Tecogen Receives a Buy from H.C. Wainwright

By Carrie Williams

H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Tecogen (NASDAQ: TGEN) today and set a price target of $6. The company’s shares closed yesterday at $3.30, close to its 52-week high of $5.03.

According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -15.8% and a 20.4% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Revolution Lighting Technologies, Ascent Solar Technologies, and Ballard Power Systems.

Currently, the analyst consensus on Tecogen is Moderate Buy and the average price target is $6, representing an 81.8% upside.

In a report released yesterday, Maxim Group also reiterated a Buy rating on the stock with a $6 price target.

The company has a one year high of $5.03 and a one year low of $3.04. Currently, Tecogen has an average volume of 30.39K.

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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.