Tecogen Inc. (NASDAQ:TGEN) was downgraded by equities researchers at TheStreet from a “c-” rating to a “d+” rating in a research note issued to investors on Friday, November 10th.

A number of other research firms have also commented on TGEN. Zacks Investment Research lowered Tecogen from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. HC Wainwright set a $6.00 price target on Tecogen and gave the company a “buy” rating in a research report on Tuesday, August 15th. Finally, Maxim Group set a $6.00 price target on Tecogen and gave the company a “buy” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Tecogen presently has an average rating of “Buy” and an average target price of $13.69.

Shares of Tecogen (NASDAQ TGEN) traded down $0.09 during trading hours on Friday, hitting $2.43. The stock had a trading volume of 18,742 shares, compared to its average volume of 25,008. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.09. Tecogen has a one year low of $2.20 and a one year high of $4.35.

Tecogen (NASDAQ:TGEN) last issued its earnings results on Thursday, November 9th. The construction company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.03. Tecogen had a negative return on equity of 0.90% and a negative net margin of 0.72%. The company had revenue of $8.50 million for the quarter, compared to analyst estimates of $9.29 million. equities analysts predict that Tecogen will post -0.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGEN. Vanguard Group Inc. purchased a new stake in Tecogen in the 2nd quarter valued at $1,174,000. Gamco Investors INC. ET AL raised its position in Tecogen by 61.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 67,760 shares of the construction company’s stock valued at $226,000 after buying an additional 25,760 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in Tecogen by 2.3% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 671,257 shares of the construction company’s stock valued at $2,195,000 after buying an additional 14,959 shares during the last quarter. Finally, Bard Associates Inc. raised its position in Tecogen by 0.7% in the 2nd quarter. Bard Associates Inc. now owns 579,650 shares of the construction company’s stock valued at $1,930,000 after buying an additional 4,200 shares during the last quarter. 9.86% of the stock is owned by institutional investors and hedge funds.

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Tecogen Company Profile

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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