The New Wincrest Capital Ltd Holding in Tecogen Inc
Wincrest Capital Ltd filed with the SEC SC 13D form for Tecogen Inc. The form can be accessed here: 000091957416016882. As reported in Wincrest Capital Ltd’s form, the filler as of late owns 6.3% or 1,247,165 shares of the Industrials–company.
Tecogen Inc stake is a new one for the and it was filed because of activity on May 1, 2016. We feel this shows Wincrest Capital Ltd’s positive view for the stock.
Reasons Why Wincrest Capital Ltd Bought – Tecogen Inc Stock
Purpose of Transaction
The Reporting Persons have acquired their Shares of the Issuer for investment. The Reporting Persons evaluate their investment in the Shares on a continual basis. The Reporting Persons have no plans or proposals as of the date of this filing which, relate to, or would result in, any of the actions enumerated in Item 4 of the instructions to Schedule 13D.
The Reporting Persons reserve the right to be in contact with members of the Issuer’s management, the members of the Issuer’s Board of Directors, other significant shareholders and others regarding alternatives that the Issuer could employ to increase shareholder value.
The Reporting Persons reserve the right to effect transactions that would change the number of shares they may be deemed to beneficially own.
The Reporting Persons further reserve the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should it determine to do so, and/or to recommend courses of action to the Issuer’s management, the Issuer’s Board of Directors, the Issuer’s shareholders and others.
Tecogen Inc Institutional Sentiment
Latest Security and Exchange filings show 10 investors own Tecogen Inc. The institutional ownership in Q3 2015 is low, at 12.01% of the outstanding shares. This is decreased by 7670 the total institutional shares. 2396456 were the shares owned by these institutional investors. In total 0 funds opened new Tecogen Inc stakes, 1 increased stakes. There were 3 that closed positions and 4 reduced them.
Parsons Capital Management Inc is an institutional investor bullish on Tecogen Inc, owning 37500 shares as of Q3 2015 for 0.02% of its portfolio. Essex Investment Management Co Llc owns 60499 shares or 0.03% of its portfolio. NY Clear Harbor Asset Management Llc have 0.55% of their stock portfolio for 697765 shares. Further, Boston Research & Management Inc reported stake worth 0.05% of its US stock portfolio. The IL Bard Associates Inc owns 585700 shares. Tecogen Inc is 1.16% of the manager’s US portfolio.
Tecogen Inc. designs, manufactures, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Company is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. The Company manufactures over three types of CHP products, such as cogeneration units that supply electricity and hot water, chillers that provide air-conditioning and hot water, and water heaters. Its commercial product line includes the InVerde, InVerde e+ and TECOGEN cogeneration units; TECOCHILL chillers; Ilios high-efficiency water heaters, and Ultera emissions control technology. Its customers include hospitals and nursing homes, hotels and motels, office and retail buildings, and military installations. Its cogeneration systems and chillers use the engine, the TecoDrive 7400 model.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 1.56, from 0.44 in 2016Q1. The ratio improved, as 6 funds sold all Tecogen Inc shares owned while 3 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 2.38 million shares or 15.97% less from 2.84 million shares in 2016Q1.
Gamco Investors Et Al, a New York-based fund reported 49,300 shares. Royal Bancorp Of Canada last reported 0% of its portfolio in the stock. The New Jersey-based Blackrock Investment Mngmt Limited has invested 0% in Tecogen Inc (NASDAQ:TGEN). Focused Wealth Mgmt has 1 shares for 0% of their US portfolio. Bard Assoc has 1.55% invested in the company for 574,750 shares. Blackrock Fund Advsrs holds 14,384 shares or 0% of its portfolio. Bancorp Of America De accumulated 0% or 42 shares. Clear Harbor Asset Mngmt Ltd has 0.72% invested in the company for 649,273 shares.
Analysts await Tecogen Inc (NASDAQ:TGEN) to report earnings on March, 27.
The stock decreased 2.10% or $0.09 on November 25, hitting $4.19. About 451 shares traded hands. Tecogen Inc (NASDAQ:TGEN) has risen 4.90% since April 22, 2016 and is uptrending. It has underperformed by 0.51% the S&P500.
Tecogen Inc. designs, manufactures, sells and maintains cogeneration products, including combined heat and power , air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The company has a market cap of $85.38 million. The Firm is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. It currently has negative earnings. The Firm makes over three types of CHP products, such as cogeneration units that supply electricity and hot water, chillers that provide air-conditioning and hot water, and water heaters.
More notable recent Tecogen Inc (NASDAQ:TGEN) news were published by: Marketwatch.com which released: “Tecogen Inc.” on December 21, 2009, also Prnewswire.com with their article: “Tecogen Sells $1.4M Efficient Clean Energy System to Federal Prison” published on October 27, 2016, Quotes.Wsj.com published: “Tecogen Inc. TGEN (US: Nasdaq)” on February 12, 2011. More interesting news about Tecogen Inc (NASDAQ:TGEN) were released by: Prnewswire.com and their article: “Tecogen to Develop Cutting-Edge Ultera Emissions Technology for Fork Truck Market” published on October 18, 2016 as well as Prnewswire.com‘s news article titled: “Tecogen Announces First Sale of TEDOM Unit in U.S. via TTcogen JV” with publication date: August 03, 2016.
According to Zacks Investment Research, “Tecogen Inc. designs, manufactures, sells, and services systems that produce electricity, hot water, and air conditioning for commercial installations and buildings and industrial processes. The Company’s ultra-efficient products include cogeneration modules, which provide electricity and heat, and chillers, which provide air-conditioning and optional free hot water. Its products supply electrical power or mechanical power for cooling, as well as free engine heat that gets recovered and purposefully used at customer facilities. Tecogen Inc. is based in United States.”
TGEN Company Profile
Tecogen Inc., incorporated on October 15, 2000, designs, makes, sells and maintains cogeneration products, including combined heat and power (CHP), air conditioning systems and water heaters for residential, commercial, recreational and industrial use. The Firm is engaged in the business of manufacturing and supporting CHP products based on engines fueled by natural gas. The Firm makes over three types of CHP products, such as cogeneration units that supply electricity and hot water, including InVerde 100, InVerde e+, CM-75 and CM-60; chillers that provide air-conditioning and hot water offered under the TECOCHILL brand name, and Ilios branded water heaters.
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