Renaissance Technologies LLC Has $697,000 Stock Holdings in Tecogen Inc. $TGEN

Renaissance Technologies LLC lifted its position in Tecogen Inc. (OTCMKTS:TGEN) by 401.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,300 shares of the company’s stock after buying an additional 218,000 shares during the quarter. Renaissance Technologies LLC owned about 0.91% of Tecogen worth $697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TGEN. Bank of America Corp DE lifted its position in shares of Tecogen by 4,069.0% during the 3rd quarter. Bank of America Corp DE now owns 4,836 shares of the company’s stock worth $43,000 after purchasing an additional 4,720 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Tecogen in the 1st quarter valued at approximately $26,000. NewEdge Advisors LLC bought a new position in Tecogen in the 3rd quarter worth approximately $91,000. Dimensional Fund Advisors LP bought a new position in Tecogen in the 1st quarter worth approximately $29,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Tecogen during the fourth quarter worth approximately $58,000.

Wall Street Analysts Forecast Growth

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

Tecogen Stock Performance

Shares of TGEN opened at $3.65 on Monday. The stock’s 50-day moving average price is $4.43 and its 200 day moving average price is $4.17. 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 firm has a market capitalization of $109.20 million, a price-to-earnings ratio of -17.38 and a beta of 2.15. Tecogen Inc. has a 12-month low of $1.94 and a 12-month high of $12.07.

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.