Tecogen (NYSEAMERICAN:TGEN) Now Covered by Analysts at Northland Securities

Northland Securities initiated coverage on shares of Tecogen (NYSEAMERICAN:TGEN) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm issued an outperform rating and a $4.50 target price on the stock.

Tecogen Trading Up 5.0%

Shares of TGEN opened at $2.92 on Thursday. The company has a current ratio of 3.12, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. Tecogen has a fifty-two week low of $1.81 and a fifty-two week high of $12.07.

Insider Buying and Selling

In other Tecogen news, Director Susan B. Hirsch bought 10,000 shares of Tecogen stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the completion of the transaction, the director owned 260,416 shares of the company’s stock, valued at $661,456.64. This represents a 3.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 33,000 shares of company stock valued at $78,400 in the last ninety days. Corporate 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.