Tecogen Stock Price, News & Analysis

Tecogen (NYSE American:TGEN) has successfully closed its underwritten public offering of 3,985,000 shares of common stock at $5.00 per share, including the full exercise of the underwriter's option for an additional 485,000 shares. The offering generated gross proceeds of approximately $19.9 million.

The company plans to utilize the net proceeds for product development, expanding sales and marketing efforts, hiring additional personnel, and capital expenditures, with a particular focus on expansion into the data center market. Roth Capital Partners LLC served as the sole manager and underwriter for the offering.

Tecogen (NYSE American:TGEN) has announced the pricing of its underwritten public offering of 3.5 million shares of common stock at $5 per share, expecting to raise gross proceeds of approximately $17.5 million. The offering is set to close around July 21, 2025, with underwriters having a 45-day option to purchase up to 485,000 additional shares.

Roth Capital Partners is serving as the sole manager for this offering. The company plans to use the proceeds for product development, sales and marketing expansion, human resources, capital expenditures, and its planned expansion into the data center market, along with general working capital purposes.

Tecogen Inc. (NYSE American: TGEN), a clean energy products manufacturer, announced its participation in the upcoming 15th Annual Roth Conference in London from June 24-26, 2025. CEO Abinand Rangesh will be available for one-on-one meetings with investors during the event. Interested investors can schedule meetings through their Roth representative or by contacting Tecogen's investor relations via email.

Tecogen (NYSE American: TGEN) announced that CEO Abinand Rangesh will participate in Semco Capital's 6th Annual CEO Event in Chicago on June 2, 2025. The event, scheduled from 1-9 p.m. CT, will feature Dr. Rangesh in a fireside chat hosted by Scott Weis of Semco Capital. The event focuses on showcasing microcap companies with strong management teams and growth potential. Interested investors can contact Scott Weis for attendance information.

Tecogen (NYSE American: TGEN) reported its Q1 2025 financial results, showing improved performance across key metrics. The company achieved revenues of $7.28 million, up 17.6% from $6.19 million in Q1 2024. The net loss decreased to $0.66 million ($0.03/share) from $1.10 million ($0.04/share) in the previous year. Gross margin improved to 44.3% from 41.6%. Products revenue saw significant growth of 69.9% to $2.53 million, while Services revenue increased 5.7% to $4.25 million. Energy Production revenue declined 26.7% to $0.50 million. The company's adjusted EBITDA loss narrowed to $0.38 million from $0.90 million. Operating expenses increased 5.2% to $3.82 million due to increased payroll, benefits, and recruitment costs. The company recently uplisted to NYSE American to enhance stock liquidity and visibility.

Tecogen Inc. (NYSE American:TGEN) has announced it will release its Q1 2025 financial results on Monday, May 12th, 2025 after market close. The company will host a conference call and webcast to discuss the quarterly results on May 13th at 9:30 AM Eastern Time.

Investors can access the conference call by dialing 877-407-7186 (US/Canada) or 201-689-8052 (International). A webcast replay will be available for 7 days following the call, and a telephone playback can be accessed using Access ID #13752231.

Tecogen has achieved a significant milestone with its approval to uplist from the OTCQX Best Market to the NYSE American stock exchange. The clean energy products manufacturer will maintain its current trading symbol "TGEN" when it begins trading on the NYSE American on May 6th, 2025.

The company will continue trading on the OTCQX until market close on May 5th, 2025. Current stockholders are not required to take any action regarding this transition. CEO Abinand Rangesh highlighted that this uplisting is expected to provide three key benefits:

• Enhanced visibility in the market
• Expanded investor base
• Improved share liquidity for current and future stockholders

Tecogen Inc. (OTCQX:TGEN) reported Q4 2024 financial results with revenues of $6.08 million, up 3.0% from $5.90 million in Q4 2023. The company posted a net loss of $1.19 million, improved from $1.85 million loss in the same period last year.

Key highlights include:

• Gross margin increased to 45.0% in Q4 2024 from 39.8% in Q4 2023
• Cash balance of $5.41 million as of December 31, 2024
• Operating expenses decreased by 7.0% to $3.87 million
• Services revenue grew 13.7% to $4.08 million

The company announced a global partnership with Vertiv and secured an InVerde project with a Connecticut data center. Full-year 2024 results showed total revenue of $22.62 million, down 10.0% from 2023, primarily due to manufacturing facility relocation impact in Q2-Q3 2024.

Tecogen Inc. (OTCQX:TGEN) has announced the sale of an InVerde unit to a cloud storage data center in Connecticut. The data center selected Tecogen's solution after evaluating various alternatives including fuel cells and microturbines, primarily due to its superior return on investment (ROI).

The decision was driven by the need to control operating expenses amid rising utility rates. CEO Abinand Rangesh highlighted this sale as validation of their product's value proposition for data centers, expressing confidence in future adoption by both existing and new facilities facing electrical capacity constraints and increasing energy costs.