Tecogen Inc. (NASDAQ:TGEN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The firm currently has a $2.75 target price on the construction company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.89% from the company’s current price.

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. “

Other research analysts have also issued reports about the stock. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Tecogen in a research report on Friday, November 10th. Maxim Group restated a “buy” rating and set a $6.00 price target on shares of Tecogen in a research report on Friday, November 10th. Finally, TheStreet lowered shares of Tecogen from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $13.69.

Tecogen (NASDAQ:TGEN) remained flat at $$2.48 on Thursday. 13,234 shares of the company’s stock traded hands, compared to its average volume of 18,638. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Tecogen has a 52-week low of $2.20 and a 52-week high of $4.43.

Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.00 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.03. The firm had revenue of $8.50 million during the quarter, compared to analyst estimates of $9.29 million. Tecogen had a negative net margin of 0.72% and a negative return on equity of 0.90%. sell-side analysts anticipate that Tecogen will post -0.01 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Tecogen Inc. (TGEN) Stock Rating Upgraded by Zacks Investment Research” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/11/18/tecogen-inc-tgen-stock-rating-upgraded-by-zacks-investment-research.html.

Large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL grew its position in Tecogen by 61.3% in the second quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock worth $226,000 after acquiring an additional 25,760 shares in the last quarter. Vanguard Group Inc. purchased a new position in Tecogen in the second quarter worth $1,174,000. Bard Associates Inc. grew its position in Tecogen by 0.7% in the second quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock worth $1,930,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its position in Tecogen by 2.3% in the second quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock worth $2,195,000 after acquiring an additional 14,959 shares in the last quarter. Institutional investors own 9.02% of the company’s stock.

Tecogen Company Profile

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.

Receive News & Stock Ratings for Tecogen Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecogen Inc. and related stocks with our FREE daily email newsletter.