Reported Earnings • May 14
First quarter 2026 earnings released: US$0.071 loss per share (vs US$0.026 loss in 1Q 2025) First quarter 2026 results: US$0.071 loss per share (further deteriorated from US$0.026 loss in 1Q 2025). Revenue: US$6.34m (down 13% from 1Q 2025). Net loss: US$2.12m (loss widened 221% from 1Q 2025). Revenue is forecast to grow 55% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 68% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to €4.22. The fair value is estimated to be €3.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to decline by 0.4% in a year. Earnings are forecast to grow by 5.7% in the next year. Ankündigung • Apr 26
Tecogen Inc. to Report Q1, 2026 Results on May 13, 2026 Tecogen Inc. announced that they will report Q1, 2026 results Pre-Market on May 13, 2026 Ankündigung • Apr 22
Tecogen Inc., Annual General Meeting, Jun 05, 2026 Tecogen Inc., Annual General Meeting, Jun 05, 2026. Location: 76 treble cove road, north bilerica, massachusetts 01862, United States New Risk • Apr 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to €2.22. The fair value is estimated to be €2.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 1.3% in a year. Earnings are forecast to grow by 4.0% in the next year. Reported Earnings • Mar 18
Full year 2025 earnings released: US$0.30 loss per share (vs US$0.19 loss in FY 2024) Full year 2025 results: US$0.30 loss per share (further deteriorated from US$0.19 loss in FY 2024). Revenue: US$27.1m (up 20% from FY 2024). Net loss: US$8.25m (loss widened 73% from FY 2024). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. New Risk • Mar 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €82.8m (US$96.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€82.8m market cap, or US$96.4m). Ankündigung • Feb 27
Tecogen Inc. to Report Fiscal Year 2025 Results on Mar 18, 2026 Tecogen Inc. announced that they will report fiscal year 2025 results on Mar 18, 2026 Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Director Susan Hirsch was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.074 loss per share (vs US$0.037 loss in 3Q 2024) Third quarter 2025 results: US$0.074 loss per share (further deteriorated from US$0.037 loss in 3Q 2024). Revenue: US$7.18m (up 28% from 3Q 2024). Net loss: US$2.13m (loss widened 129% from 3Q 2024). Revenue is forecast to grow 48% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Ankündigung • Oct 31
Tecogen Inc. to Report Q3, 2025 Results on Nov 12, 2025 Tecogen Inc. announced that they will report Q3, 2025 results After-Market on Nov 12, 2025 Breakeven Date Change • Oct 03
Forecast breakeven date pushed back to 2027 The analyst covering Tecogen previously expected the company to break even in 2025. New forecast suggests losses will reduce by 45% per year to 2026. The company is expected to make a profit of US$9.11m in 2027. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Breakeven Date Change • Sep 03
Forecast breakeven date pushed back to 2027 The analyst covering Tecogen previously expected the company to break even in 2025. New forecast suggests losses will reduce by 45% per year to 2026. The company is expected to make a profit of US$9.11m in 2027. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Reported Earnings • Aug 14
Second quarter 2025 earnings released: US$0.058 loss per share (vs US$0.062 loss in 2Q 2024) Second quarter 2025 results: US$0.058 loss per share (improved from US$0.062 loss in 2Q 2024). Revenue: US$7.29m (up 54% from 2Q 2024). Net loss: US$1.46m (loss narrowed 4.9% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 96% per year, which means it is well ahead of earnings. Ankündigung • Jul 30
Tecogen Inc. to Report Q2, 2025 Results on Aug 12, 2025 Tecogen Inc. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 New Risk • Jul 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Significant insider selling over the past 3 months (€242k sold). Ankündigung • Jul 18
Tecogen Inc. has completed a Follow-on Equity Offering in the amount of $17.5 million. Tecogen Inc. has completed a Follow-on Equity Offering in the amount of $17.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,500,000
Price\Range: $5
Discount Per Security: $0.35 Ankündigung • Jul 15
Tecogen Inc. has filed a Follow-on Equity Offering. Tecogen Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,666,667 Reported Earnings • May 15
First quarter 2025 earnings released: US$0.026 loss per share (vs US$0.044 loss in 1Q 2024) First quarter 2025 results: US$0.026 loss per share (improved from US$0.044 loss in 1Q 2024). Revenue: US$7.28m (up 18% from 1Q 2024). Net loss: US$659.9k (loss narrowed 40% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Ankündigung • Apr 30
