Zacks Investment Research Lowers Tecogen (TGEN) to Sell

Zacks Investment Research cut shares of Tecogen (NASDAQ:TGEN) from a hold rating to a sell rating in a report published on Saturday morning.

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. “

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Separately, HC Wainwright set a $6.00 price objective on Tecogen and gave the stock a buy rating in a research note on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Tecogen presently has an average rating of Hold and a consensus target price of $13.69.

Shares of TGEN stock opened at $3.04 on Friday. Tecogen has a twelve month low of $2.05 and a twelve month high of $4.17.

Tecogen (NASDAQ:TGEN) last issued its quarterly earnings results on Wednesday, March 21st. The construction company reported $0.01 earnings per share for the quarter. The business had revenue of $10.26 million during the quarter, compared to the consensus estimate of $9.18 million. Tecogen had a return on equity of 0.17% and a net margin of 0.14%. analysts anticipate that Tecogen will post 0.04 EPS for the current fiscal year.

An institutional investor recently bought a new position in Tecogen stock. Vanguard Group Inc. acquired a new position in Tecogen Inc (NASDAQ:TGEN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing. Institutional investors and hedge funds own 9.98% of the company’s stock.

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Tecogen Company Profile

Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States, the United Kingdom, Mexico, Ireland, and internationally. It offers InVerde 100, InVerde e+, CM-75, and CM-60 cogeneration units that supply electricity and hot water; TECOCHILL branded chillers that provide air-conditioning and hot water; and water heaters under the Ilios brand.

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