Tecogen (NASDAQ:TGEN) is scheduled to be releasing its earnings data before the market opens on Tuesday, May 14th.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings data on Thursday, March 28th. The construction company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.19). The firm had revenue of $9.32 million for the quarter, compared to the consensus estimate of $11.51 million. Tecogen had a negative net margin of 15.91% and a negative return on equity of 3.57%. On average, analysts expect Tecogen to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ:TGEN traded down $0.13 on Friday, reaching $3.43. 19,247 shares of the stock traded hands, compared to its average volume of 3,277. The firm has a market cap of $88.43 million, a P/E ratio of -85.75 and a beta of 0.09. Tecogen has a 12 month low of $2.94 and a 12 month high of $4.20.
A number of research firms have weighed in on TGEN. Zacks Investment Research upgraded shares of Tecogen from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Tuesday, April 2nd. Maxim Group restated a “buy” rating and set a $5.00 price objective on shares of Tecogen in a research note on Thursday, March 28th. Finally, HC Wainwright restated a “buy” rating and set a $6.00 price objective on shares of Tecogen in a research note on Monday, January 14th.
A hedge fund recently raised its stake in Tecogen stock. Dimensional Fund Advisors LP increased its holdings in Tecogen Inc. (NASDAQ:TGEN) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,549 shares of the construction company’s stock after buying an additional 3,700 shares during the quarter. Dimensional Fund Advisors LP owned 0.22% of Tecogen worth $198,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.12% of the company’s stock.
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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.
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