Tecogen Inc (TGEN) was Initiated by Rodman & Renshaw to “Buy” and the brokerage firm has set the Price Target at $6. Rodman & Renshaw advised their investors in a research report released on Oct 4, 2016.
Tecogen Inc opened for trading at $4.1 and hit $4.21 on the upside on Friday, eventually ending the session at $4.16, with a gain of 1.46% or 0.0599 points. The heightened volatility saw the trading volume jump to 4,280 shares. Company has a market cap of $83 M.
In a different news, on Jun 1, 2015, David A Garrison (CFO) purchased 1,500 shares at $4.31 per share price.
Tecogen Inc. designs manufactures sells and services systems that produce electricity hot water and air conditioning for commercial installations and buildings and industrial processes. The Company manufactures three types of combined heat and power (CHP) products: cogeneration units that supply electricity and hot water; chillers that provide air-conditioning and hot water and water heaters. Its commercial product line includes the InVerde and TECOGEN cogeneration units; TECOCHILL chillers; Ilios water heaters and Ultra low-emissions technology. Its customers include hospitals and nursing homes colleges and universities health clubs and spas hotels and motels office and retail buildings food and beverage processors multi-unit residential buildings laundries ice rinks swimming pools factories municipal buildings and military installations. It has factory-owned service centers in California New York Massachusetts Connecticut New Jersey and Michigan.