News stories about Tecogen (NASDAQ:TGEN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tecogen earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the construction company an impact score of 46.2389213639294 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $6.00 price target on shares of Tecogen in a research note on Wednesday, August 15th. Maxim Group lowered their price target on shares of Tecogen from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, August 15th. Finally, Zacks Investment Research raised shares of Tecogen from a “sell” rating to a “hold” rating in a research note on Wednesday, May 23rd.
Shares of NASDAQ:TGEN traded up $0.04 on Thursday, reaching $3.09. 11,500 shares of the company were exchanged, compared to its average volume of 23,455. Tecogen has a 1-year low of $2.05 and a 1-year high of $4.20.
Tecogen (NASDAQ:TGEN) last posted its quarterly earnings results on Tuesday, August 14th. The construction company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). Tecogen had a negative return on equity of 1.31% and a negative net margin of 1.17%. The company had revenue of $8.45 million for the quarter, compared to analyst estimates of $10.19 million. equities research analysts expect that Tecogen will post -0.02 earnings per share for the current fiscal year.
Tecogen Company Profile
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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