Symbols / TGEN
TGEN Chart
About
Tecogen Inc., together with its subsidiaries, designs, manufactures, markets, and maintains cogeneration products for multi-family residential, commercial, recreational, and industrial use in the United States. It operates in three segments: Products, Services, and Energy Production. The Products segment designs, manufactures, and sells industrial and commercial cogeneration systems to hospitals and nursing homes, schools and universities, health clubs and spas, hotels and motels, office and retail buildings, food and beverage processors, multi-unit residential buildings, laundries, ice rinks, swimming pools, factories, municipal buildings, indoor agriculture, military installations, and indoor growing facilities. Its Services segment provides operations and maintenance services for its products under long term service contracts. The Energy Production segment installs, operates, and maintains distributed own generation electricity systems and sells the energy generated by such systems in the form of electricity, heat, hot water, and cooling to its customers under long-term energy sales agreements. The company also offers natural gas-powered cogeneration systems for water and space heating, and/or air conditioning. Its product portfolio includes InVerde e+ and TecoPower cogeneration units for the supply electricity and hot water; Tecochill, an air-conditioning and refrigeration chiller, and hybrid-drive air-cooled and gas engine-driven chiller to produce chilled water and hot water; Tecofrost, a gas engine-driven refrigeration compressor to circulate refrigerant and provide hot water as a byproduct; and Ultera, an emissions control technology. It sells its products through in-house marketing, as well as independent sales agents and representatives. Tecogen Inc. was incorporated in 2000 and is headquartered in North Billerica, Massachusetts.
Fundamentals
Scroll to Statements| Sector | Industrials | Industry | Electrical Equipment & P | Market Cap | 87.15M |
| Enterprise Value | 74.60M | Income | -5.44M | Sales | 27.83M |
| Book/sh | 0.85 | Cash/sh | 0.51 | Dividend Yield | — |
| Payout | 0.00% | Employees | 91 | IPO | — |
| P/E | — | Forward P/E | -26.55 | PEG | — |
| P/S | 3.13 | P/B | 3.42 | P/C | — |
| EV/EBITDA | -17.46 | EV/Sales | 2.68 | Quick Ratio | 1.83 |
| Current Ratio | 2.71 | Debt/Eq | 11.25 | LT Debt/Eq | — |
| EPS (ttm) | -0.21 | EPS next Y | -0.11 | EPS Growth | — |
| Revenue Growth | 27.60% | Earnings | 2026-03-18 | ROA | -9.12% |
| ROE | -29.76% | ROIC | — | Gross Margin | 38.09% |
| Oper. Margin | -29.22% | Profit Margin | -19.55% | Shs Outstand | 29.85M |
| Shs Float | 18.16M | Short Float | 5.84% | Short Ratio | 3.32 |
| Short Interest | — | 52W High | 12.07 | 52W Low | 1.81 |
| Beta | 1.35 | Avg Volume | 539.59K | Volume | 206.79K |
| Target Price | $15.00 | Recom | None | Prev Close | $2.98 |
| Price | $2.92 | Change | -2.01% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$15.00
Mean price target
2. Current target
$2.92
Latest analyst target
3. DCF / Fair value
$-0.85
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.92
Low
$15.00
High
$15.00
Mean
$15.00
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-08-18 | init | Roth Capital | — → Buy | $15 |
| 2023-08-11 | reit | HC Wainwright & Co. | Buy → Buy | $5 |
| 2023-05-12 | reit | HC Wainwright & Co. | — → Buy | $5 |
