Trade Report: The Tecogen Inc. (TGEN) Receives New Coverage from Analysts at Rodman & Renshaw

The Tecogen Inc. (TGEN) Receives New Coverage from Analysts at Rodman & Renshaw

Rodman & Renshaw initiated coverage on shares of Tecogen Inc. (NASDAQ:TGEN) in a research note released on Tuesday. The brokerage issued a buy rating and a $6.00 price target on the stock.

Tecogen (NASDAQ:TGEN) opened at 4.38 on Tuesday. The company’s market capitalization is $86.88 million. Tecogen has a 1-year low of $2.46 and a 1-year high of $6.50. The company has a 50-day moving average of $4.38 and a 200-day moving average of $4.53.

Tecogen (NASDAQ:TGEN) last announced its quarterly earnings results on Wednesday, August 10th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company earned $5.69 million during the quarter, compared to the consensus estimate of $6.38 million. Tecogen had a negative net margin of 15.50% and a negative return on equity of 26.97%. Equities analysts expect that Tecogen will post ($0.08) EPS for the current fiscal year.

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