Tecogen Stock Price, News & Analysis

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.

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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.

Tecogen Inc. (OTCQX:TGEN) has announced its upcoming earnings release schedule for the Full Year and Fourth Quarter 2024 financial results. The company will release its earnings report on Tuesday, March 18th, 2025.

The earnings press release and supplemental presentation will be accessible on Tecogen's website in the Investor Relations section. A conference call and webcast with senior management will be held on the same day at 9:30 AM Eastern Time.

Investors can participate via phone by dialing 877-407-7186 (US/Canada) or 201-689-8052 (International). A playback option will be available one hour after the call using Conference Call ID #13752231. The webcast will remain archived for 7 days following the call.

Tecogen Inc. (OTCQX:TGEN) has announced a strategic global partnership with Vertiv, a provider of critical digital infrastructure solutions. The collaboration will enable Vertiv to offer Tecogen's natural gas-powered chiller technology to data centers worldwide, addressing power constraints and supporting AI deployment at scale.

The partnership combines Tecogen's 40-year expertise in 24/7 cooling applications with Vertiv's established relationships in the data center industry. The initiative aims to help data centers overcome power limitations and optimize energy usage, particularly relevant as Artificial Intelligence drives increased power demands and cooling system requirements.

George Hannah, Sr Director of Chilled Water systems at Vertiv, and Abinand Rangesh, CEO at Tecogen, both emphasized the partnership's potential to deliver sustainable, cost-effective infrastructure solutions while enabling rapid scaling in the data center market.

Tecogen (OTCQX:TGEN) has secured orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast region. The orders were obtained through Tecogen's project developer relationships. CEO Abinand Rangesh noted that these orders were anticipated during the November investor call, fulfilling expectations to increase the company's backlog before year-end.

Tecogen (OTCQX:TGEN) has secured orders for twelve cogeneration systems for multiple buildings in the Northeast through their project developer relationships. The announcement comes amid rising power prices nationwide due to insufficient electrical capacity, with consumers facing year-on-year energy bill increases of 10% or more. CEO Abinand Rangesh highlighted cogeneration as an effective solution for reducing both energy expenses and greenhouse gas footprint.