Tecogen Inc., Annual General Meeting, Jun 10, 2025 Tecogen Inc., Annual General Meeting, Jun 10, 2025. Location: 76 treble cove road, north billerica, massachusetts 01862, United States Reported Earnings • Mar 18
Full year 2024 earnings released: US$0.19 loss per share (vs US$0.18 loss in FY 2023) Full year 2024 results: US$0.19 loss per share (further deteriorated from US$0.18 loss in FY 2023). Revenue: US$22.6m (down 10.0% from FY 2023). Net loss: US$4.76m (loss widened 3.5% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 06
Tecogen Inc. to Report Q4, 2024 Results on Mar 18, 2025 Tecogen Inc. announced that they will report Q4, 2024 results on Mar 18, 2025 New Risk • Dec 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€26.5m market cap, or US$27.8m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.037 loss per share (vs US$0.019 loss in 3Q 2023) Third quarter 2024 results: US$0.037 loss per share (further deteriorated from US$0.019 loss in 3Q 2023). Revenue: US$5.63m (down 21% from 3Q 2023). Net loss: US$930.4k (loss widened 93% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Ankündigung • Oct 25
Tecogen Inc. to Report Q3, 2024 Results on Nov 14, 2024 Tecogen Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 New Risk • Aug 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.5m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€23.5m market cap, or US$26.1m). New Risk • Aug 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$1.5m free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (€19.4m market cap, or US$21.4m). Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.062 loss per share (vs US$0.031 loss in 2Q 2023) Second quarter 2024 results: US$0.062 loss per share (further deteriorated from US$0.031 loss in 2Q 2023). Revenue: US$4.73m (down 30% from 2Q 2023). Net loss: US$1.54m (loss widened 97% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 25
Tecogen Inc. to Report Q2, 2024 Results on Aug 08, 2024 Tecogen Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 10
First quarter 2024 earnings released: US$0.044 loss per share (vs US$0.06 loss in 1Q 2023) First quarter 2024 results: US$0.044 loss per share (improved from US$0.06 loss in 1Q 2023). Revenue: US$6.19m (up 15% from 1Q 2023). Net loss: US$1.10m (loss narrowed 26% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Ankündigung • Apr 24
Tecogen Inc., Annual General Meeting, Jun 06, 2024 Tecogen Inc., Annual General Meeting, Jun 06, 2024, at 13:00 Eastern Daylight. Location: at 76 Treble Cove Road, North Billerica, Massachusetts 01862 Massachusetts United States Agenda: To elect seven directors to the Board of Directors of the Company to hold office until the next annual meeting or until their successors are duly elected and qualified; to ratify the appointment of Wolf & Company, P.C. as the Company's independent registered public accounting firm; to approve an amendment to Amended and Restated Certificate of Incorporation (“certificate of incorporation”) to effect a combination of the outstanding shares of common stock into a lesser number of shares, or a reverse stock split, ranging from 1-for-4 to 1-for-6, the specific ratio of such split, the implementation and timing of which shall be subject to the discretion of the Board; and to approve, on a non-binding advisory vote basis, the compensation paid to the named executive officers of the Company for 2023. Ankündigung • Apr 23
Tecogen Inc. to Report Q1, 2024 Results on May 09, 2024 Tecogen Inc. announced that they will report Q1, 2024 results on May 09, 2024 Reported Earnings • Mar 14
Full year 2023 earnings released: US$0.18 loss per share (vs US$0.099 loss in FY 2022) Full year 2023 results: US$0.18 loss per share (further deteriorated from US$0.099 loss in FY 2022). Revenue: US$25.1m (flat on FY 2022). Net loss: US$4.60m (loss widened 88% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 26% per year. Ankündigung • Feb 09
Tecogen Inc. to Report Fiscal Year 2023 Results on Mar 14, 2024 Tecogen Inc. announced that they will report fiscal year 2023 results on Mar 14, 2024 Recent Insider Transactions • Jan 17
Board Member recently bought €67k worth of stock On the 16th of January, John Hatsopoulos bought around 100k shares on-market at roughly €0.67 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €522k more in shares than they have sold in the last 12 months. Ankündigung • Jan 08
