610,000 Shares in Tecogen Inc. $TGEN Acquired by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management LLC acquired 610,000 shares of Tecogen Inc. (OTCMKTS:TGEN) in Q2, representing approximately $4.15 million and giving them a 2.41% ownership stake in the company.
• Analysts have a consensus rating of "Moderate Buy" for TGEN, with Roth Capital setting a price objective of $15.00 following an initiation of coverage.
• As of the latest trading session, Tecogen's stock has increased by 20% and is currently priced at $8.75, significantly up from its 12-month low of $0.81.

Clear Harbor Asset Management LLC purchased a new position in shares of Tecogen Inc. (OTCMKTS:TGEN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 610,000 shares of the company's stock, valued at approximately $4,148,000. Clear Harbor Asset Management LLC owned 2.41% of Tecogen as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Upgrades and Downgrades

TGEN has been the subject of several research reports. Zacks Research upgraded shares of Tecogen to a "hold" rating in a report on Tuesday, August 19th. Roth Capital began coverage on shares of Tecogen in a research report on Monday, August 18th. They set a "buy" rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.

Tecogen Trading Up 20.0%

OTCMKTS:TGEN opened at $8.75 on Monday. Tecogen Inc. has a 12 month low of $0.81 and a 12 month high of $11.55. The firm has a market cap of $259.80 million, a price-to-earnings ratio of -41.67 and a beta of 1.05. The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The company's 50 day moving average is $7.91 and its 200-day moving average is $5.42.

Tecogen Profile

Tecogen Inc, together with its subsidiaries, designs, manufactures, markets, and maintains ultra-clean cogeneration products for multi-family residential, commercial, recreational, and industrial use primarily in the United States. It operates through three segments: Products, Services, and Energy Production.

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