Tecogen (NYSEAMERICAN:TGEN) General Counsel Acquires $23,800.00 in Stock

Tecogen Inc. (NYSEAMERICAN:TGEN) General Counsel John Kimball Iv Whiting acquired 10,000 shares of Tecogen stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of $2.38 per share, with a total value of $23,800.00. Following the completion of the acquisition, the general counsel directly owned 22,612 shares in the company, valued at $53,816.56. This trade represents a 79.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Tecogen Stock Up 5.8%

Shares of TGEN traded up $0.13 during trading hours on Monday, hitting $2.36. The stock had a trading volume of 469,570 shares, compared to its average volume of 491,823. Tecogen Inc. has a 52 week low of $1.81 and a 52 week high of $12.07.

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.