Tecogen (NYSEAMERICAN:TGEN) Given “Buy” Rating at Roth Capital

Tecogen (NYSEAMERICAN:TGEN)‘s stock had its “buy” rating restated by equities research analysts at Roth Capital in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $10.00 price target on the stock. Roth Capital‘s price objective suggests a potential upside of 370.37% from the company’s previous close.

Tecogen Stock Down 4.2%

Shares of NYSEAMERICAN:TGEN traded down $0.09 during trading on Friday, hitting $2.13. 113,536 shares of the company were exchanged, compared to its average volume of 378,494. Tecogen has a fifty-two week low of $1.50 and a fifty-two week high of $7.60. The stock has a market cap of $64.18 million, a price-to-earnings ratio of -6.80 and a beta of 2.38. The company has a current ratio of 2.93, a quick ratio of 1.46 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $2.51 and a two-hundred day moving average price of $3.75.

Tecogen (NYSEAMERICAN:TGEN) last released its quarterly earnings data on Thursday, November 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $7.87 million during the quarter, compared to the consensus estimate of $6.44 million. Tecogen had a negative return on equity of 44.77% and a negative net margin of 38.98%. As a group, research analysts anticipate that Tecogen will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of Tecogen

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aberdeen Group plc acquired a new stake in Tecogen in the third quarter valued at $1,139,000. Gratia Capital LLC bought a new position in shares of Tecogen in the 2nd quarter valued at about $2,029,000. Heartland Advisors Inc. grew its position in shares of Tecogen by 107.9% in the 3rd quarter. Heartland Advisors Inc. now owns 378,500 shares of the company’s stock valued at $1,075,000 after acquiring an additional 196,400 shares during the period. Renaissance Technologies LLC increased its stake in shares of Tecogen by 401.5% during the 1st quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock worth $697,000 after purchasing an additional 218,000 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Tecogen by 35.4% during the 3rd quarter. HighTower Advisors LLC now owns 53,500 shares of the company’s stock worth $152,000 after purchasing an additional 14,000 shares during the last quarter.

About Tecogen

Tecogen Inc. develops, manufactures, sells and services clean-energy equipment designed to improve energy efficiency and reduce emissions. The company’s products are primarily powered by natural-gas or propane-fueled engines and are used in distributed power-generation, heating and cooling applications. Its product portfolio includes combined heat and power systems, which generate electricity while capturing useful heat; natural-gas engine-driven chillers and heat pumps; and related energy systems for commercial, industrial, institutional and multifamily buildings.