Tecogen Launches Self-Learning Intelligent Control for Cogeneration Systems Tecogen Inc. announced that Tecogen has been developing and testing machine learning based intelligent control for cogeneration and cooling systems. The system self-learns from data on remote monitoring platform CHPInsight® and determines the optimum way to operate a chiller or cogeneration plant based on a building’s seasonal load profile. Testing on a selection of customer sites has resulted in reduced energy purchased from the utility and an increase in equipment run hours. This is a benefit for the customer and Tecogen as it increases customer savings and Tecogen’s service revenue. expect to start implementing this in many of service sites over the course of this year. Any cogeneration system connected to platform can be controlled centrally. This will also allow to act like a virtual power plant and participate in utility demand response programs. The capacity from multiple cogeneration systems can be aggregated and receive utility payments which can be shared with the customer. Since the self-learning intelligent control system is built on remote monitoring platform it can also be integrated with other distributed generation and cooling products. Ankündigung • Dec 15
Tecogen Inc. Announces Demise of Fred Holubow, Director of the Company The Board of Directors of Tecogen Inc. is deeply saddened to announced that, on December 12, 2023, it was informed of the death, on December 9, 2023, of Mr. Fred Holubow, a director of the company and a member of the board’s Audit Committee since June 2020. Until his death, Mr. Holubow served as a General Partner of Starbow Partners, an investor in early-stage healthcare ventures. From 2001 to December 2011, Mr. Holubow served as a Managing Director of William Harris Investors Inc., a registered investment advisory firm, and from 1982 to 2001 he served as Vice President of Pegasus Associates, a registered investment advisory firm he co-founded. Reported Earnings • Nov 10
Third quarter 2023 earnings released: US$0.019 loss per share (vs US$0.01 loss in 3Q 2022) Third quarter 2023 results: US$0.019 loss per share (further deteriorated from US$0.01 loss in 3Q 2022). Revenue: US$7.11m (up 7.5% from 3Q 2022). Net loss: US$481.6k (loss widened 88% from 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Ankündigung • Oct 24
Tecogen Inc. to Report Q3, 2023 Results on Nov 09, 2023 Tecogen Inc. announced that they will report Q3, 2023 results on Nov 09, 2023 Ankündigung • Oct 11
Tecogen Inc. announced that it expects to receive $1 million in funding Tecogen Inc. announced that it will issue promissory notes of $1,000,000 in a round of funding on October 9, 2023. The transaction will be raised in two tranches for $500,000 each. The notes will bear no interest and shall be payable at maturity. Ankündigung • Sep 27
Tecogen Inc. Appoints Susan Hirsch to Board of Directors Tecogen Inc. announced the appointment of Ms. Susan Hirsch to the Board of Directors to serve as an independent non-employee director of registrant to fill a vacancy in registrant’s board of directors. Ms. Hirsch was formerly Managing Director and Portfolio Manager for the TIAA Large Cap Growth Fund. Over the 15 years that she managed the fund, the assets under management grew to more than $20 billion. She is presently on the board of Agenus. Ms. Hirsch has over 40 years of experience in investment management and finance. Since 2020, she has served as a member of the Board of Directors and the Audit and Finance Committee of Agenus Inc. and she serves as a Trustee for the Baruch College Fund. From 2005 until February 2021, Ms. Hirsch was a Managing Director and Portfolio Manager at Nuveen Asset Management LLC, where she was responsible for managing over $20 billion in assets including the TIAA-CREF Large-Cap Growth Fund. Prior to joining Nuveen, she served as Executive Vice President and Portfolio Manager for the Mid-Cap Growth and Technology Sector portfolios at Jennison Associates. Ms. Hirsch’s previous experience also includes investment management positions at Lehman Brothers Global Asset Management and Delphi Asset Management as a Senior Portfolio Manager for the Selected Growth Stock Portfolio. She began her career as an analyst at Smith Barney and Lehman Brothers where the success of her quantitative model led to her subsequent recognition as a top ranked institutional analyst for small cap growth stocks in 1991, 1992 and 1993, and holds a BS in Accounting from Brooklyn College. Ms. Hirsch brings extensive investment and financial experience to Board. Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.031 loss per share (vs US$0.034 loss in 2Q 2022) Second quarter 2023 results: US$0.031 loss per share (improved from US$0.034 loss in 2Q 2022). Revenue: US$6.75m (up 5.2% from 2Q 2022). Net loss: US$780.1k (loss narrowed 8.9% from 2Q 2022). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Reported Earnings • May 12
