Tecogen (OTCMKTS:TGEN) Downgraded to “Hold” at Zacks Investment Research

Tecogen (OTCMKTS:TGEN – Get Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

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. “

TGEN opened at $1.35 on Thursday. The business has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.41. The firm has a market cap of $33.55 million, a P/E ratio of 9.00 and a beta of 0.39. Tecogen has a twelve month low of $0.70 and a twelve month high of $2.40.

About Tecogen (Get Rating)

Tecogen Inc designs, manufactures, markets, and maintains industrial and commercial cogeneration systems for residential, commercial, recreational, and industrial use in the United States and internationally. It operates through three segments: Products, Services, and Energy Production. The company offers InVerde e+ and TecoPower, a cogeneration product that supplies electricity and hot water; TECOCHILL air-conditioning and refrigeration chillers; Tecofrost gas engine-driven refrigeration compressors; and water heaters under the Ilios brand name, as well as emissions control technology under the Ultera brand name.

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