Maxim Group Thinks Tecogen’s Stock is Going to Recover

By Austin Angelo

Maxim Group analyst James Jang maintained a Buy rating on Tecogen (NASDAQ: TGEN) today and set a price target of $6. The company’s shares opened today at $3, close to its 52-week low of $2.90.

According to TipRanks.com, Jang is a 3-star analyst with an average return of 5.7% and a 60.5% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Nordic American Tanker, and Eagle Bulk Shipping.

Tecogen has an analyst consensus of Moderate Buy, with a price target consensus of $6.

Based on Tecogen’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $7.59 million and GAAP net loss of $293.5K. In comparison, last year the company earned revenue of $6.62 million and had a net profit of $207.9K.

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Tecogen, Inc. engages in the design, manufacture, marketing, and maintenance of cogeneration and combined heat and power products. The firm offers its products under the InVerde, TECOCHILL and Ilios brands. The company was founded by George N. Hatsopoulos and John N. Hatsopoulos on September 15, 2000 and is headquartered in Waltham, MA.