First quarter 2023 earnings released: US$0.06 loss per share (vs US$0.004 profit in 1Q 2022) First quarter 2023 results: US$0.06 loss per share (down from US$0.004 profit in 1Q 2022). Revenue: US$5.38m (down 28% from 1Q 2022). Net loss: US$1.49m (down US$1.58m from profit in 1Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2022 earnings released: US$0.057 loss per share (vs US$0.15 profit in FY 2021) Full year 2022 results: US$0.057 loss per share (down from US$0.15 profit in FY 2021). Revenue: US$4.53m (down 81% from FY 2021). Net loss: US$1.42m (down 139% from profit in FY 2021). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Ankündigung • Feb 15
Tecogen Inc. to Report Fiscal Year 2022 Results on Mar 16, 2023 Tecogen Inc. announced that they will report fiscal year 2022 results at 9:30 AM, US Eastern Standard Time on Mar 16, 2023 Ankündigung • Jan 31
Tecogen Inc. Announces CEO Changes Tecogen Inc. announced the appointment of Dr. Abinand Rangesh as CEO. Dr. Rangesh is presently the CFO and a member of the Company's Board of Directors. He has been with the Company since 2016 and has held roles in various divisions including sales, business development and strategy. Prior to joining Tecogen, he was the CTO of Lumisolair, COO of Peek You and CEO of Lumi Ventures where he oversaw multiple startup investments for a high-net-worth investor. In addition, Dr. Rangesh has multiple design patents and has published multiple scientific papers in peer reviewed journals. Dr. Rangesh earned both his Ph.D. and engineering degree from the University of Cambridge, United Kingdom. The company thank Mr. Benjamin Locke, the outgoing CEO, for his years of dedicated service to the company. Ankündigung • Jan 25
Tecogen to Launch Smart Hybrid-Drive Air-Cooled Chiller At AHR 2023 Tecogen Inc. announced the launch of its smart Tecochill Hybrid-Drive Air-Cooled chiller (the “Hybrid-Drive”) at AHR 2023, the HVAC tradeshow in North America. The Hybrid-Drive chiller seamlessly combines two power sources, economical natural gas and electric power from the grid, offering customers up to 50% lower operating costs compared to alternative chillers, as well as dual-power-source resiliency. When the Hybrid-Drive is powered by the chiller’s integral natural gas engine, it produces chilled water for air-conditioning plus free engine heat that is recovered to produce usable hot water. Competing solutions are less efficient, have a higher greenhouse gas footprint, have a higher energy operating cost, and require a separate boiler to produce hot water. The Hybrid-Drive can track inputs from the electric power grid to enable customers to optimize economic savings and/or greenhouse gas reductions. Marginal grid power generation in the United States is currently predominantly fossil fuel-based, particularly during peak demand periods, so customers able to utilize both the chilled water and hot water generated by the chiller will benefit from both the lowest operating cost and the lowest greenhouse gas footprint. The Hybrid-Drive can maximize greenhouse gas reductions by using power from the electric grid when the grid incrementally is powered by renewable energy and can switch to engine power when the grid is generating higher greenhouse gas emissions. In addition, when grid power is more expensive during periods of high demand, the Hybrid-Drive can switch to operating on engine power, and then switch back to operating on the grid if prices become lower, enabling customers to optimize operations as electric grid costs and greenhouse gas emissions fluctuate. The Hybrid-Drive can also rely on engine power in the event of grid power outages, providing cooling for critical process applications when the electric grid is unavailable. The Hybrid-Drive is expected to be an excellent fit for applications such as controlled environment agriculture (CEA), healthcare, education, chiller rental, and industrial process cooling. Investments in the Hybrid-Drive chiller may also allow customers to benefit from a 40% federal Investment Tax Credit. Ankündigung • Dec 08
