Tecogen (NASDAQ:TGEN) Issues Earnings Results

Tecogen (NASDAQ:TGEN) announced its quarterly earnings data on Tuesday. The construction company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01), Morningstar.com reports. Tecogen had a negative net margin of 26.59% and a negative return on equity of 5.30%.

TGEN stock opened at $2.61 on Wednesday. The firm has a fifty day simple moving average of $3.41. Tecogen has a fifty-two week low of $2.46 and a fifty-two week high of $4.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.90 and a current ratio of 2.53. The stock has a market capitalization of $73.03 million, a price-to-earnings ratio of -65.25 and a beta of 0.10.

A number of equities research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Tecogen in a report on Wednesday, May 15th. ValuEngine lowered shares of Tecogen from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. TheStreet lowered shares of Tecogen from a “c-” rating to a “d+” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Tecogen from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $5.17.



Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Tecogen by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 54,549 shares of the construction company’s stock valued at $198,000 after purchasing an additional 3,700 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tecogen by 14.1% in the second 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 in the last quarter. Finally, THB Asset Management grew its holdings in shares of Tecogen by 15.2% in the first quarter. THB Asset Management now owns 374,041 shares of the construction company’s stock valued at $1,492,000 after purchasing an additional 49,488 shares in the last quarter. 15.99% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History for Tecogen (NASDAQ:TGEN)

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