H.C. Wainwright Sticks to Their Buy Rating for Tecogen

H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Tecogen (NASDAQ: TGEN) today and set a price target of $6. The company’s shares closed yesterday at $3.58.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -0.1% and a 40.4% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.

Currently, the analyst consensus on Tecogen is Moderate Buy and the average price target is $6, representing a 67.6% upside.

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

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The company has a one-year high of $4.17 and a one-year low of $2.05. Currently, Tecogen has an average volume of 32.08K.

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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.