Tecogen Inc. Appoints Dr. John M Albertine to Board of Directors Tecogen Inc. announced the appointment of Dr. John M Albertine to the board of directors. Dr. Albertine has served on the Board of numerous public companies including Fruit of the Loom, Thermo Electron Corporation (now Thermo Fisher Corporation), American Precision Industries, Intersections Inc, DynaTech Corporation and Kadant inc. He has also served as the Vice Chairman of the Fruit of the Loom Company and has served on two Presidential Commissions under President Reagan. Presently he is the CEO of Albertine Enterprises Inc. a public policy and advocacy firm based in Washington DC. He is also the Managing Partner at JJ&B an investment banking firm. Dr. Albertine has a Ph.D. in Economics from the University of Virginia and Doctor of Humanities (honorary) from King's College, PA. He was also the Chair of the Economics Department at the Mary Washington College of the University of Virginia and an Adjunct Professor at the US Marine Corps, Command and Staff College at Quantico. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.01 loss per share (vs US$0.059 profit in 3Q 2021) Third quarter 2022 results: US$0.01 loss per share (down from US$0.059 profit in 3Q 2021). Revenue: US$6.62m (up 32% from 3Q 2021). Net loss: US$256.7k (down 118% from profit in 3Q 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.01 loss per share (vs US$0.059 profit in 3Q 2021) Third quarter 2022 results: US$0.01 loss per share (down from US$0.059 profit in 3Q 2021). Revenue: US$6.62m (up 32% from 3Q 2021). Net loss: US$256.7k (down 118% from profit in 3Q 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 19% share price gain to €1.14, the stock trades at a trailing P/E ratio of 39.4x. Average forward P/E is 12x in the Building industry in Europe. Total loss to shareholders of 44% over the past three years. Ankündigung • Oct 20
Tecogen Inc. to Report Q3, 2022 Results on Nov 10, 2022 Tecogen Inc. announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 10, 2022 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 32% share price gain to €1.20, the stock trades at a trailing P/E ratio of 31.3x. Average forward P/E is 12x in the Building industry in Europe. Total loss to shareholders of 46% over the past three years. Ankündigung • Sep 22
Tecogen Inc. Announces resignation of Ralph Jenkins as A Director of the Company Effective Immediately On September 19, 2022, Ralph Jenkins, a director of Tecogen Inc. notified the Company of his resignation as a director of the Company effective immediately in order to permit him to focus on other business and personal commitments. Mr. Jenkins’ resignation is not as a result of any disagreement with the Company on any matter related to the Company’s policies, practices, or operations. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.034 loss per share (vs US$0.016 profit in 2Q 2021) Second quarter 2022 results: US$0.034 loss per share (down from US$0.016 profit in 2Q 2021). Revenue: US$6.41m (up 4.4% from 2Q 2021). Net loss: US$856.2k (down 314% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Ankündigung • Jul 20
Tecogen Inc. to Report Q2, 2022 Results on Aug 11, 2022 Tecogen Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 11, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: EPS: US$0.004 (vs US$0.071 in 1Q 2021) First quarter 2022 results: EPS: US$0.004 (down from US$0.071 in 1Q 2021). Revenue: US$7.44m (up 23% from 1Q 2021). Net income: US$89.4k (down 95% from 1Q 2021). Profit margin: 1.2% (down from 29% in 1Q 2021). Over the next year, revenue is forecast to grow 19%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Ankündigung • May 05
Tecogen Inc. to Report Q1, 2022 Results on May 12, 2022 Tecogen Inc. announced that they will report Q1, 2022 results on May 12, 2022 Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 20% share price gain to €1.37, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 58% over the past three years. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.15 (up from US$0.25 loss in FY 2020). Revenue: US$24.4m (down 14% from FY 2020). Net income: US$3.70m (up US$9.85m from FY 2020). Profit margin: 15% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 32%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Ankündigung • Feb 16
Tecogen Inc. to Report Fiscal Year 2021 Results on Mar 10, 2022 Tecogen Inc. announced that they will report fiscal year 2021 results on Mar 10, 2022 Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS US$0.059 (vs US$0.009 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: US$5.02m (down 30% from 3Q 2020). Net income: US$1.47m (up US$1.70m from 3Q 2020). Profit margin: 29% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS US$0.016 (vs US$0.026 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: US$6.15m (down 17% from 2Q 2020). Net income: US$399.6k (up US$1.05m from 2Q 2020). Profit margin: 6.5% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors CFO & Director Abinand Rangesh was the last director to join the board, commencing their role in 2021. Reported Earnings • May 15
First quarter 2021 earnings released: EPS US$0.071 (vs US$0.048 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$6.06m (down 24% from 1Q 2020). Net income: US$1.77m (up US$2.97m from 1Q 2020). Profit margin: 29% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Breakeven Date Change • May 15