| 2020-03-13 | main | HC Wainwright & Co. | — → Buy | $5 |
| 2018-08-15 | main | Maxim Group | Buy → Buy | $5 |
| 2016-10-04 | init | Rodman & Renshaw | — → Buy | $6 |
- Tecogen Inc. Stock: Huge Demand, Tiny Company (NYSE:TGEN) - Seeking Alpha Sat, 29 Nov 2025 08
- Tecogen (TGEN) Soars 26.7%: Is Further Upside Left in the Stock? - Yahoo Finance hu, 16 Oct 2025 07
- Tecogen (OTCMKTS:TGEN) Shares Down 6.4% - Here's Why - MarketBeat Wed, 04 Mar 2026 06
- $TGEN stock is up 22% today. Here's what we see in our data. - Quiver Quantitative Wed, 15 Oct 2025 07
- 10-Day Sell-Off Sends Tecogen Stock Down 36% - Trefis Fri, 19 Dec 2025 08
- Tecogen (NYSE American: TGEN) to release Q3 Nov 12 after close of market; call to follow - Stock Titan Fri, 31 Oct 2025 07
- Tecogen Reports Q3 Revenue Growth Amid Net Loss - TipRanks Wed, 12 Nov 2025 08
- Tecogen (TGEN) Is Up 5.7% After Clearing All Debt Early Will Its Financial Flexibility Pay Off? - simplywall.st Wed, 17 Sep 2025 07
- Earnings call transcript: Tecogen Q2 2025 sees revenue growth, stock dips - Investing.com Wed, 13 Aug 2025 07
- Is Tecogen stock a buy? - Cantech Letter Sun, 16 Nov 2025 08
- Top 3 Industrials Stocks Which Could Blast Off This Quarter - Benzinga Wed, 07 Jan 2026 08
- Can Tecogen Stock Recover If Markets Fall? - Trefis Sat, 20 Dec 2025 08
- Tecogen: Cooling Opportunity Meets Rich Pricing - Seeking Alpha ue, 09 Sep 2025 07
- Clean Energy Leader Tecogen Raises $17.5M: Major Data Center Market Push Unveiled in Latest Stock Offering - Stock Titan Fri, 18 Jul 2025 07
- Tecogen (TGEN) Valuation in Focus After Eliminating Company Debt with Early Loan Repayment - Yahoo Finance ue, 16 Sep 2025 07
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 17964 | — | — | Stock Award(Grant) at price 0.00 per share. | DESCHENES ROGER P | Officer | — | 2025-07-24 00:00:00 | D |
| 1 | 11976 | — | — | Stock Award(Grant) at price 0.00 per share. | WHITING JOHN KIMBALL IV | General Counsel | — | 2025-07-24 00:00:00 | D |
| 2 | 53892 | — | — | Stock Award(Grant) at price 0.00 per share. | RANGESH ABINAND | Chief Executive Officer | — | 2025-07-24 00:00:00 | D |
| 3 | 11976 | — | — | Stock Award(Grant) at price 0.00 per share. | LAFAILLE STEPHEN | Officer | — | 2025-07-24 00:00:00 | D |
| 4 | 102700 | 550752 | — | Sale at price 4.69 - 6.86 per share. | PANORA ROBERT A | President | — | 2025-06-24 00:00:00 | D |
| 5 | 60000 | 56250 | — | Conversion of Exercise of derivative security at price 0.71 - 1.10 per share. | LAFAILLE STEPHEN | Officer | — | 2025-06-23 00:00:00 | D |
| 6 | 60000 | 345800 | — | Sale at price 4.88 - 7.25 per share. | LAFAILLE STEPHEN | Officer | — | 2025-06-23 00:00:00 | D |
| 7 | 95223 | 89101 | — | Conversion of Exercise of derivative security at price 0.71 - 1.10 per share. | PANORA ROBERT A | President | — | 2025-06-16 00:00:00 | D |
| 8 | 95223 | 89050 | — | Conversion of Exercise of derivative security at price 0.71 - 1.10 per share. | PANORA ROBERT A | President | — | 2025-06-16 00:00:00 | D |
| 9 | 70000 | 49700 | — | Conversion of Exercise of derivative security at price 0.71 per share. | PANORA ROBERT A | President | — | 2025-05-27 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -43.07K | 7.60K | 11.76K | 19.41K |
| TaxRateForCalcs | 0.21 | 0.21 | 0.21 | 0.01 |
| NormalizedEBITDA | -3.78M | -3.88M | -1.96M | 523.70K |
