Tecogen Inc. (TGEN) Issues Earnings Results
Tecogen Inc. (NASDAQ:TGEN) announced its earnings results on Thursday. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.05. The business earned $6.62 million during the quarter, compared to the consensus estimate of $4.68 million. Tecogen had a negative net margin of 15.50% and a negative return on equity of 26.97%.
Tecogen (NASDAQ:TGEN) opened at 4.269 on Thursday. The company’s market capitalization is $84.68 million. Tecogen has a one year low of $2.46 and a one year high of $6.50. The firm has a 50-day moving average of $4.19 and a 200-day moving average of $4.52.
Separately, Rodman & Renshaw initiated coverage on shares of Tecogen in a report on Tuesday, October 4th. They issued a “buy” rating and a $6.00 target price for the company.
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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