Tecogen (OTCMKTS:TGEN) Now Covered by Roth Capital

Key Points

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Equities researchers at Roth Capital started coverage on shares of Tecogen (OTCMKTS:TGEN - Get Free Report) in a report issued on Monday, Marketbeat.com reports. The firm set a "buy" rating and a $15.00 price target on the stock. Roth Capital's target price would indicate a potential upside of 57.56% from the stock's previous close.

Separately, Wall Street Zen downgraded shares of Tecogen from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st.

Tecogen Stock Up 14.8%

TGEN opened at $9.52 on Monday. The company has a market cap of $282.66 million, a P/E ratio of -45.33 and a beta of 1.00. Tecogen has a 12 month low of $0.81 and a 12 month high of $11.55. The business's 50-day moving average price is $7.70 and its 200-day moving average price is $4.54. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.03.

Institutional Trading of Tecogen

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGEN. Geode Capital Management LLC purchased a new stake in shares of Tecogen in the second quarter worth about $971,000. Gamco Investors INC. ET AL bought a new stake in Tecogen in the 2nd quarter worth approximately $286,000. Gendell Jeffrey L purchased a new stake in shares of Tecogen during the 2nd quarter worth approximately $284,000. Corsair Capital Management L.P. bought a new position in shares of Tecogen during the 2nd quarter valued at approximately $461,000. Finally, Heron Bay Capital Management purchased a new position in shares of Tecogen in the second quarter valued at $253,000.

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.