Tecogen (OTCMKTS:TGEN) Trading Down 6.9% – What’s Next?

Tecogen Inc. (OTCMKTS:TGEN)’s share price traded down 6.9% during mid-day trading on Tuesday . The stock traded as low as $5.30 and last traded at $5.67. 610,947 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 527,683 shares. The stock had previously closed at $6.09.

Wall Street Analyst Weigh In

Separately, Northland Securities set a $7.50 price target on Tecogen in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Tecogen Stock Performance

The company has a quick ratio of 0.70, a current ratio of 1.53 and a debt-to-equity ratio of 0.03. The stock has a market cap of $169.64 million, a P/E ratio of -27.00 and a beta of 2.09. The stock has a fifty day simple moving average of $4.73 and a 200-day simple moving average of $4.58.

Hedge Funds Weigh In On Tecogen

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGEN. Geode Capital Management LLC bought a new position in Tecogen during the second quarter worth about $971,000. Gamco Investors INC. ET AL bought a new position in Tecogen during the second quarter worth about $286,000. New York State Common Retirement Fund bought a new position in Tecogen during the third quarter worth about $1,209,000. J.W. Cole Advisors Inc. bought a new position in Tecogen during the third quarter worth about $277,000. Finally, Herald Investment Management Ltd boosted its holdings in Tecogen by 38.9% during the third quarter. Herald Investment Management Ltd now owns 446,078 shares of the company’s stock worth $3,899,000 after buying an additional 125,000 shares during the last quarter.

About Tecogen

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.