Tecogen Stock Price, News & Analysis

Tecogen Inc. (OTCQX: TGEN) plans to release its year-end 2021 financial results on March 10, 2022. The earnings press release and related materials will be accessible via the company’s website in the Investor Relations section. A conference call with senior management to discuss the financial performance will occur at 11:00 AM ET on the same day. The call will be available live and recorded for later playback, with specific dialing instructions provided for participants.

Tecogen Inc. (OTCQX:TGEN) provided a shareholder update highlighting its 2021 accomplishments and expectations for 2022. The company reported record quarterly revenue in Q4 2021, driven by a 15% increase in service contract revenues, totaling $11.6 million. Tecogen shipped 3,500 tons of chiller capacity and currently has a backlog worth $11.5 million. Anticipating strong growth in the controlled environment agriculture market, the firm aims to expand its product offerings. The launch of the new Tecochill Hybrid Drive system is expected later this year.

Tecogen (OTCQX: TGEN) announced an order for 8 InVerde e+® units to enhance a hotel’s power supply in New York City, collectively rated at one megawatt. The units will improve energy resiliency and leverage Tecogen's microgrid technology for efficient operation. Shipment is set for mid-2022, with the service provided from their Brooklyn facility, already servicing existing systems at the hotel. This development reflects an increasing partnership with the hotel, addressing its growing energy needs and aligning with Tecogen's focus on clean energy solutions.

Tecogen (OTCQX:TGEN) reported a net income of $1.5 million for Q3 2021, an improvement of $1.7 million from a net loss in 2020. Year-to-date net income reached $3.6 million, up by $5.7 million compared to a loss in the same period last year. Revenue for Q3 was $5.0 million, down 30.3% from 2020, attributed to lower product sales and installation activity. Despite a gross margin increase to 46.7%, operating expenses rose by 8.6%. A sales backlog of $11.4 million signals potential recovery in product sales as supply chain issues ease.

Tecogen (TGEN), a leader in clean energy solutions, announced an order for twelve InVerde e+® cogeneration units and three Tecochill® chillers for a controlled environment agriculture facility. This order will minimize electrical capacity needs by approximately 2.5 MW, enhancing the company's market position in CEA applications. Tecogen's technology not only supports operational cost savings but also contributes to greenhouse gas reductions. CEO Benjamin Locke noted the global CEA market is projected to reach $172 billion in five years, highlighting significant growth potential for Tecogen’s microgrid solutions.

Tecogen Inc. (TGEN) is set to release its third-quarter financial results on November 11, 2021. The earnings press release and supplemental materials will be accessible on their website. Senior management will hold a conference call at 11:00 AM ET the same day to discuss the financial performance. Interested participants can join via telephone or webcast, with playback options available post-call. Tecogen, with over 35 years in the business, focuses on high-efficiency cogeneration products, aiming to reduce carbon footprints for various applications.

Tecogen (OTCQX: TGEN), a clean energy firm, will present at the 2021 LD MicroCap Investor Conference in Los Angeles on October 12, 2021, at 12:00 PM PT. CEO Benjamin Locke will host both in-person and virtual sessions, discussing the Company's innovative energy solutions aimed at reducing costs, greenhouse gas emissions, and alleviating power grid congestion. This marks the first in-person LD Micro event in nearly two years, highlighting the increasing focus on clean energy technologies. Conference registration is available online.

Tecogen (OTCQX: TGEN) has announced an order for three 400-ton Tecochill chillers for a cannabis cultivation facility in Massachusetts. This marks the 23rd facility to adopt Tecochill, which helps eliminate the need for about 750 kW of electric capacity compared to electric chillers. With the growing demand for cooling solutions, Tecogen's products allow cannabis growers to focus electrical resources on other essential operations, avoiding costly upgrades. Over 7.5 megawatts of clean cooling have been sold to similar facilities, promoting economic and environmentally friendly practices.

Tecogen Inc. (OTCQX: TGEN), a leader in clean energy solutions, will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Benjamin Locke and CFO Abinand Rangesh will lead the presentation, available from 7:00 AM ET on September 13. Registered investors can also engage in one-on-one meetings with the management team. With over 35 years in business, Tecogen specializes in high-efficiency cogeneration products, aiming to significantly reduce carbon footprints and criteria pollutants.