New York State Common Retirement Fund Makes New $1.21 Million Investment in Tecogen Inc. $TGEN

New York State Common Retirement Fund bought a new stake in shares of Tecogen Inc. (OTCMKTS:TGEN) in the 3rd quarter, Holdings Channel reports. The firm bought 137,200 shares of the company’s stock, valued at approximately $1,209,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC bought a new stake in shares of Tecogen during the 2nd quarter worth approximately $971,000. Heron Bay Capital Management bought a new position in Tecogen in the 2nd quarter valued at $253,000. Corsair Capital Management L.P. purchased a new stake in Tecogen in the second quarter worth $461,000. Gamco Investors INC. ET AL bought a new stake in shares of Tecogen during the second quarter worth $286,000. Finally, Gendell Jeffrey L purchased a new stake in shares of Tecogen during the second quarter valued at $284,000.

Tecogen Trading Up 3.7%

OTCMKTS TGEN opened at $3.89 on Tuesday. The stock has a market cap of $116.10 million, a PE ratio of -18.52 and a beta of 1.31. Tecogen Inc. has a 12 month low of $1.55 and a 12 month high of $12.07. The company’s 50-day moving average price is $5.06 and its 200-day moving average price is $7.11. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.03.

Tecogen Company Profile

Tecogen Inc designs, manufactures and sells on‐site power generation and combined heat and power (CHP) systems for commercial, industrial and institutional markets. The company’s natural gas–fueled cogeneration units produce electricity while capturing and reusing waste heat for space and water heating, providing enhanced energy efficiency over traditional utility‐supplied electrical systems. Tecogen’s portfolio also includes ultra‐low NOx emission technologies, absorption chillers and ancillary equipment tailored to meet the specific demands of manufacturing facilities, hospitals, universities and other energy‐intensive customers.

Central to Tecogen’s product lineup is its InVerde e+ series of cogeneration modules, which integrate internally developed low‐emission combustion systems with advanced controls to optimize performance and reliability.