Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tecogen (TGEN) Stock Price

News articles about Tecogen (NASDAQ:TGEN) have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tecogen earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the construction company an impact score of 46.9352784185245 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

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Several brokerages have recently issued reports on TGEN. Zacks Investment Research upgraded Tecogen from a “sell” rating to a “hold” rating in a report on Saturday. HC Wainwright set a $6.00 price target on Tecogen and gave the company a “buy” rating in a report on Thursday, March 22nd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Tecogen currently has an average rating of “Buy” and an average target price of $13.69.

Shares of Tecogen stock traded down $0.05 during trading on Monday, hitting $2.94. 14,099 shares of the stock traded hands, compared to its average volume of 24,642. Tecogen has a twelve month low of $2.05 and a twelve month high of $4.17.

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

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About Tecogen

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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