Tecogen (NASDAQ:TGEN) released its quarterly earnings data on Tuesday. The construction company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01), Morningstar.com reports. Tecogen had a negative net margin of 26.59% and a negative return on equity of 5.30%.

TGEN opened at $2.61 on Wednesday. The company has a current ratio of 2.53, a quick ratio of 1.90 and a debt-to-equity ratio of 0.08. Tecogen has a 52-week low of $2.46 and a 52-week high of $4.20. The stock’s 50 day simple moving average is $3.41. The stock has a market capitalization of $73.03 million, a P/E ratio of -65.25 and a beta of 0.10.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGEN. Dimensional Fund Advisors LP grew its stake in Tecogen by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock worth $198,000 after buying an additional 3,700 shares during the period. BlackRock Inc. grew its stake in Tecogen by 14.1% during the second quarter. BlackRock Inc. now owns 58,371 shares of the construction company’s stock worth $219,000 after buying an additional 7,222 shares during the period. Finally, THB Asset Management grew its stake in Tecogen by 15.2% during the first quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock worth $1,492,000 after buying an additional 49,488 shares during the period. Institutional investors own 15.99% of the company’s stock.

Several equities research analysts have issued reports on TGEN shares. Zacks Investment Research upgraded shares of Tecogen from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. TheStreet downgraded shares of Tecogen from a “c-” rating to a “d+” rating in a research note on Friday, August 9th. HC Wainwright reiterated a “buy” rating and set a $6.00 price objective on shares of Tecogen in a research note on Wednesday, May 15th. Finally, ValuEngine downgraded shares of Tecogen from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.17.

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 and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.

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Earnings History for Tecogen (NASDAQ:TGEN)

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