Tecogen (NYSEAMERICAN:TGEN) Earns “Buy” Rating from Roth Capital

Tecogen (NYSEAMERICAN:TGEN)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a report released on Friday, Benzinga reports. They currently have a $10.00 price target on the stock. Roth Capital‘s price target would indicate a potential upside of 423.56% from the stock’s previous close.

Tecogen Price Performance

Shares of Tecogen stock traded down $0.31 during trading on Friday, reaching $1.91. 732,782 shares of the company’s stock were exchanged, compared to its average volume of 386,999. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.46 and a current ratio of 2.93. Tecogen has a 1-year low of $1.50 and a 1-year high of $7.60. The company has a market cap of $57.66 million, a P/E ratio of -5.97 and a beta of 2.38. The firm’s 50-day moving average price is $2.48 and its 200 day moving average price is $3.74.

Tecogen (NYSEAMERICAN:TGEN) last announced its quarterly earnings data on Thursday, November 12th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $7.87 million during the quarter, compared to the consensus estimate of $6.44 million. Tecogen had a negative return on equity of 44.77% and a negative net margin of 38.98%. As a group, research analysts anticipate that Tecogen will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI acquired a new stake in Tecogen in the first quarter valued at approximately $26,000. Dimensional Fund Advisors LP bought a new stake in shares of Tecogen during the first quarter worth $29,000. HighTower Advisors LLC grew its stake in shares of Tecogen by 35.4% during the third quarter. HighTower Advisors LLC now owns 53,500 shares of the company’s stock worth $152,000 after buying an additional 14,000 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Tecogen during the first quarter worth $51,000. Finally, Empowered Funds LLC acquired a new position in shares of Tecogen during the third quarter worth $78,000.

Tecogen Company Profile

Tecogen develops, manufactures, sells and services energy-efficiency and emissions-control products. Its offerings include natural gas engine-driven cogeneration systems, which produce electricity while capturing waste heat for heating or hot water, as well as engine-driven chillers and heat pumps. The company also provides installation, maintenance and other support services for its equipment. Its systems are used in commercial, industrial and institutional settings, including buildings that can benefit from on-site power and heating or cooling.