Tecogen (NYSEAMERICAN:TGEN) Issues Quarterly Earnings Results

Tecogen (NYSEAMERICAN:TGEN) issued its quarterly earnings data on Tuesday. The company reported ($0.07) EPS for the quarter, FiscalAI reports. The business had revenue of $6.34 million for the quarter. Tecogen had a negative return on equity of 43.75% and a negative net margin of 30.47%.

Tecogen Trading Up 20.1%

Tecogen stock traded up $0.85 during midday trading on Wednesday, reaching $5.08. 1,550,328 shares of the company’s stock were exchanged, compared to its average volume of 510,573. Tecogen has a 52 week low of $1.94 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.94 and a current ratio of 3.12. The stock has a market capitalization of $151.97 million, a P/E ratio of -17.47 and a beta of 2.04.

Insider Transactions at Tecogen

In related news, Director Susan B. Hirsch acquired 10,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was purchased at an average cost of $2.54 per share, for a total transaction of $25,400.00. Following the completion of the transaction, the director directly owned 260,416 shares of the company’s stock, valued at approximately $661,456.64. The trade was a 3.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 50,723 shares of company stock worth $107,101 in the last three months. Company insiders own 12.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Northland Securities assumed coverage on Tecogen in a research note on Thursday, April 2nd. They issued an “outperform” rating and a $4.50 price target on the stock. Craig Hallum began coverage on Tecogen in a report on Monday, April 13th. They issued a “buy” rating and a $6.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $5.25.

About Tecogen

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.