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TECOGEN INC - TGEN STOCK NEWS

Welcome to our dedicated page for TECOGEN news (Ticker: TGEN), a resource for investors and traders seeking the latest updates and insights on TECOGEN stock.

Tecogen Inc. (OTCQX: TGEN) is a pioneering manufacturer of combined heat and power (CHP) products, including natural gas engine-driven cogeneration systems, air conditioning systems, and high-efficiency water heaters designed for industrial and commercial use. Based in Waltham, MA, Tecogen specializes in providing innovative solutions that generate electric power, cooling, or hot water while efficiently recycling thermal energy from engines to reduce both energy costs and greenhouse gas emissions.

With an installed base of over 2,000 units, Tecogen boasts a robust network of engineering, sales, and service personnel spread across the United States, ensuring comprehensive support and maintenance services. The company's product lineup includes the celebrated InVerde units, Tecopower Cogeneration systems, Hybrid Air-Cooled Chillers, and more, each designed to provide maximum energy savings and environmental benefits.

Recent achievements underscore Tecogen's growth and commitment to innovation. For instance, the company recently announced orders for multiple Hybrid Air-Cooled Chillers and InVerde units for a utility customer in Florida, as well as 12 Tecopower Cogeneration units for multiple smaller projects. These accomplishments reflect Tecogen’s ability to attract repeat business and its reputation for delivering reliable, high-efficiency energy solutions.

In the most recent fiscal year, Tecogen reported total revenues of $25.1 million and showed significant progress in reducing its adjusted EBITDA loss. The company is focused on increasing its recurring cash flow from energy and services, which would cover fixed costs while securing profitable large-dollar projects. Tecogen's strategic initiatives include expanding its service agreements, recently acquiring contracts for an additional 83 cogeneration units, and expanding its service offerings in Canada, which is expected to bring substantial additional revenue.

Founded over 35 years ago, Tecogen continues to lead the way in providing environmentally friendly and cost-effective energy production solutions. The company’s products nearly eliminate criteria pollutants and significantly reduce customers' carbon footprints. Tecogen's commitment to sustainability and innovation ensures it remains a significant player in the clean energy sector.

For more information, visit Tecogen's website or contact them for a free site assessment.

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Tecogen Inc. (TGEN) announces an order for 3 Hybrid Air-Cooled Chillers and 3 InVerde units for a utility customer in Florida. The chillers and InVerdes will be serviced by the Florida service center, offering low-cost natural gas cooling and backup power in the event of a power outage. The company's strategy to broaden their cooling offering and expand target geographies is yielding positive results.
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Tecogen Inc. (TGEN) will release FY 2023 financial results on March 14, 2024. The earnings press release and supplemental earnings call slides will be available on the Company's website. Senior management will hold a conference call and webcast to discuss the Company's financial performance for FY 2023 and strategy for FY 2024.
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Tecogen Inc. (TGEN) announces the development and testing of machine learning based intelligent control for cogeneration and cooling systems. The system self-learns from data on their remote monitoring platform and determines the optimum way to operate a chiller or cogeneration plant. Testing on customer sites has resulted in reduced energy purchased from the utility and an increase in equipment run hours. This benefits both customers and Tecogen, increasing savings and service revenue. The company expects to implement this in many service sites over the course of the year, allowing them to act as a virtual power plant and participate in utility demand response programs.
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Tecogen Inc. (TGEN) CEO Abinand Rangesh to present at Sidoti Virtual Micro Cap Virtual Conference on January 17th, offering one-on-one virtual meetings with professional investors. Tecogen is a clean energy company providing ultra-efficient on-site power, heating, and cooling equipment.
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Tecogen Inc. (TGEN) announces an order for a 400-ton Tecochill unit from a large educational institution in Connecticut, facilitated by Clover Corp. The Tecochill system offsets a significant amount of electrical demand, leading to energy savings and reliability of gas cooling compared to electric chillers. The chiller will also contribute to a reduction in greenhouse gas (GHG) footprint with the use of heat recovery and updated emissions controls.
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Tecogen Inc. (OTCQX:TGEN) reported Q3 2023 revenue of $7.1 million, a 7.5% increase QoQ, with a net loss of $0.5 million. Revenues for the nine months ended September 30, 2023 were $19.2 million, a decrease of 6.0% compared to the same period in 2022. Key takeaways include revenue increases in services, a decrease in product revenue, and a net loss increase due to higher operating expenses.
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Tecogen Inc. to release Q3 2023 financial results on November 9th, 2023.
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Tecogen Inc. secures $1.5 million credit agreement and plans for a reverse split.
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Tecogen Inc. appoints Susan Hirsch to Board of Directors, a former Managing Director with over $20bn assets under management. Her financial market knowledge and industry contacts are valuable to the company.
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FAQ

What is the current stock price of TECOGEN (TGEN)?

The current stock price of TECOGEN (TGEN) is $0.91 as of November 19, 2024.

What is the market cap of TECOGEN (TGEN)?

The market cap of TECOGEN (TGEN) is approximately 22.9M.

What does Tecogen Inc. specialize in?

Tecogen Inc. specializes in combined heat and power products, including natural gas engine-driven cogeneration systems, air conditioning systems, and high-efficiency water heaters.

Where is Tecogen Inc. located?

Tecogen Inc. is based in Waltham, MA.

How many units has Tecogen Inc. installed?

Tecogen Inc. has an installed base of over 2,000 units.

What recent achievements does Tecogen Inc. have?

Recent achievements include orders for Hybrid Air-Cooled Chillers, InVerde units, and Tecopower Cogeneration units for various projects.

What are Tecogen Inc.'s financial highlights for the recent fiscal year?

Tecogen Inc. reported revenues of $25.1 million and made significant progress in reducing its adjusted EBITDA loss.

What is Tecogen Inc.'s strategy for growth?

Tecogen's strategy focuses on increasing recurring cash flow from energy and services, securing profitable large-dollar projects, and expanding service agreements.

How does Tecogen Inc. contribute to reducing greenhouse gas emissions?

Tecogen's products recycle thermal energy from engines, reducing energy costs and greenhouse gas emissions.

What is the scale of Tecogen Inc.'s service network?

Tecogen Inc. has a well-established network of engineering, sales, and service personnel across the United States.

How long has Tecogen Inc. been in business?

Tecogen Inc. has been in business for over 35 years.

Where can I get more information about Tecogen Inc.?

More information is available on Tecogen’s website at www.tecogen.com.

TECOGEN INC

OTC:TGEN

TGEN Rankings

TGEN Stock Data

22.86M
13.37M
47.1%
0.04%
Electrical Equipment & Parts
Industrials
Link
United States of America
Waltham