, and services systems that produce electricity, hot water, and air conditioning for commercial installations and buildings and industrial processes. The Company’s ultra-efficient products include cogeneration modules, which provide electricity and heat, and chillers, which provide air-conditioning and optional free hot water. Its products supply electrical power or mechanical power for cooling, as well as free engine heat that gets recovered and purposefully used at customer facilities. Tecogen Inc. is based in United States. “
Separately, HC Wainwright set a $6.00 price objective on Tecogen and gave the company a buy rating in a research report on Thursday, December 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $13.69.
Tecogen stock opened at $2.99 on Friday. Tecogen has a fifty-two week low of $2.05 and a fifty-two week high of $4.17.
Tecogen (NASDAQ:TGEN) last posted its quarterly earnings data on Wednesday, March 21st. The construction company reported $0.01 earnings per share for the quarter. The business had revenue of $10.26 million for the quarter, compared to analysts’ expectations of $9.18 million. Tecogen had a return on equity of 0.17% and a net margin of 0.14%. sell-side analysts predict that Tecogen will post 0.04 earnings per share for the current year.
A hedge fund recently bought a new stake in Tecogen stock. Vanguard Group Inc. purchased a new position in Tecogen Inc (NASDAQ:TGEN) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 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. Hedge funds and other institutional investors own 9.98% 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, the United Kingdom, Mexico, Ireland, and internationally. It offers InVerde 100, InVerde e+, CM-75, and CM-60 cogeneration units that supply electricity and hot water; TECOCHILL branded chillers that provide air-conditioning and hot water; and water heaters under the Ilios brand.
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