Tecogen (NASDAQ:TGEN) has been given a $6.00 price target by investment analysts at HC Wainwright in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the construction company’s stock. HC Wainwright’s price target points to a potential upside of 108.33% from the stock’s previous close.
Separately, Zacks Investment Research downgraded Tecogen from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.69.
Tecogen stock opened at $2.88 on Thursday. Tecogen has a 52 week low of $2.05 and a 52 week high of $4.17.
A hedge fund recently bought a new stake in Tecogen stock. Vanguard Group Inc. acquired a new stake in Tecogen Inc (NASDAQ:TGEN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 352,617 shares of the construction company’s stock, valued at approximately $1,174,000. Vanguard Group Inc. owned about 1.76% of Tecogen as of its most recent filing with the SEC. 9.98% of the stock is owned by institutional investors and hedge funds.
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Tecogen Inc designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas.
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