In a recent transaction, John Hatsopoulos, a director at Tecogen Inc . (NASDAQ:OTC:TGEN), acquired additional shares of the company. Hatsopoulos purchased 1,000 shares of common stock at a price of $0.70 per share, totaling $700. This transaction was disclosed in a filing with the Securities and Exchange Commission dated April 9, 2024.
Tecogen Inc., known for its work in air conditioning and warm air heating equipment, as well as commercial and industrial refrigeration equipment, has seen its directors actively participating in the company's equity transactions, signaling their ongoing commitment to the company.
The purchase by Hatsopoulos has increased his direct ownership in the company to 871,485 shares. The acquisition at the stated price adds to the director's substantial stake and reflects a continued confidence in the firm's prospects.
Investors often monitor insider transactions such as these for insights into the sentiment of high-ranking officials within a company about the firm's financial health and future performance. Such transactions are public records and can provide valuable information to shareholders and potential investors.
Tecogen Inc. trades on the NASDAQ under the ticker symbol TGEN, and interested parties can find further details about the company's financial movements and stock performance through their regular disclosures and public filings.
InvestingPro Insights
Following the insider purchase by John Hatsopoulos, Tecogen Inc. (NASDAQ:TGEN) remains a topic of interest for investors considering the company's recent performance and market position. According to InvestingPro data, Tecogen has a market capitalization of $17.4 million and a P/E ratio that reflects its current challenges, standing at -3.78. The company's revenue growth over the last twelve months as of Q4 2023 was a modest 0.55%, with a more significant quarterly revenue growth in Q4 2023 at 30.16%.
Two InvestingPro Tips that may be particularly relevant in light of this insider activity are that analysts anticipate sales growth in the current year, which could be a positive signal for potential investors, and that the company's stock generally trades with high price volatility, which traders might use to their advantage. However, it's worth noting that analysts do not expect Tecogen to be profitable this year, and the company has not been profitable over the last twelve months.
For investors seeking a more comprehensive analysis, there are additional InvestingPro Tips available that delve deeper into Tecogen's financial health and market performance. Currently, there are six more tips listed on InvestingPro, which can be accessed by visiting: https://www.investing.com/pro/TGEN. Interested investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which could provide further valuable insights into Tecogen's potential.
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