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TurnOnGreen (TOGI) AI Stock Analysis

TOGI

TurnOnGreen

(Other OTC:TOGI)

Select Model
Rating:47Neutral
Price Target:$0.01▼(>-0.01% Downside)
Action:reiterated
Date:09/21/26

The score is primarily constrained by weak financial performance (losses, cash burn, and balance sheet stress with negative equity and rising debt) despite improving revenue and gross margin. Technical signals are mixed with negative MACD and longer-term downtrend pressure. Valuation is difficult to justify on earnings (negative P/E) and offers no dividend support, while the recent corporate actions provide some structural flexibility but are not a fundamental turnaround catalyst on their own.

Positive Factors
Revenue reboundThe sharp TTM sales rebound and reported 29.6% revenue growth indicate improved commercial traction in the company’s EV-charging and energy technology activities. If sustained, stronger demand can expand operating scale, support fixed-cost absorption, and provide a foundation for eventual profitability improvement.
Negative Factors
Balance-sheet stressNegative equity, rising debt, and a small asset base create a structurally weak balance sheet. This reduces financial flexibility, makes obligations harder to underwrite against assets, and leaves less capacity to absorb operating setbacks or fund expansion without additional capital.

TurnOnGreen (TOGI) vs. SPDR S&P 500 ETF (SPY)

-100%-80%-60%-40%-20%0%20%TOGI-85.39%SPY+11.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
$2.39M
Dividend Yield
―
Average Volume (3M)
102.59K
Price to Earnings (P/E)
-1.2
Beta (1Y)
-1.10
Revenue Growth
29.63%
EPS Growth
21.83%
Country
US
Employees
19
Sector
Industrials
Sector Strength
63
Industry
Electrical Equipment & Parts

TurnOnGreen Business Overview & Revenue Model

Company Description

TurnOnGreen, Inc. specializes in the engineering and production of advanced power systems. These essential products are designed for critical, life-saving, and continuous applications within a wide array of industries, including those operating in th...

How the Company Makes Money

Detailed, current disclosures describing TurnOnGreen's (TOGI) revenue model, key revenue streams, unit economics (e.g., hardware sales vs. recurring software/network fees vs. installation/service), and material partnerships are not available from the...

TurnOnGreen Financial Statement Overview

Summary

Despite a meaningful revenue rebound and improved gross margin, financial quality remains weak due to ongoing operating losses, deeply negative net margin, negative operating/free cash flow, and a highly stressed balance sheet with negative equity and rising debt relative to a small asset base.

Income Statement

26Negative

Balance Sheet

12Very Negative

Cash Flow

18Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.43M7.23M4.91M4.20M5.52M5.35M
Gross Profit3.54M3.32M2.12M895.00K2.02M1.68M
EBITDA-804.00K-792.00K-2.88M-4.05M-3.68M-1.73M
Net Income-2.04M-2.11M-3.97M-4.83M-4.22M-1.83M
Balance Sheet
Total Assets4.67M3.23M2.75M4.72M6.65M4.43M
Cash, Cash Equivalents and Short-Term Investments61.00K65.00K27.00K21.00K95.00K112.00K
Total Debt11.16M8.46M5.82M1.30M1.84M407.61K
Total Liabilities13.63M36.07M33.48M9.14M5.04M1.44M
Stockholders Equity-8.96M-7.84M-30.73B-4.43M1.61M2.99M
Cash Flow
Free Cash Flow-1.94M-77.97K-2.71M-3.38M-2.93M-4.36M
Operating Cash Flow-1.86M2,025-2.67M-3.34M-2.67M-4.34M
Investing Cash Flow-31.00K-80.00K-42.00K-42.00K-263.00K-18.00K
Financing Cash Flow3.10M3.07M2.71M3.31M2.92M4.21M

TurnOnGreen Technical Analysis

Technical Analysis SentimentNegative
Last Price0.01

Price Trends

50DMA0.02Negative
100DMA0.02Negative
200DMA0.03Negative

Market Momentum

MACD-0.00Positive
RSI34.51Neutral
STOCH19.05Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOGI, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TOGI.

TurnOnGreen Risk Analysis

TurnOnGreen disclosed 63 risk factors in its most recent earnings report. TurnOnGreen reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks
1.Recent changes in our management may cause uncertainty in, or be disruptive to, our general business operations.Q4, 2023
2.Disruption of our manufacturing facilities or other operations or those of our suppliers, or in the operations of our customers, due to climate change, earthquake, flood, other natural catastrophic events, public health crises such as the Covid-19 pandemic or terrorism could result in cancellation of orders, delays in deliveries or other business activities, or loss of customers and could seriously harm our business.Q4, 2023
3.We are in a highly competitive EV charging services industry and there can be no assurance that we will be able to compete with many of our competitors which are larger and have greater financial resources.Q4, 2023

TurnOnGreen Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

TOGI against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
EOSEEOSE53Neutral$688.28M-0.4255.63%―533.87%31.49%
TOGITOGI47Neutral$2.39M-1.1724.86%―29.63%21.83%
NEOVNEOV44Neutral$127.47M-4.22-124.68%―58.22%-243.18%
FLUXFLUX43Neutral$9.30M-1.12-261.63%―-36.58%5.31%
DFLIDFLI41Neutral$3.56M-0.01-1565.55%―-4.85%53.62%

* Industrials Sector Average

Performance Comparison

-50%0%TOGIFLUXEOSEDFLINEOVDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TOGI and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TOGITurnongreen Inc.0.01-0.08-85.56%
FLUXFlux Power Holdings0.43-2.23-83.87%
EOSEEos Energy Enterprises, Inc.1.89-13.73-87.90%
DFLIDragonfly Energy Holdings Corp1.90-86.90-97.86%
NEOVNeovolta Inc2.16-2.38-52.42%

TurnOnGreen Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance

TurnOnGreen Updates Corporate Bylaws and Governance Framework

Neutral
Sep 29, 2026

On September 25, 2026, TurnOnGreen’s Board of Directors approved and adopted a comprehensive revision of the company’s Bylaws, replacing the prior version in full. The updated Bylaws became effective immediately upon board approval and in...

Business Operations and StrategyExecutive/Board ChangesShareholder MeetingsStock Split

TurnOnGreen Shareholders Approve Key Governance and Capital Measures

Positive
Sep 21, 2026

On September 18, 2026, TurnOnGreen, Inc. held its 2026 Annual Meeting of Shareholders, with holders of both common and Series A preferred stock voting on key corporate matters. Shareholders elected three directors to serve until the next annual meeti...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.

Date of analysis: Sep 21, 2026