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 opened today at $3.50.
Jang wrote:
“This morning, pre-open, Tecogen reported 1Q18 results with revenue of $10.2 million, above both our estimate and the consensus estimate, and operating EPS of $0.00, a penny below our, and the consensus estimate of $0.01.”
According to TipRanks.com, Jang is a 5-star analyst with an average return of 25.8% and a 51.4% 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.
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Tecogen’s market cap is currently $86.19M and has a P/E ratio of 1054.55. The company has a Price to Book ratio of 2.59.
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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.
