Tecogen (NYSEAMERICAN:TGEN) Announces Earnings Results

Tecogen (NYSEAMERICAN:TGEN) released its quarterly earnings data on Wednesday. The company reported ($0.07) earnings per share for the quarter, FiscalAI reports. Tecogen had a negative return on equity of 45.67% and a negative net margin of 37.15%.The business had revenue of $5.75 million for the quarter.

Tecogen Price Performance

Shares of NYSEAMERICAN:TGEN traded down $0.05 during midday trading on Wednesday, hitting $4.01. 169,083 shares of the company’s stock were exchanged, compared to its average volume of 441,959. The company has a current ratio of 3.02, a quick ratio of 1.72 and a debt-to-equity ratio of 0.06. Tecogen has a 12 month low of $1.94 and a 12 month high of $12.07. The stock has a market cap of $119.98 million, a P/E ratio of -12.15 and a beta of 2.15. The business’s 50 day moving average price is $4.58.

Tecogen Company Profile

Tecogen Inc is a developer and manufacturer of commercial and industrial distributed energy equipment that uses natural gas-fueled internal combustion engine technology to produce heat and power. The company’s product suite centers on combined heat and power (CHP) systems that recover waste heat from on-site power generation to provide space and water heating and, in some configurations, cooling. Tecogen’s offerings are designed to improve on-site energy efficiency while reducing operating costs and emissions relative to separate purchases of electricity and fuel.

In addition to CHP units, Tecogen provides auxiliary equipment and services that support distributed generation installations, including heat recovery components, controls and monitoring systems, emissions reduction technologies, and aftermarket parts and maintenance.