Forecast breakeven pushed back to 2022 The analyst covering Tecogen previously expected the company to break even in 2021. New forecast suggests losses will reduce by 70% to 2021. The company is expected to make a profit of US$1.58m in 2022. Average annual earnings growth of 60% is required to achieve expected profit on schedule. Executive Departure • Mar 31
Independent Director has left the company On the 29th of March, Deanna Petersen's tenure as Independent Director ended after 3.7 years in the role. We don't have any record of a personal shareholding under Deanna's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Mar 13
Full year 2020 earnings released: US$0.25 loss per share (vs US$0.19 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$28.3m (down 16% from FY 2019). Net loss: US$6.15m (loss widened 31% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 13
Revenue misses expectations Revenue missed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 56%, compared to a 5.6% growth forecast for the Building industry in Germany. Is New 90 Day High Low • Mar 06
New 90-day high: €2.12 The company is up 93% from its price of €1.10 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 11% over the same period. Ankündigung • Mar 04
Tecogen Inc. Sells InVerde Cogeneration Systems for New York School District Tecogen Inc. announced the sale of two InVerde e+ cogeneration systems for use at a school district in upstate New York. One of the systems will be installed in the district’s middle school and the other in the elementary school. Both units will provide electricity and heat to the facility at a discount to their existing utilities. The cogeneration installation is part of a larger energy services package to the district provided by a large Energy Services Company (ESCO). Tecogen has installed and maintained over 300 cogeneration and chiller systems in the upstate New York area, primarily in school systems. This project will be serviced from Tecogen’s Western New York service center in Rochester, NY. Ankündigung • Feb 17
Tecogen Inc. to Report Fiscal Year 2020 Results on Mar 11, 2021 Tecogen Inc. announced that they will report fiscal year 2020 results on Mar 11, 2021 Is New 90 Day High Low • Feb 11
New 90-day high: €1.44 The company is up 75% from its price of €0.82 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period. Ankündigung • Jan 15
Tecogen Receives Tecochill Order for Massachusetts Cultivation Facility Tecogen Inc. announced the sale of two 200-ton Tecochill chillers for a new cannabis cultivation facility located in Massachusetts. The chillers will provide cooling for the facility using inexpensive natural gas, with the free waste heat utilized for dehumidification. A maintenance contract is expected to be executed once the units are installed later this year and will be serviced out of Tecogen’s Waltham factory service center. The Tecochill system is expected to reduce the facility’s cooling costs by almost 50% when compared to traditional electric chillers. In addition to energy cost savings, the Tecochill solution also provides a substantial greenhouse gas (GHG) reduction for the facility, as the efficiency of the Tecochill combined heat and power system is significantly higher than a typical electric utility. Reducing a facility’s carbon footprint is an important consideration for cannabis cultivation owners when considering compliance with state GHG reduction targets. Because the Tecochill system runs on natural gas it does not rely on the electric grid to operate and provides additional resiliency to grid outages by reducing the size of back-up generation systems required to keep the facility operational. This is a particularly important consideration for cultivation facilities producing a high value crop in areas that may be susceptible to weather related power outages. Tecogen has provided Tecochill chillers for 15 Massachusetts cannabis cultivation facilities, providing significant cost savings and greenhouse gas benefits when compared to traditional electric chillers. Many facilities are also eligible for energy efficiency incentives from local utilities for achieving efficiency goals, thereby reducing the capital cost to install equipment providing efficient gas cooling. Is New 90 Day High Low • Jan 07
New 90-day high: €1.21 The company is up 32% from its price of €0.92 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 14% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: €1.01 The company is up 45% from its price of €0.69 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. Reported Earnings • Nov 16
