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Tecogen (TGEN)
OTHER OTC:TGEN
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Tecogen
(OTC:TGEN)
53Neutral
Tecogen (TGEN) vs. S&P 500 (SPY)
Market Cap
$66.96M
Dividend YieldN/A
Average Volume (3M)112.66K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-10.02%
EPS Growth-3.51%
CountryUS
Employees91
SectorIndustrials
Sector Strength78
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.19
Shares Outstanding24,985,262
10 Day Avg. Volume206,846
30 Day Avg. Volume112,664
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.52
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.40
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Tecogen Business Overview & Revenue Model
Company DescriptionTecogen Inc. (TGEN) is a leading company in the clean energy sector, specializing in the design, manufacturing, and installation of high-efficiency, ultra-clean combined heat and power (CHP) products. The company's core products include cogeneration systems, chillers, and heat pumps, which are primarily utilized in commercial, industrial, and municipal sectors. Tecogen's innovative technologies are designed to reduce energy costs and minimize environmental impact, making them an attractive choice for organizations seeking sustainable energy solutions.
How the Company Makes MoneyTecogen generates revenue through the sale and installation of its energy-efficient products, including cogeneration systems, chillers, and heat pumps. The company also derives income from long-term maintenance service contracts, ensuring optimal performance and longevity of its products. Additionally, Tecogen benefits from government incentives and regulations that promote the adoption of clean energy technologies. Partnerships with utility companies and other entities further enhance Tecogen's market reach and contribute to its revenue streams.
Tecogen Financial Statement Overview
Summary
Tecogen faces financial challenges with declining revenues and persistent net losses impacting profitability. Despite a reasonable debt-to-equity ratio, negative free cash flow and equity returns suggest the need for strategic improvements.Income Statement
Tecogen's TTM revenue of $22.44M shows a decline compared to $25.14M in 2023. The gross profit margin stands at 42.27%, indicating a fair ability to cover production costs, though the negative net profit margin of -24.00% and declining revenue growth point to profitability challenges. EBIT and EBITDA margins are also negative, highlighting operating inefficiencies.42
Neutral
Balance Sheet
The company's debt-to-equity ratio of 0.34 indicates a manageable debt level relative to equity. However, the decreased equity ratio of 41.14% reflects a reduced buffer against liabilities. A negative ROE of -47.65% in the TTM suggests significant challenges in generating returns on equity.50
Neutral
Cash Flow
Tecogen's operating cash flow to net income ratio is positive at 0.01, but free cash flow remains negative, indicating cash generation issues. The free cash flow growth rate shows some improvement from the previous period, but it remains negative, highlighting ongoing liquidity challenges.38
Negative
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 25.14M | 25.00M | 24.40M | 28.25M | 33.43M | Gross Profit |
| 10.20M | 11.07M | 11.59M | 10.83M | 12.48M | EBIT |
| -4.41M | -2.39M | 53.84K | -2.84M | -2.05M | EBITDA |
| -3.85M | -1.94M | 4.24M | -5.65M | -4.24M | Net Income Common Stockholders |
| -4.60M | -2.40M | 3.70M | -6.22M | -4.79M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.35M | 1.91M | 3.61M | 1.49M | 877.68K | Total Assets |
| 27.79M | 28.25M | 32.36M | 30.07M | 41.12M | Total Debt |
| 1.48M | 1.31M | 1.96M | 3.60M | 4.58M | Net Debt |
| 127.02K | -602.93K | -1.66M | 2.11M | 3.70M | Total Liabilities |
| 13.14M | 9.27M | 11.23M | 12.81M | 17.76M | Stockholders Equity |
| 14.75M | 19.09M | 21.21M | 17.31M | 23.27M |
| Cash Flow | Free Cash Flow | |||
| -870.17K | -1.70M | 310.49K | 1.22M | -4.69M | Operating Cash Flow |
| -823.32K | -1.35M | 465.03K | 1.41M | -4.48M | Investing Cash Flow |
| -244.89K | -348.56K | -215.06K | -217.76K | 4.71M | Financing Cash Flow |
| 505.50K | -76.84K | 1.87M | -576.93K | 298.39K |
Tecogen Technical Analysis
Positive
2.68
Price Trends
2.16
Positive
2.20
Positive
1.54
Positive
Market Momentum
0.10
Negative
68.14
Neutral
93.38
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TGEN, the sentiment is Positive. The current price of 2.68 is above the 20-day moving average (MA) of 2.07, above the 50-day MA of 2.16, and above the 200-day MA of 1.54, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 68.14 is Neutral, neither overbought nor oversold. The STOCH value of 93.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TGEN.
