Key Points
- CAO Roger Deschenes bought 10,000 shares of Tecogen on March 20 at $2.23 per share for a total of $22,300, as disclosed in an SEC filing.
- Following the purchase he directly owns 52,962 shares, a 23.28% increase in his stake valued at roughly $118,105.
- Tecogen shares were up about 5.8%, trading near $2.36 with a 1‑year range of $1.81–$12.07; the company manufactures natural gas‑fueled combined heat and power systems and shows strong liquidity (current ratio 3.12, quick ratio 1.94).
Tecogen Inc. (NYSEAMERICAN:TGEN - Get Free Report) CAO Roger Deschenes bought 10,000 shares of the business's stock in a transaction on Friday, March 20th. The shares were acquired at an average cost of $2.23 per share, for a total transaction of $22,300.00. Following the purchase, the chief accounting officer directly owned 52,962 shares in the company, valued at $118,105.26. This represents a 23.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Tecogen Stock Up 5.8%
NYSEAMERICAN:TGEN opened at $2.36 on Tuesday. Tecogen Inc. has a 1 year low of $1.81 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.
Tecogen Company Profile
(
Get Free Report)
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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