Clear Harbor Asset Management LLC Invests $4.15 Million in Tecogen Inc. $TGEN

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 acquired a new position in shares of Tecogen Inc. (OTCMKTS:TGEN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 SEC filing.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TGEN shares. Roth Capital started coverage on shares of Tecogen in a research note on Monday, August 18th. They set a "buy" rating and a $15.00 price objective for the company. Zacks Research upgraded shares of Tecogen to a "hold" rating in a research note on Tuesday, August 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.00.

Tecogen Stock Up 3.5%

TGEN traded up $0.31 during trading on Monday, hitting $9.06. The company had a trading volume of 1,183,372 shares, compared to its average volume of 478,679. The company has a market cap of $269.00 million, a PE ratio of -43.14 and a beta of 1.05. Tecogen Inc. has a 1-year low of $0.81 and a 1-year high of $11.55. The business has a 50-day moving average of $7.94 and a 200-day moving average of $5.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.70.

About Tecogen

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.