| TotalUnusualItems | -205.11K | 36.21K | 56.01K | 3.74M |
| TotalUnusualItemsExcludingGoodwill | -205.11K | 36.21K | 56.01K | 3.74M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -4.76M | -4.60M | -2.45M | 3.70M |
| ReconciledDepreciation | 553.78K | 567.71K | 428.35K | 469.85K |
| ReconciledCostOfRevenue | 12.75M | 14.94M | 13.94M | 12.81M |
| EBITDA | -3.98M | -3.85M | -1.90M | 4.27M |
| EBIT | -4.53M | -4.41M | -2.33M | 3.80M |
| NetInterestIncome | -117.12K | -77.05K | -50.97K | -37.98K |
| InterestExpense | 117.12K | 77.05K | 50.97K | 37.98K |
| NormalizedIncome | -4.60M | -4.63M | -2.49M | -29.24K |
| NetIncomeFromContinuingAndDiscontinuedOperation | -4.76M | -4.60M | -2.45M | 3.70M |
| TotalExpenses | 26.95M | 29.59M | 27.39M | 24.34M |
| TotalOperatingIncomeAsReported | -4.53M | -4.41M | -2.35M | -1.22M |
| DilutedAverageShares | 24.86M | 24.85M | 24.85M | 25.12M |
| BasicAverageShares | 24.86M | 24.85M | 24.85M | 24.85M |
| DilutedEPS | -0.19 | -0.19 | -0.10 | 0.15 |
| BasicEPS | -0.19 | -0.19 | -0.10 | 0.15 |
| DilutedNIAvailtoComStockholders | -4.76M | -4.60M | -2.45M | 3.70M |
| NetIncomeCommonStockholders | -4.76M | -4.60M | -2.45M | 3.70M |
| NetIncome | -4.76M | -4.60M | -2.45M | 3.70M |
| MinorityInterests | -86.47K | -74.95K | -50.22K | -45.02K |
| NetIncomeIncludingNoncontrollingInterests | -4.67M | -4.52M | -2.40M | 3.74M |
| NetIncomeContinuousOperations | -4.67M | -4.52M | -2.40M | 3.74M |
| TaxProvision | 22.57K | 32.49K | 16.35K | 19.49K |
| PretaxIncome | -4.65M | -4.49M | -2.38M | 3.76M |
| OtherIncomeExpense | -205.11K | 36.21K | 56.01K | 3.74M |
| OtherNonOperatingIncomeExpenses | 1.28M | |||
| SpecialIncomeCharges | -205.11K | 36.21K | 37.26K | 3.78M |
| GainOnSaleOfPPE | 12.18K | 36.21K | 41.93K | 10.49K |
| OtherSpecialCharges | -3.77M | |||
| ImpairmentOfCapitalAssets | 217.29K | 0.00 | 4.67K | 7.40K |
| GainOnSaleOfSecurity | 18.75K | -31.45K | ||
| NetNonOperatingInterestIncomeExpense | -117.12K | -77.05K | -50.97K | -37.98K |
| InterestExpenseNonOperating | 117.12K | 77.05K | 50.97K | 37.98K |
| OperatingIncome | -4.33M | -4.45M | -2.39M | 53.84K |
| OperatingExpense | 14.20M | 14.65M | 13.45M | 11.53M |
| OtherOperatingExpenses | -1.28M | |||
| ResearchAndDevelopment | 961.84K | 840.01K | 732.87K | 542.08K |
| SellingGeneralAndAdministration | 13.24M | 13.81M | 12.72M | 12.27M |
| SellingAndMarketingExpense | 1.88M | 1.93M | 1.81M | 2.47M |
| GeneralAndAdministrativeExpense | 11.36M | 11.88M | 10.91M | 9.80M |
| OtherGandA | 11.36M | 11.88M | 10.91M | 9.80M |
| GrossProfit | 9.87M | 10.20M | 11.07M | 11.59M |
| CostOfRevenue | 12.75M | 14.94M | 13.94M | 12.81M |
| TotalRevenue | 22.62M | 25.14M | 25.00M | 24.40M |
| OperatingRevenue | 22.62M | 25.14M | 25.00M | 24.40M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| OrdinarySharesNumber | 24.95M | 24.85M | 24.85M | 24.85M |
| ShareIssued | 24.95M | 24.85M | 24.85M | 24.85M |
| TotalDebt | 3.73M | 1.48M | 1.31M | 1.96M |
| TangibleBookValue | 5.37M | 9.57M | 15.69M | 17.62M |
| InvestedCapital | 11.78M | 15.25M | 19.09M | 21.21M |
| WorkingCapital | 5.33M | 9.82M | 14.34M | 16.19M |
| NetTangibleAssets | 5.37M | 9.57M | 15.69M | 17.62M |
| CapitalLeaseObligations | 2.18M | 972.78K | 1.31M | 1.96M |
| CommonStockEquity | 10.23M | 14.75M | 19.09M | 21.21M |
| TotalCapitalization | 10.23M | 14.75M | 19.09M | 21.21M |
