Tecogen (NYSEAMERICAN:TGEN) Director Susan Hirsch Buys 5,000 Shares

Key Points

• Susan Hirsch, a Tecogen director, bought 5,000 shares on April 13 at an average price of $3.73 for $18,650, increasing her stake to 265,416 shares (a 1.92% ownership rise) according to an SEC filing.
• Tecogen stock rose about 4.4% to $3.79 on heavy volume (1,012,180 shares versus a 490,812 average), valuing the company at roughly $113.1 million.
• Two analysts recently initiated coverage with bullish calls (Northland: Outperform, $4.50 target; Craig Hallum: Buy, $6.00 target), leaving a MarketBeat consensus rating of Buy and a $5.25 target price.

Tecogen Inc. (NYSEAMERICAN:TGEN - Get Free Report) Director Susan Hirsch bought 5,000 shares of the business's stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average cost of $3.73 per share, for a total transaction of $18,650.00. Following the transaction, the director owned 265,416 shares of the company's stock, valued at $990,001.68. The trade was a 1.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Tecogen Stock Up 4.4%

Shares of NYSEAMERICAN:TGEN traded up $0.16 during mid-day trading on Tuesday, hitting $3.79. 1,012,180 shares of the company traded hands, compared to its average volume of 490,812. The stock has a market cap of $113.13 million, a price-to-earnings ratio of -13.07 and a beta of 1.46. The company has a quick ratio of 1.94, a current ratio of 3.12 and a debt-to-equity ratio of 0.05. Tecogen Inc. has a 12-month low of $1.82 and a 12-month high of $12.07.

Tecogen (NYSEAMERICAN:TGEN - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $5.32 million for the quarter. Tecogen had a negative net margin of 30.47% and a negative return on equity of 43.75%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Northland Securities assumed coverage on Tecogen in a research report on Thursday, April 2nd. They set an "outperform" rating and a $4.50 target price on the stock. Craig Hallum initiated coverage on Tecogen in a report on Monday. They set a "buy" rating and a $6.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Tecogen currently has a consensus 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.

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