Zacks Investment Research downgraded shares of Tecogen (NASDAQ:TGEN) from a hold rating to a strong sell rating in a research note published on Thursday morning, Zacks.com reports.

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. “

A number of other analysts also recently issued reports on the company. ValuEngine downgraded Tecogen from a buy rating to a hold rating in a research note on Wednesday, July 24th. TheStreet downgraded Tecogen from a c- rating to a d+ rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $5.17.

NASDAQ:TGEN traded down $0.02 during trading hours on Thursday, reaching $2.18. The stock had a trading volume of 4,000 shares, compared to its average volume of 14,498. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.80 and a current ratio of 2.30. Tecogen has a 52 week low of $2.11 and a 52 week high of $4.20. The company has a 50 day moving average price of $2.47 and a two-hundred day moving average price of $3.05. The stock has a market capitalization of $55.65 million, a PE ratio of -54.50 and a beta of 0.18.

Tecogen (NASDAQ:TGEN) last released its quarterly earnings data on Tuesday, November 12th. The construction company reported ($0.02) earnings per share (EPS) for the quarter. Tecogen had a negative return on equity of 4.58% and a negative net margin of 25.26%. The firm had revenue of $8.67 million during the quarter, compared to the consensus estimate of $10.52 million. Equities research analysts predict that Tecogen will post -0.05 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Clear Harbor Asset Management LLC increased its stake in Tecogen by 3.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 607,382 shares of the construction company’s stock worth $1,446,000 after acquiring an additional 20,652 shares during the last quarter. River & Mercantile Asset Management LLP bought a new position in shares of Tecogen during the 2nd quarter valued at approximately $2,030,000. Vanguard Group Inc. increased its position in shares of Tecogen by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 437,659 shares of the construction company’s stock valued at $1,642,000 after purchasing an additional 13,440 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Tecogen by 14.1% during the 2nd quarter. BlackRock Inc. now owns 58,371 shares of the construction company’s stock valued at $219,000 after purchasing an additional 7,222 shares during the last quarter. 16.33% of the stock is currently owned by institutional investors and hedge funds.

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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