Roger Deschenes Purchases 10,000 Shares of Tecogen (NYSEAMERICAN:TGEN) Stock

Tecogen Inc. (NYSEAMERICAN:TGEN) CAO Roger Deschenes acquired 10,000 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $2.23 per share, for a total transaction of $22,300.00. Following the acquisition, the chief accounting officer owned 52,962 shares of the company’s stock, valued at approximately $118,105.26. This trade represents a 23.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Tecogen Stock Performance

NYSEAMERICAN TGEN opened at $2.75 on Wednesday. Tecogen Inc. has a 1-year low of $1.81 and a 1-year high of $12.07. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.12 and a quick ratio of 1.94.

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.