Tecogen (NYSEAMERICAN:TGEN) Earns Buy Rating from Analysts at Craig Hallum

Key Points

• Craig Hallum initiated coverage with a Buy rating and a $6 price target (implying ~86% upside); Northland also started coverage with an Outperform and $4.50 target, leaving a consensus Buy rating and an average target of $5.25.
• Shares rose 13.2% to $3.23 on the news; the company has a $96.3M market cap and a 1-year range of $1.82–$12.07, but remains unprofitable (‑$0.13 EPS, negative ROE and net margin) on quarterly revenue of $5.32M.
• Insiders have been buying: Director Susan B. Hirsch purchased 10,000 shares at $2.54 on March 27, insiders bought 33,000 shares over the last 90 days, and now own 12.7% of the company.

Craig Hallum started coverage on shares of Tecogen (NYSEAMERICAN:TGEN - Get Free Report) in a note issued to investors on Monday, Marketbeat.com reports. The firm set a "buy" rating and a $6.00 price target on the stock. Craig Hallum's price target indicates a potential upside of 86.05% from the stock's current price.

Separately, Northland Securities started coverage on Tecogen in a report on Thursday, April 2nd. They issued an "outperform" rating and a $4.50 target price on the stock. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $5.25.

Tecogen Stock Up 13.2%

Shares of Tecogen stock traded up $0.38 during trading hours on Monday, reaching $3.23. 78,438 shares of the company were exchanged, compared to its average volume of 464,465. Tecogen has a 1 year low of $1.82 and a 1 year high of $12.07. The company has a current ratio of 3.12, a quick ratio of 1.94 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $96.27 million, a P/E ratio of -10.94 and a beta of 1.46.

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

Insider Activity

In other news, Director Susan B. Hirsch acquired 10,000 shares of the company's stock in a transaction on Friday, March 27th. The shares were bought at an average price of $2.54 per share, with a total value of $25,400.00. Following the completion of the acquisition, the director owned 260,416 shares in the company, valued at $661,456.64. This trade represents a 3.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 33,000 shares of company stock worth $78,400 over the last 90 days. Company insiders own 12.70% of the company's stock.

Tecogen Company Profile

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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