According to Zacks, “Tecogen Inc. designs, manufactures, sells, and services systems that produce electricity, hot water, and air conditioning for commercial installations and buildings and industrial processes. The Company’s ultra-efficient products include cogeneration modules, which provide electricity and heat, and chillers, which provide air-conditioning and optional free hot water. Its products supply electrical power or mechanical power for cooling, as well as free engine heat that gets recovered and purposefully used at customer facilities. Tecogen Inc. is based in United States. “
A number of other equities research analysts have also recently weighed in on TGEN. ValuEngine upgraded Tecogen from a “hold” rating to a “buy” rating in a report on Friday, May 1st. HC Wainwright restated a “buy” rating and issued a $4.50 price target on shares of Tecogen in a report on Sunday, April 5th.
Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Thursday, May 14th. The construction company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $7.96 million during the quarter, compared to analyst estimates of $9.33 million. Tecogen had a negative return on equity of 11.23% and a negative net margin of 7.92%. Equities analysts forecast that Tecogen will post -0.11 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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