Tecogen Inc. (NYSEAMERICAN:TGEN – Get Free Report) General Counsel John Kimball Iv Whiting bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of $2.38 per share, with a total value of $23,800.00. Following the transaction, the general counsel owned 22,612 shares of the company’s stock, valued at $53,816.56. This represents a 79.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Tecogen Trading Up 5.8%
Shares of Tecogen stock traded up $0.13 on Monday, reaching $2.36. 469,570 shares of the company were exchanged, compared to its average volume of 491,823. Tecogen Inc. has a one year low of $1.81 and a one year high of $12.07.
About Tecogen
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.
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