H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Tecogen (TGEN) 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.
See today’s analyst top recommended stocks >>
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.
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. 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.
