Tecogen (NYSEAMERICAN:TGEN) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum started coverage on shares of Tecogen (NYSEAMERICAN:TGEN) in a report released on Monday, Marketbeat reports. The brokerage issued a buy rating and a $6.00 price target on the stock.

Separately, Northland Securities assumed coverage on shares of Tecogen in a research note on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 price objective for the company. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.25.

Tecogen Stock Up 27.4%

NYSEAMERICAN:TGEN opened at $3.63 on Monday. Tecogen has a 1-year low of $1.82 and a 1-year high of $12.07. The stock has a market capitalization of $108.36 million, a P/E ratio of -12.52 and a beta of 1.46. The company has a quick ratio of 1.94, a current ratio of 3.12 and a debt-to-equity ratio of 0.05.

Tecogen (NYSEAMERICAN:TGEN) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) earnings per share for the quarter. Tecogen had a negative return on equity of 43.75% and a negative net margin of 30.47%.The business had revenue of $5.32 million during the quarter.

Insider Buying and Selling

In other news, Director Susan B. Hirsch bought 10,000 shares of Tecogen stock in a transaction on Friday, March 27th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the completion of the acquisition, the director owned 260,416 shares of the company’s stock, valued at $661,456.64. This trade represents a 3.99% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought 33,000 shares of company stock valued at $78,400 in the last ninety days. Insiders own 12.70% of the company’s stock.

About Tecogen

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.