| TotalEquityGrossMinorityInterest | 10.13M | 14.65M | 18.99M | 21.13M |
| MinorityInterest | -104.81K | -94.30K | -106.56K | -79.94K |
| StockholdersEquity | 10.23M | 14.75M | 19.09M | 21.21M |
| RetainedEarnings | -47.64M | -42.88M | -38.28M | -35.83M |
| AdditionalPaidInCapital | 57.85M | 57.60M | 57.35M | 57.02M |
| CapitalStock | 24.95K | 24.85K | 24.85K | 24.85K |
| CommonStock | 24.95K | 24.85K | 24.85K | 24.85K |
| TotalLiabilitiesNetMinorityInterest | 20.97M | 13.14M | 9.27M | 11.23M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 4.15M | 2.66M | 1.58M | 2.45M |
| OtherNonCurrentLiabilities | 1.01M | 1.18M | ||
| NonCurrentDeferredLiabilities | 1.48M | 792.45K | 955.34K | 1.14M |
| NonCurrentDeferredRevenue | 1.48M | 792.45K | 955.34K | 1.14M |
| LongTermDebtAndCapitalLeaseObligation | 1.67M | 683.31K | 623.45K | 1.32M |
| LongTermCapitalLeaseObligation | 1.67M | 683.31K | 623.45K | 1.32M |
| CurrentLiabilities | 16.82M | 10.48M | 7.69M | 8.78M |
| OtherCurrentLiabilities | 902.55K | 845.36K | ||
| CurrentDeferredLiabilities | 6.81M | 1.82M | 1.35M | 2.29M |
| CurrentDeferredRevenue | 6.81M | 1.82M | 1.35M | 2.29M |
| CurrentDebtAndCapitalLeaseObligation | 2.06M | 794.98K | 687.59K | 641.00K |
| CurrentCapitalLeaseObligation | 516.03K | 289.47K | 687.59K | 641.00K |
| CurrentDebt | 1.55M | 505.50K | ||
| OtherCurrentBorrowings | 1.55M | 505.50K | ||
| PayablesAndAccruedExpenses | 7.03M | 7.02M | 5.65M | 5.85M |
| CurrentAccruedExpenses | 2.89M | 2.50M | 2.38M | 2.34M |
| Payables | 4.14M | 4.51M | 3.26M | 3.51M |
| AccountsPayable | 4.14M | 4.51M | 3.26M | 3.51M |
| TotalAssets | 31.09M | 27.79M | 28.25M | 32.36M |
| TotalNonCurrentAssets | 8.95M | 7.49M | 6.22M | 7.39M |
| OtherNonCurrentAssets | 166.47K | 201.77K | 165.23K | 148.14K |
| NonCurrentAccountsReceivable | 452.39K | 200.19K | ||
| GoodwillAndOtherIntangibleAssets | 4.86M | 5.18M | 3.40M | 3.59M |
| OtherIntangibleAssets | 2.51M | 2.44M | 997.59K | 1.18M |
| Goodwill | 2.35M | 2.74M | 2.41M | 2.41M |
| NetPPE | 3.47M | 1.91M | 2.65M | 3.65M |
| AccumulatedDepreciation | -4.00M | -4.26M | -3.88M | -4.09M |
| GrossPPE | 7.46M | 6.17M | 6.54M | 7.74M |
| Leases | 906.74K | 466.79K | 466.79K | 466.79K |
| OtherProperties | 4.54M | 3.55M | 4.06M | 5.43M |
| MachineryFurnitureEquipment | 2.02M | 2.15M | 2.01M | 1.85M |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 |
| CurrentAssets | 22.15M | 20.31M | 22.03M | 24.97M |
| OtherCurrentAssets | 680.57K | 360.64K | 401.19K | 578.80K |
| PrepaidAssets | 578.80K | |||
| Inventory | 9.63M | 10.55M | 10.48M | 7.76M |
| FinishedGoods | 177.36K | 951.84K | 983.10K | 523.20K |
| WorkInProcess | 930.77K | 798.52K | 498.14K | 549.80K |
| RawMaterials | 8.53M | 8.80M | 9.00M | 6.69M |
| Receivables | 6.43M | 8.04M | 9.23M | 13.02M |
| OtherReceivables | 398.90K | 1.30M | 2.52M | 4.53M |
| AccountsReceivable | 6.03M | 6.74M | 6.71M | 8.48M |
| AllowanceForDoubtfulAccountsReceivable | -295.93K | -149.92K | -361.20K | -549.21K |
| GrossAccountsReceivable | 6.32M | 6.89M | 7.08M | 9.03M |
| CashCashEquivalentsAndShortTermInvestments | 5.41M | 1.35M | 1.91M | 3.61M |
| CashAndCashEquivalents | 5.41M | 1.35M | 1.91M | 3.61M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 3.09M | -864.66K | -1.70M | 310.49K |
| RepaymentOfDebt | -62.85K | 0.00 | 0.00 | |
| IssuanceOfDebt | 1.00M | 500.00K | 0.00 | 1.87M |
