Key Points
- Insider purchase: Director Ahmed Ghoniem bought 12,723 Tecogen shares on April 24 at $0.79 each (total ~$10,051), a transaction disclosed in an SEC filing.
- Company snapshot: Tecogen is currently unprofitable (quarterly EPS -$0.13, negative net margin 30.47%, negative ROE 43.75%), the stock trades around $4.24 with a 52‑week range of $1.94–$12.07, and analysts have a consensus Buy rating with a $5.25 average target.
Tecogen Inc. (NYSEAMERICAN:TGEN - Get Free Report) Director Ahmed Ghoniem bought 12,723 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $0.79 per share, with a total value of $10,051.17. Following the acquisition, the director directly owned 12,723 shares of the company's stock, valued at approximately $10,051.17. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Tecogen Stock Down 1.2%
Tecogen stock opened at $4.24 on Tuesday. Tecogen Inc. has a 52 week low of $1.94 and a 52 week high of $12.07. The stock has a market cap of $126.82 million, a P/E ratio of -14.62 and a beta of 1.46. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.12 and a quick ratio of 1.94.
Tecogen (NYSEAMERICAN:TGEN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter. Tecogen had a negative net margin of 30.47% and a negative return on equity of 43.75%. The company had revenue of $5.32 million during the quarter. Research analysts anticipate that Tecogen Inc. will post -0.27 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Craig Hallum assumed coverage on Tecogen in a report on Monday, April 13th. They issued a "buy" rating and a $6.00 price target for the company. Northland Securities assumed coverage on Tecogen in a report on Thursday, April 2nd. They issued an "outperform" rating and a $4.50 price target for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $5.25.
Read Our Latest Report on TGEN
About Tecogen
(
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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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