Tecogen Inc. (TGEN) AI Stock Analysis

Tecogen Inc. designs, manufactures, markets, and maintains cogeneration products for multi-family residential, commercial, recreational, and industrial use in the United States. It operates across three segments: Products, Services, and Energy Production. The Products segment provides industrial and commercial cogeneration systems and refrigeration compressors to customers such as hospitals, schools, hotels, multi-unit residential buildings, and food processors. Its Services segment delivers operations, maintenance, parts sales, and installation services. Under the Energy Production segment, Tecogen installs, operates, and maintains distributed generation systems, selling electricity, heat, hot water, and cooling under long-term agreements. Its portfolio includes InVerde e+, TecoPower, and Tecochill chiller systems.

Between FY2020 and FY2025, Tecogen recorded a 5-year revenue CAGR of -0.9%. Annual revenue fluctuated from $24.4M in FY2021 to $25.0M in FY2022, $25.1M in FY2023, and $22.6M in FY2024 before rising 19.7% to $27.1M in FY2025. Gross margin contracted over this timeframe from 47.5% in FY2021 to 36.3% in FY2025. Operating margin declined from -5.0% in FY2021 to -26.3% in FY2025. Net income was $3.7M in FY2021 but fell into consecutive losses, reaching -$8.2M in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $24.6M with a profit margin of -42.3%, as quarterly revenue fell 21.2% year-over-year.

As of June 30, 2026, Tecogen held $6.8M in cash and short-term investments alongside total debt of $2.6M, resulting in net cash of $4.2M. Total assets stood at $31.6M against shareholders' equity of $17.7M. The company maintains liquidity with a current ratio of 2.93 and a debt-to-equity ratio of 0.15. In FY2025, operating cash flow was -$9.9M and capital expenditures were $400,781, resulting in free cash flow of -$10.3M. Over the past five years, the company's share count increased by 19.4%.

Tecogen has a market capitalization of $63.1M and an enterprise value of $90.9M. The stock trades at a price-to-sales ratio of 2.6x and a forward P/E of 22.5x, compared to the median of its US-listed Industrials peers of 1.5x and 17.2x, respectively. Its price-to-book ratio is 5.4x, and EV-to-revenue is 3.7x. Over the past year, TGEN shares declined 79.8%, trailing the S&P 500 return of 16.8%. Over five years, the stock gained 18.7% compared to an 83.0% return for the benchmark.

For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $25.8M and an EPS of -$0.29. For the next fiscal year, 1 analyst estimates revenue will grow 128.5% to $59.0M, with EPS projected at $0.15. The mean price target is $8.17, which stands 290.8% above the last closing price of $2.09. Over the last four quarters, the company met or exceeded earnings expectations with 2 EPS beats. The next earnings date is November 11, 2026.

This page is an AI-written research summary of Tecogen Inc. (TGEN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TGEN income statement, TGEN balance sheet, TGEN key metrics, TGEN analyst forecast, TGEN chart. See the TGEN stock overview for the latest quote and news.