BlackRock Inc. Buys 7222 Shares of Tecogen Inc. (NASDAQ:TGEN)

BlackRock Inc. raised its stake in shares of Tecogen Inc. (NASDAQ:TGEN) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the …

Tecogen logoBlackRock Inc. raised its stake in shares of Tecogen Inc. (NASDAQ:TGEN) by 14.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,371 shares of the construction company’s stock after purchasing an additional 7,222 shares during the period. BlackRock Inc. owned 0.23% of Tecogen worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Shares of NASDAQ:TGEN opened at $2.67 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. Tecogen Inc. has a 12 month low of $2.11 and a 12 month high of $4.20. The company has a 50-day moving average price of $2.51 and a 200 day moving average price of $3.18. The company has a market cap of $68.07 million, a price-to-earnings ratio of -66.75 and a beta of 0.21.

Tecogen (NASDAQ:TGEN) last announced its quarterly earnings results on Tuesday, August 13th. The construction company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Tecogen had a negative net margin of 25.86% and a negative return on equity of 4.28%. The firm had revenue of $7.87 million during the quarter, compared to the consensus estimate of $9.94 million. As a group, equities analysts forecast that Tecogen Inc. will post -0.01 EPS for the current year.

A number of brokerages recently commented on TGEN. Zacks Investment Research raised shares of Tecogen from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. ValuEngine downgraded shares of Tecogen from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, TheStreet downgraded shares of Tecogen from a “c-” rating to a “d+” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5.17.

Tecogen Company Profile

Tecogen Inc designs, manufactures, and sells industrial and commercial cogeneration systems that produce combinations of electricity, hot water, and air conditioning in the United States and internationally. It operates through two segments, Products and Services and Energy Production. The company offers InVerde e+, a cogeneration product that provides electricity and hot water; TECOGEN cogeneration systems for producing hot water; TECOCHILL air-conditioning and refrigeration chillers; and water heaters under the Ilios brand name, as well as emissions control technology under Ultera brand name.

Recommended Story: Insider Trading

Institutional Ownership by Quarter for Tecogen (NASDAQ:TGEN)

Receive News & Ratings for Tecogen Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tecogen and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts