Somewhat Favorable News Coverage Somewhat Unlikely to Affect Tecogen (TGEN) Share Price

Press coverage about Tecogen (NASDAQ:TGEN) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tecogen earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 46.5003912037351 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of TGEN traded up $0.01 during mid-day trading on Monday, hitting $3.26. 11,000 shares of the company traded hands, compared to its average volume of 23,916. Tecogen has a one year low of $2.05 and a one year high of $4.20.

Tecogen (NASDAQ:TGEN) last released its quarterly earnings results on Tuesday, August 14th. The construction company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). Tecogen had a negative net margin of 1.17% and a negative return on equity of 1.31%. The company had revenue of $8.45 million for the quarter, compared to the consensus estimate of $10.19 million. equities analysts anticipate that Tecogen will post -0.02 EPS for the current fiscal year.

Several brokerages have weighed in on TGEN. Maxim Group decreased their price objective 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. Zacks Investment Research cut shares of Tecogen from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $6.00 price objective on shares of Tecogen in a research note on Wednesday, August 15th.

About Tecogen

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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