Third quarter 2020 earnings released: US$0.009 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$7.20m (down 17% from 3Q 2019). Net loss: US$231.9k (loss narrowed 60% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue misses expectations Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 30%, compared to a 2.6% growth forecast for the Building industry in Germany. Reported Earnings • Nov 13
Third quarter 2020 earnings released: US$0.009 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$7.20m (down 17% from 3Q 2019). Net loss: US$231.9k (loss narrowed 60% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 30%, compared to a 2.6% growth forecast for the Building industry in Germany. Ankündigung • Nov 11
Tecogen Licenses Origin Engines to Use Ultera Emissions Reduction Technology Tecogen Inc. announced the execution of a License Agreement with Origin Engines Inc. relating to the use of Tecogen's Ultera emissions reduction technology with engines they supply to a range of customers. The agreement gives Origin Engines exclusive rights to incorporate Ultera on certain engines they sell to specified customers or into certain markets, including oil and gas, power generation, lift trucks, forestry, and distributed energy systems. Tecogen retains all other rights to the Ultera emissions reduction technology and the right to collaborate with and license the technology to others. The Ultera emissions reduction system has been patented extensively by Tecogen both domestically and internationally and successfully commercialized on Tecogen's natural gas engine products for a decade. The effectiveness of the Ultera technology in lowering engine criteria emissions (those constituents creating SMOG) to near-zero values has been demonstrated in a variety of engines and fuels (natural gas, gasoline, biomethane and propane) in sizes from 60 to 800 horsepower. In addition to Tecogen's own cooling and cogeneration products, Ultera kits have been sold commercially to customers in Southern California for retrofit in power generation, aeration, and water pumping, applied to engines manufactured by Caterpillar, Ford, and Hino, all of which have been successfully permitted to the current requirements for the highly regulated region. Is New 90 Day High Low • Oct 29
New 90-day high: €0.99 The company is up 64% from its price of €0.60 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 5.0% over the same period. Ankündigung • Oct 16
Tecogen Receives Order for Three Tecopower Systems for City Housing Authority Tecogen Inc. announced the sale of three 75 kW Tecopower systems to an Energy Services Company. The units will be installed on behalf of a Housing Authority in Massachusetts. The system replaces a competitor’s existing cogeneration system that was retired early. The Tecopower system was introduced by Tecogen in the mid-1980s as the first modular cogeneration system. Since then, Tecogen has delivered thousands of systems in the United States and maintains the large fleet of modular cogeneration systems in the country. Many of Tecogen’s Tecopower units are operating at housing authority buildings across the country, as many have come to value the energy savings and rely upon the operational cost savings to balance their budgets. Ankündigung • Oct 10
Tecogen Announces Additional Sales of Eco-Friendly TecoChill Systems Tecogen Inc. announced multiple sales of TecoChill STx series chillers, including a 200 ton TecoChill for a school in Connecticut, and two 150 ton TecoChill units to a public works utility in Virginia. These systems will provide a total of 500 tons of natural gas engine driven cooling and reduce electric demand by 300 kW using inexpensive natural gas instead of electricity. By using the free heat recovery from the TecoChill systems, the aggregate greenhouse gas reduction potential from the projects is estimated to be approximately 150 tons of CO2 per year. TecoChill systems offset emissions from the incremental electrical generation otherwise required during periods of peak electrical demand in the summer months. The TecoChill system is approximately 90% efficient because it uses the heat generated by the chiller, resulting in net GHG reductions when compared to electric chillers using less efficient grid power. Ankündigung • Oct 07
Tecogen Inc. Announces Order for TecoChill® Air-Cooled Chiller Tecogen Inc. announced the sale of a TecoChill® CH-50 air-cooled chiller to a large residential facility in Connecticut. The 50-ton chiller will replace an existing TecoChill 25-ton chiller to satisfy increased cooling load at the facility. The air-cooled system provides chilled water without the need for a cooling tower and is installed outdoors for ambient air cooling of the condenser. The project qualifies for a $300/ton incentive for grid congestion reduction at peak times and will be installed in time for the 2021 cooling season. Tecogen will service the upgraded system from its East Windsor, Connecticut factory service center. Ankündigung • Oct 03
