Tecogen (NYSEAMERICAN:TGEN) Stock Keeps “Buy” Rating at Roth Capital

Roth Capital reissued their buy rating on shares of Tecogen (NYSEAMERICAN:TGEN) in a report released on Friday,Benzinga reports. Roth Capital currently has a $10.00 price objective on the stock.

Tecogen Stock Performance

TGEN traded down $0.31 on Friday, hitting $1.91. The company had a trading volume of 732,782 shares, compared to its average volume of 386,999. The company’s fifty day moving average price is $2.48 and its 200 day moving average price is $3.74. Tecogen has a 1-year low of $1.50 and a 1-year high of $7.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.93 and a quick ratio of 1.46. The stock has a market cap of $57.66 million, a price-to-earnings ratio of -5.97 and a beta of 2.38.

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

Institutional Trading of Tecogen

Several large investors have recently modified their holdings of TGEN. Gratia Capital LLC bought a new position in Tecogen in the 2nd quarter worth $2,029,000. Renaissance Technologies LLC lifted its position in Tecogen by 401.5% during the 1st quarter. Renaissance Technologies LLC now owns 272,300 shares of the company’s stock worth $697,000 after acquiring an additional 218,000 shares during the last quarter. Empowered Funds LLC bought a new stake in Tecogen during the third quarter valued at about $78,000. Heartland Advisors Inc. boosted its holdings in Tecogen by 107.9% during the third quarter. Heartland Advisors Inc. now owns 378,500 shares of the company’s stock valued at $1,075,000 after acquiring an additional 196,400 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Tecogen by 35.4% during the third quarter. HighTower Advisors LLC now owns 53,500 shares of the company’s stock valued at $152,000 after acquiring an additional 14,000 shares during the period.

About Tecogen

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.