Tecogen Receives a Buy from Maxim Group

By Carrie Williams

In a report released today, James Jang from Maxim Group reiterated a Buy rating on Tecogen (NASDAQ: TGEN), with a price target of $6. The company’s shares closed yesterday at $3.47.

Jang commented:

“Tecogen is a leading cogeneration (CHP) manufacturer with patented energy savings systems for smaller industrial and commercial applications.”

According to TipRanks.com, Jang is a 1-star analyst with an average return of -8.0% and a 28.6% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP , Nordic American Tanker, and Navigator Holdings.

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

The company has a one year high of $5.20 and a one year low of $3.04. Currently, Tecogen has an average volume of 13.84K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.