Tecogen Inc. Announces Order for Tecofrost Refrigeration Compressor Tecogen Inc. announced the sale of a Tecofrost natural gas engine driven refrigeration compressor to a food processing facility in Connecticut. The Tecofrost unit will be incorporated into an existing ammonia refrigeration system at the facility while simultaneously using free heat recovery for process hot water. The Tecofrost compressor will reduce the facility’s energy costs and carbon footprint while providing added resilience to grid outages. The food processing facility has an existing electric compressor system for refrigeration and cooling requirements to which the Tecofrost system will add 150 HP of gas engine compressor capacity, resulting in electric savings, redundancy, and resilience to grid outages for the refrigeration system. Waste heat will also be used for process water and heating, resulting in additional energy savings. The system is expected to be commissioned in early 2021 and will be serviced from the company’s East Windsor, Connecticut factory service center. The Tecofrost system is a natural gas engine driven refrigeration package designed for industrial refrigeration applications from -40°F to +40°F and is ideal for applications requiring circulated refrigerant for cooling operations. The system is designed for simple installation similar to that for an electrically driven refrigeration package and is a critical tool to help facilities reduce operating costs and increase resiliency from the electric grid. Is New 90 Day High Low • Oct 01
New 90-day high: €0.76 The company is up 25% from its price of €0.61 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 10.0% over the same period. Ankündigung • Sep 23
Tecogen Inc. Receives Order for Multiple Ultera Emission Reduction Systems for Municipal Water Pumping Installation in Southern California Tecogen Inc. announced the sale of two of its proprietary Ultera emissions reduction systems for use by the Eastern Municipal Water District (EMWD) at its facility in Winchester, California. The sale is the second phase of the project, following completion of the engineering for the larger Ultera system required for the 800-horsepower natural gas Caterpillar engines being procured for the project. The pumps at the installation site were previously powered by engines that are being replaced by EMWD in part to ensure compliance with the highly stringent emissions requirements of the South Coast Air Quality Management District (SCAQMD). SCAQMD has jurisdiction over air regulatory matters in large portions of Riverside, Los Angeles, Orange, and San Bernardino Counties. Ankündigung • Sep 19
Tecogen Inc. Receives Tecochill Order for Massachusetts Cultivation Facility Tecogen Inc. receives orders for two 400-ton Tecochill chillers for a cannabis cultivation facility in Massachusetts. The chillers will provide cooling for the facility using inexpensive natural gas, with the free waste heat utilized for dehumidification. A maintenance contract is expected to be executed once the units are installed later this year and will be serviced out of Tecogen's Waltham factory service center. The customer also plans to install additional Tecochill systems in the second phase of the facility. The Tecochill units for this facility reduce its electric capacity requirements by approximately 600 kW, thereby reducing both operating costs and facility infrastructure requirements. The two 400-ton Tecochill chillers are also expected to reduce the facility's GHG footprint by more than 700 tons/year compared to electric cooling. Ankündigung • Sep 18
Tecogen Receives Order for Trigeneration Project in Manhattan Tecogen Inc. announce an order for three InVerde e+ microgrid enabled cogeneration units for installation in a commercial building in Manhattan. The system will be part of a trigeneration plant providing 375 kW to the building and 120 tons of absorption cooling, as well as providing backup power to the complex in the event of a grid outage. An Energy Services Company (ESCO) will acquire and own the system and will sell energy to the complex at a rate discounted from the existing electric utility under an energy services agreement with the complex. Once installation is completed in 2021, Tecogen will enter into a long-term service agreement with the ESCO for the duration of the energy service agreement, and the facility will be serviced from Tecogen’s Piscataway, NJ service center. 
