Tecogen Inc (OTCMKTS:TGEN) Stock Pulls Back After Q1 Results
May 16, 2022 |
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News
Clean energy products manufacturing leader Tecogen Inc (OTCMKTS:TGEN) saw its stock suffer from a bit of a selloff on Friday as it ended the day with a decline of 3%. Market Action On Friday, TGEN stock slid 3.23% to $1.20 with 4K shares, compared to its average volume of 3.7K shares. The stock moved within a range of $1.1600 – 1.2000 after opening trade at $1.16. Earnings Review As it happens, the company was actually in the news on Thursday after it announced its financial results for the first quarter that had ended on March 31, 2022. It may be a good time for investors to take a closer look at it and then figure out if the stock is going to be able to make a comeback any time soon. Tecogen generated revenues of as much as $7.4 million for the quarter and on top of that the net income during the same period …
