Tecogen (TGEN) Gets a Buy Rating from H.C. Wainwright

By Ryan Adsit

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Tecogen (TGENResearch Report) today and set a price target of $6. The company’s shares closed on Friday at $3.62.

Dayal observed:

“Our $6.00 price target for the company is derived using a DCF analysis. For our analysis, we have projected total revenues to increase from an estimated $38.1M in 2018 to $130.2M in 2025, growing at a seven-year CAGR of 19.2%.”

According to TipRanks.com, Dayal is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.0% and a 33.7% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.

Currently, the analyst consensus on Tecogen is a Moderate Buy with an average price target of $5.50.

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Based on Tecogen’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $603K. In comparison, last year the company had a net profit of $269K.

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Tecogen, Inc. engages in the design, manufacture, marketing, and maintenance of cogeneration and combined heat and power products. It operates through the Products and Services; and Energy Production segments. The Products and Services segment designs, manufactures, and retails industrial and commercial cogeneration systems.