Tecogen Risk Analysis
Tecogen disclosed 44 risk factors in its most recent earnings report. Tecogen reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tecogen Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.27B | 11.81 | 5.31% | 249.66% | 4.08% | -8.61% | |
56 Neutral | $28.67M | ― | -385.84% | ― | -5.96% | -50.28% | |
53 Neutral | $66.96M | ― | -38.12% | ― | -10.02% | -3.51% | |
53 Neutral | $30.25M | ― | -43.18% | ― | -19.60% | -483.35% | |
42 Neutral | $85.32M | ― | -18.96% | ― | 11.09% | 0.41% | |
36 Underperform | $26.39M | ― | -130.40% | ― | -16.51% | 0.19% |
* Industrials Sector Average
Performance Comparison
TGEN
Tecogen
2.68
1.87
230.86%
FCEL
Fuelcell Energy
4.04
-21.91
-84.43%
PPSI
Pioneer Power Solutions
2.72
-0.18
-6.21%
FLUX
Flux Power Holdings
1.71
-3.24
-65.45%
GWH
ESS Tech
2.18
-11.03
-83.50%
Tecogen Earnings Call Summary
Earnings Call Date:Mar 17, 2025
(Q4-2024)
| % Change Since: 4.28%|
Next Earnings Date:May 08, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mix of positive developments and challenges. On one hand, the partnership with Vertiv, increased recurring revenue, and improved gross margins point to a strong strategic direction and operational efficiency. On the other hand, the company faced a decline in annual revenue and increased losses due to operational disruptions and one-time charges. The sentiment is balanced with significant potential for growth offset by short-term financial challenges.Q4-2024 Updates
Positive Updates
Sales and Marketing Agreement with Vertiv
Tecogen signed a sales and marketing agreement with Vertiv, a leader in thermal management for data centers. This partnership is expected to significantly enhance Tecogen's sales strategy and market reach, particularly in the data center segment.
Increased Recurring Revenue
Recurring revenue from service and energy increased to over $18 million for 2024, showcasing a strong growth trajectory in these segments.
Gross Profit Margin Improvement
Gross profit margin increased by five percentage points to 45%, indicating improved operational efficiencies.
Cash Position and Customer Deposits
Year-end cash position was greater than $5 million, bolstered by significant customer deposits.
Backlog and Revenue Growth Prospects
Tecogen's backlog increased to $12.2 million, with expectations of $3 million more in project closures in the coming months, indicating strong future revenue potential.
Negative Updates
Operating Expenses and One-Time Charges
Operating expenses increased due to one-time charges including a $109,000 credit loss reserve and a $217,000 goodwill impairment charge.
Annual Revenue Decline
Total annual revenues decreased by 10% to $22.6 million in fiscal year 2024 compared to 2023, largely due to disruptions from a factory move.
Net Loss and EBITDA
The net loss for fiscal year 2024 was $4.8 million, with a higher adjusted EBITDA loss of $3.6 million compared to $2.6 million in 2023.
Company Guidance
During Tecogen's year-end 2024 conference call, several key metrics and forward-looking statements were highlighted. The company reported a strong backlog of $12.2 million, an increase from the previous quarter, and recurring revenue from service and energy exceeding $18 million for the year. Tecogen's fourth-quarter revenues were $6.1 million, aligning with their forecast and marking a 3% increase from the previous year. The gross profit margin rose by five percentage points to 45%, despite increased operating expenses due to a $109,000 credit loss reserve and a $217,000 goodwill impairment charge. The company maintained a cash position exceeding $5 million at year-end. Looking ahead, Tecogen anticipates higher revenues in 2025, driven by product revenue growth and an exciting partnership with Vertiv, which is expected to enhance their market presence in the data center cooling sector. Additionally, the company's EBITDA and adjusted EBITDA losses for Q4 2024 were $1 million and $692,000, respectively, showing improvement from the previous year's losses.Tecogen Corporate Events
Delistings and Listing ChangesBusiness Operations and Strategy
Tecogen Announces NYSE American Uplisting Approval
Positive
May 1, 2025
On April 30, 2025, Tecogen Inc. announced that its shares of common stock have been approved for listing on the NYSE American stock exchange, with trading expected to commence on or about May 6, 2025. This uplisting from the OTCQX Best Market is anticipated to enhance the company’s visibility, expand its investor base, and improve liquidity for its shares, marking a significant milestone in Tecogen’s growth strategy.
Spark’s Take on TGEN Stock
According to Spark, TipRanks’ AI Analyst, TGEN is a Neutral.
Tecogen’s stock score reflects significant financial challenges, with declining revenues and ongoing losses impacting the financial performance score. The earnings call revealed strategic improvements, including a partnership with Vertiv and increased recurring revenues, indicating potential for future growth. The technical analysis shows positive momentum, but valuation concerns due to unprofitability weigh on the overall score.
To see Spark’s full report on TGEN stock, click here.
Executive/Board ChangesBusiness Operations and Strategy
Tecogen’s President Increases Commitment Amid Growth Plans
Positive
Mar 11, 2025
In February 2025, Tecogen Inc. announced that President and COO Robert A. Panora increased his commitment to full-time to address anticipated growth opportunities, leading to a salary increase. Additionally, the company hired a new Manufacturing Manager in January 2025 to enhance production, and Vice President of Operations Joseph E. Gehret departed in February 2025 but will remain available for consultations for up to a year.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.