| CapitalExpenditure | -969.16K | -46.85K | -344.38K | -154.55K |
| InterestPaidSupplementalData | 45.28K | 10.93K | 14.60K | 241.00 |
| IncomeTaxPaidSupplementalData | 22.57K | 32.49K | 16.35K | 19.49K |
| EndCashPosition | 5.41M | 1.35M | 1.91M | 3.61M |
| BeginningCashPosition | 1.35M | 1.91M | 3.61M | 1.49M |
| ChangesInCash | 4.05M | -562.70K | -1.70M | 2.12M |
| FinancingCashFlow | 1.01M | 500.00K | 0.00 | 1.87M |
| CashFlowFromContinuingFinancingActivities | 1.01M | 500.00K | 0.00 | 1.87M |
| ProceedsFromStockOptionExercised | 71.00K | 0.00 | 0.00 | |
| NetIssuancePaymentsOfDebt | 937.15K | 500.00K | 0.00 | 1.87M |
| NetShortTermDebtIssuance | 0.00 | |||
| ShortTermDebtPayments | 0.00 | |||
| NetLongTermDebtIssuance | 937.15K | 500.00K | 0.00 | 1.87M |
| LongTermDebtPayments | -62.85K | 0.00 | ||
| LongTermDebtIssuance | 1.00M | 500.00K | 0.00 | 1.87M |
| InvestingCashFlow | -1.01M | -244.89K | -348.56K | -215.06K |
| CashFlowFromContinuingInvestingActivities | -1.01M | -244.89K | -348.56K | -215.06K |
| DividendsReceivedCFI | -96.97K | -62.69K | -76.84K | -82.63K |
| NetInvestmentPurchaseAndSale | 0.00 | 11.64K | ||
| SaleOfInvestment | 0.00 | 11.64K | ||
| NetBusinessPurchaseAndSale | 0.00 | -170.00K | 0.00 | |
| PurchaseOfBusiness | 0.00 | -170.00K | 0.00 | |
| NetIntangiblesPurchaseAndSale | 0.00 | -29.50K | -63.10K | |
| PurchaseOfIntangibles | 0.00 | -29.50K | -63.10K | |
| NetPPEPurchaseAndSale | -917.76K | -12.20K | -242.22K | -80.97K |
| SaleOfPPE | 51.40K | 34.66K | 72.66K | 10.49K |
| PurchaseOfPPE | -969.16K | -46.85K | -314.88K | -91.45K |
| OperatingCashFlow | 4.06M | -817.81K | -1.35M | 465.03K |
| CashFlowFromContinuingOperatingActivities | 4.06M | -817.81K | -1.35M | 465.03K |
| ChangeInWorkingCapital | 7.54M | 1.61M | 153.28K | 941.20K |
| ChangeInOtherWorkingCapital | 5.85M | 543.84K | -678.76K | 756.72K |
| ChangeInOtherCurrentLiabilities | -832.16K | -421.05K | -645.24K | 227.27K |
| ChangeInOtherCurrentAssets | 510.72K | 265.73K | 625.32K | -231.48K |
| ChangeInPayablesAndAccruedExpense | 14.52K | 1.29M | -355.68K | -299.95K |
| ChangeInAccruedExpense | 386.26K | 128.87K | -109.28K | 374.80K |
| ChangeInPayable | -371.74K | 1.16M | -246.40K | -674.75K |
| ChangeInAccountPayable | -371.74K | 1.16M | -246.40K | -674.75K |
| ChangeInPrepaidAssets | -319.93K | 40.55K | 177.61K | 18.34K |
| ChangeInInventory | 848.88K | -82.53K | -2.82M | -596.39K |
| ChangeInReceivables | 1.47M | -24.20K | 3.85M | 1.07M |
| ChangesInAccountReceivables | 608.93K | -81.19K | 2.40M | 57.62K |
| OtherNonCashItems | 45.02K | 5.50K | 150.00K | -1.28M |
| StockBasedCompensation | 172.99K | 250.39K | 334.15K | 202.43K |
| UnrealizedGainLossOnInvestmentSecurities | 0.00 | -18.75K | 37.50K | |
| ProvisionandWriteOffofAssets | 216.54K | 1.31M | 36.01K | 131.21K |
| AssetImpairmentCharge | 217.29K | 0.00 | 4.67K | 7.40K |
| DepreciationAmortizationDepletion | 553.78K | 567.71K | 428.35K | 469.85K |
| DepreciationAndAmortization | 553.78K | 567.71K | 428.35K | 469.85K |
| Depreciation | 553.78K | 567.71K | 428.35K | 469.85K |
| OperatingGainsLosses | -12.18K | -36.21K | -41.93K | -3.79M |
| GainLossOnInvestmentSecurities | -6.05K | |||
| NetIncomeFromContinuingOperations | -4.67M | -4.52M | -2.40M | 3.74M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for TGEN
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|