Tecogen Inc. (TGEN) Set to Announce Quarterly Earnings on Thursday
Tecogen Inc. (NASDAQ:TGEN) will be announcing its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Monday, August 14th. The construction company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Tecogen had a negative return on equity of 0.18% and a negative net margin of 0.13%. The company had revenue of $7.59 million for the quarter, compared to analysts’ expectations of $7.46 million. On average, analysts expect Tecogen to post $-0.07 EPS for the current fiscal year and $0.01 EPS for the next fiscal year.
A hedge fund recently bought a new stake in Tecogen stock. Vanguard Group Inc. purchased a new position in shares of Tecogen Inc. (NASDAQ:TGEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 352,617 shares of the construction company’s stock, valued at approximately $1,174,000. Vanguard Group Inc. owned 1.76% of Tecogen at the end of the most recent quarter. 9.06% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Tecogen from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. HC Wainwright set a $6.00 price objective on shares of Tecogen and gave the company a “buy” rating in a research note on Tuesday, August 15th. Finally, Maxim Group set a $6.00 price objective on shares of Tecogen and gave the company a “buy” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.81.
Tecogen Inc designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas.
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