Tecogen’s (TGEN) “Buy” Rating Reiterated at HC Wainwright

Tecogen (NASDAQ:TGEN)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research report issued on Monday. They currently have a $6.00 target price on the construction company’s stock. HC Wainwright’s price target indicates a potential upside of 68.87% from the stock’s previous close.

The analysts wrote, “Our $6.00 price target for the company is derived using a DCF analysis. For our analysis, we have projected total revenues to increase from an estimated $38.1M in 2018 to $130.2M in 2025, growing at a seven-year CAGR of 19.2%.””

Separately, Zacks Investment Research upgraded Tecogen from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 17th.

NASDAQ TGEN traded down $0.21 during mid-day trading on Monday, hitting $3.55. The stock had a trading volume of 2,494 shares, compared to its average volume of 6,904. Tecogen has a twelve month low of $2.05 and a twelve month high of $4.20.

Tecogen (NASDAQ:TGEN) last issued its earnings results on Tuesday, November 13th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). The company had revenue of $7.94 million during the quarter, compared to analysts’ expectations of $10.76 million. Tecogen had a negative net margin of 2.90% and a negative return on equity of 3.21%. On average, sell-side analysts forecast that Tecogen will post -0.04 earnings per share for the current year.

A hedge fund recently bought a new stake in Tecogen stock. Dimensional Fund Advisors LP purchased a new position in shares of Tecogen Inc. (NASDAQ:TGEN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,949 shares of the construction company’s stock, valued at approximately $178,000. Dimensional Fund Advisors LP owned 0.19% of Tecogen at the end of the most recent quarter. 12.86% of the stock is currently owned by 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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