Tecogen Stock Price, News & Analysis

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.

Tecogen (OTCQX:TGEN) has received orders for seven 400-ton DTX chillers for the Las Vegas Convention Center. The chillers are part of a modernization project for the center's Central Cooling Plant. The natural gas chillers will help reduce expensive peak-time electricity charges during conventions when energy and cooling loads spike. The installation is scheduled for 2025 and includes a comprehensive 10-year service contract. Tecogen will establish a new service center in Las Vegas, which the company expects to catalyze additional projects in Nevada.

Tecogen Inc. (OTCQX:TGEN) reported Q3 2024 financial results with revenues of $5.63 million, down 20.8% from $7.11 million in Q3 2023. The company posted a net loss of $0.93 million, compared to a $0.48 million loss in the same period last year. The decrease in revenue was primarily due to manufacturing operations relocation in April 2024. The company's backlog increased to $10.8 million, with cash balance at $1.28 million, supported by $1.0 million additional funding from related parties. Tecogen expects sequential revenue growth and is progressing towards its first data center projects by early 2025.

Tecogen (OTCQX:TGEN) has announced its Q3 2024 earnings release and conference call schedule. The company will release financial results on Thursday, November 14th, with a conference call and webcast at 9:30 AM Eastern Time on the same day. The earnings release and supplemental slides will be available on Tecogen's website. Investors can access the call 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 #13672659.

Tecogen Inc. (OTCQX:TGEN) reported Q2 2024 results with revenues of $4.7 million and a net loss of $1.5 million, compared to revenues of $6.7 million and a net loss of $0.8 million in Q2 2023. The company generated $0.1 million in cash from operations during H1 2024. Key points:

- EPS for Q2 2024 was $(0.06)/share vs $(0.03)/share in Q2 2023
- Products revenue decreased 95.1% due to manufacturing relocation
- Service revenue increased 4.4% to $4.1 million
- Energy Production revenue increased 37.5% to $482,000
- Gross margin improved to 44.0% from 42.0% in Q2 2023
- Adjusted EBITDA was negative $1.3 million for Q2 2024

CEO Abinand Rangesh expressed optimism about new markets and potential product orders in Q3 2024.