What Next for Tecogen Inc. (TGEN) After Forming Double Bottom Pattern?

January 26, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.75 in Q3 2017. Its down 2.75, from 4.5 in 2017Q2. It fall, as 1 investors sold Tecogen Inc. shares while 3 reduced holdings. 4 funds opened positions while 3 raised stakes. 2.44 million shares or 45.48% less from 4.48 million shares in 2017Q2 were reported.
Gamco Investors Incorporated Et Al holds 0% or 67,760 shares in its portfolio. Vanguard Gru owns 0% invested in Tecogen Inc. (NASDAQ:TGEN) for 352,617 shares. Virtu Ltd Co holds 0% or 22,797 shares in its portfolio. Manufacturers Life The has invested 0% in Tecogen Inc. (NASDAQ:TGEN). Herald Mgmt reported 210,526 shares. Ledyard Fincl Bank accumulated 2,356 shares or 0% of the stock. The New York-based Clear Harbor Asset Mgmt Limited Liability Co has invested 0.42% in Tecogen Inc. (NASDAQ:TGEN). Banque Pictet & Cie Sa holds 0.03% of its portfolio in Tecogen Inc. (NASDAQ:TGEN) for 450,000 shares. Morgan Stanley holds 0% of its portfolio in Tecogen Inc. (NASDAQ:TGEN) for 101 shares. Parsons Management Inc Ri stated it has 37,467 shares or 0.01% of all its holdings. Blackrock holds 0% or 43,574 shares in its portfolio. Royal Bank & Trust Of Canada accumulated 0% or 10 shares. Bard Assocs reported 0.86% of its portfolio in Tecogen Inc. (NASDAQ:TGEN).

The chart of Tecogen Inc. (TGEN) shows a double bottom with $2.24 target or 4.00 % below today’s $2.33 share price. The 6 months chart pattern indicates high risk for the $57.61M company. It was reported on Jan, 26 by Finviz.com. If the $2.24 price target is reached, the company will be worth $2.30 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 5.28% or $0.13 during the last trading session, reaching $2.33. About 3,548 shares traded. Tecogen Inc. (NASDAQ:TGEN) has declined 4.09% since January 26, 2017 and is downtrending. It has underperformed by 20.79% the S&P500.

Tecogen Inc. (NASDAQ:TGEN) Ratings Coverage

Among 3 analysts covering Tecogen (NASDAQ:TGEN), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Tecogen has $6 highest and $6.0 lowest target. $6’s average target is 157.51% above currents $2.33 stock price. Tecogen had 6 analyst reports since October 4, 2016 according to SRatingsIntel. The rating was initiated by Rodman & Renshaw with “Buy” on Tuesday, October 4. H.C. Wainwright maintained Tecogen Inc. (NASDAQ:TGEN) on Tuesday, August 15 with “Buy” rating. Maxim Group maintained it with “Buy” rating and $600 target in Wednesday, June 7 report. The rating was maintained by Maxim Group on Monday, August 14 with “Buy”. The stock of Tecogen Inc. (NASDAQ:TGEN) has “Buy” rating given on Friday, November 10 by Maxim Group. The company was maintained on Monday, December 18 by Maxim Group.

More notable recent Tecogen Inc. (NASDAQ:TGEN) news were published by: Seekingalpha.com which released: “Tecogen: Another Profitable Quarter But Margin Woes Remain – An Overview” on November 10, 2017, also Streetinsider.com with their article: “Form 8-K TECOGEN INC. For: Jan 08” published on January 08, 2018, Streetinsider.com published: “Tecogen (TGEN) Announces Retirement of Co-CEO and Board Member John Hatsopoulos” on December 29, 2017. More interesting news about Tecogen Inc. (NASDAQ:TGEN) were released by: Streetinsider.com and their article: “Tecogen (TGEN) Enters Agreement to Acquire DG Energy (ADGE)” published on November 02, 2016 as well as Streetinsider.com‘s news article titled: “Form 8-K TECOGEN INC. For: Jan 09” with publication date: January 09, 2018.

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