American DG Energy Inc(NYSEMKT:ADGE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.02.
American DG Energy Inc (ADGE) shares turned negative on Fridays trading session with the shares closing down -0.0262 points or -8.29% at a volume of 22,679. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.3199. The peak price level was also seen at $0.3199 while the days lowest was $0.29. Finally the shares closed at $0.29. The 52-week high of the shares is $0.65 while the 52-week low is $0.22. According to the latest information available, the market cap of the company is $15 M.
Several Insider Transactions has been reported to the SEC. On Dec 10, 2015, Charlest Maxwell (director) purchased 2,068 shares at $0.50 per share price.Also, On Dec 10, 2015, John W Rowe (director) purchased 13,487 shares at $0.50 per share price.On Dec 10, 2015, John Hatsopoulos (CEO) purchased 42,507 shares at $0.50 per share price, according to the Form-4 filing with the securities and exchange commission.
American DG Energy Inc. distributes owns and operates clean onsite energy systems that produce electricity hot water heat and cooling. The Company offers natural gas powered cogeneration systems which produce electricity from an internal combustion engine driving a generator while the heat from the engine and exhaust is recovered and typically used to produce heat and hot water for use at the site. It also distributes and operates water chiller systems for building cooling applications. The Company provides a range of combined heat and power systems (CHP) products and energy options. It also offers a turnkey option whereby it provides equipment systems engineering installation interconnect approvals onsite labor and startup services needed to bring the CHP system online. It offers cogeneration units sized to produce 75 kilowatts to 100 kilowatts of electricity water chillers sized to produce 200 to 400 tons of cooling and heating products such as water heaters.