Tecogen Inc. logo

Tecogen Inc.

TGEN

AMEXIndustrialsElectrical Equipment & Parts

Previous close

$3.42

+$0.16 · +4.91%

Aug 21, 4:00 PM ET

TGEN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

46

Fair Value

Momentum

19

Strong Down

Sentiment

57

Mixed

Risk resilience

21

High Risk

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Company profile

Company website

Tecogen Inc. specializes in the design, manufacturing, sales, and ongoing support of industrial and commercial combined heat and power (CHP) systems. These energy solutions cater to a wide range of applications—residential, commercial, recreational, and industrial—both within the United States and internationally. The company's operations are segmented into three main areas: Products, Services, and Energy Production. Its product offerings include: Cogeneration units, such as the InVerde e+ and TecoPower models, which efficiently produce both electricity and hot water. TECOCHILL branded chillers for air conditioning and refrigeration purposes. Tecofrost gas engine-driven compressors used in refrigeration systems. Ilios brand water heaters. Ultera emissions control technology. Beyond equipment sales, Tecogen provides extensive support services, including long-term maintenance contracts, spare parts sales, and comprehensive turnkey installation. These services are delivered through a network of eleven field service centers located strategically across California, the Midwest, the Northeast, the Southeast, and Ontario, Canada. Additionally, the company undertakes the installation, ownership, operation, and maintenance of distributed generation systems for electricity and other energy solutions, along with complementary technologies. Tecogen serves a diverse clientele spanning numerous sectors, such as healthcare (hospitals, nursing homes), education (colleges, universities), hospitality (hotels, motels, health clubs, spas), commercial real estate (office, retail buildings), manufacturing (food and beverage processors, factories), multi-unit residential properties, and specialized facilities like laundries, ice rinks, swimming pools, municipal buildings, military installations, and indoor growing operations. Established in 2000, Tecogen Inc. is headquartered in Waltham, Massachusetts.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
US
CEO
Abinand Rangesh
Listed since
May 20, 2014
Employees
120

Market position

Day range

Current $3.42

52-week range

Current $3.42

Open
$3.25
Previous close
$3.26
Volume
217.97K
0.52× average
Average volume
419.79K
Average daily volume
Market cap
102.32M USD
Beta
2.19
Market reference 1
50-day average
$4.2218
-18.99% below average
200-day average
$4.6626
-26.65% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
124.92M USD
P/E (TTM)
-8.26×
P/B (TTM)
5.78×
P/S (TTM)
3.31×
EV / EBITDA
-17.35×
Earnings yield
-6.13%
Free cash flow yield
-7.67%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
37.18%
Operating margin
-37.34%
Net margin
-40.48%
Return on equity
-38.11%
Return on assets
-22.30%
Return on invested capital
-24.99%

Financial health

Debt / equity
0.15×
Current ratio
3.12×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends55%24%-7%-38%Gross margin, FY2021: 47.49%Gross margin, FY2022: 44.26%Gross margin, FY2023: 40.58%Gross margin, FY2024: 43.64%Gross margin, FY2025: 36.29%Operating margin, FY2021: -5.00%Operating margin, FY2022: -9.40%Operating margin, FY2023: -17.56%Operating margin, FY2024: -20.05%Operating margin, FY2025: -26.34%Net margin, FY2021: 15.15%Net margin, FY2022: -9.79%Net margin, FY2023: -18.29%Net margin, FY2024: -21.04%Net margin, FY2025: -30.47%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 47.49%. Gross margin FY2022 44.26%. Gross margin FY2023 40.58%. Gross margin FY2024 43.64%. Gross margin FY2025 36.29%. Operating margin FY2021 -5.00%. Operating margin FY2022 -9.40%. Operating margin FY2023 -17.56%. Operating margin FY2024 -20.05%. Operating margin FY2025 -26.34%. Net margin FY2021 15.15%. Net margin FY2022 -9.79%. Net margin FY2023 -18.29%. Net margin FY2024 -21.04%. Net margin FY2025 -30.47%.

Income trends

Revenue

27.07M USD+19.69%

Operating income

−7.13M USD-57.29%

Net income

−8.25M USD-73.28%
Income trends across reported periods30.61M USD16.48M USD2.35M USD−11.78M USDRevenue, FY2021: 24.4M USDRevenue, FY2022: 25M USDRevenue, FY2023: 25.14M USDRevenue, FY2024: 22.62M USDRevenue, FY2025: 27.07M USDOperating income, FY2021: −1.22M USDOperating income, FY2022: −2.35M USDOperating income, FY2023: −4.41M USDOperating income, FY2024: −4.53M USDOperating income, FY2025: −7.13M USDNet income, FY2021: 3.7M USDNet income, FY2022: −2.45M USDNet income, FY2023: −4.6M USDNet income, FY2024: −4.76M USDNet income, FY2025: −8.25M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 24.4M USD. Revenue FY2022 25M USD. Revenue FY2023 25.14M USD. Revenue FY2024 22.62M USD. Revenue FY2025 27.07M USD. Operating income FY2021 −1.22M USD. Operating income FY2022 −2.35M USD. Operating income FY2023 −4.41M USD. Operating income FY2024 −4.53M USD. Operating income FY2025 −7.13M USD. Net income FY2021 3.7M USD. Net income FY2022 −2.45M USD. Net income FY2023 −4.6M USD. Net income FY2024 −4.76M USD. Net income FY2025 −8.25M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue27.07M USD22.62M USD25.14M USD25M USD24.4M USD
Cost of goods sold17.25M USD12.75M USD14.94M USD13.94M USD12.81M USD
Gross profit9.82M USD9.87M USD10.2M USD11.07M USD11.59M USD
Research and development1.17M USD961.84K USD840.01K USD732.87K USD542.08K USD
Selling, general, and administrative15.79M USD13.24M USD13.81M USD12.72M USD12.27M USD
Operating expenses16.96M USD14.4M USD14.62M USD13.42M USD12.81M USD
Interest income151.71K USD
Interest expense150.29K USD117.12K USD77.05K USD16.25K USD37.98K USD
Depreciation and amortization877.68K USD553.78K USD567.71K USD428.35K USD469.85K USD
Operating income−7.13M USD−4.53M USD−4.41M USD−2.35M USD−1.22M USD
Net income−8.25M USD−4.76M USD−4.6M USD−2.45M USD3.7M USD

Company facts updated Aug 24, 2026.

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