Tecogen
Builds natural-gas cogeneration, cooling, and energy systems with lifecycle service.
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Profile
Sells built-to-order natural-gas cogeneration systems, engine-driven chillers, emissions controls, and related accessories. Services long-term maintenance contracts and produces energy at host sites through owned equipment, with lifecycle service as the core revenue base.
Builds to order TecoPower and InVerde cogeneration and microgrid systems, Tecochill engine-driven chillers, Tecofrost refrigeration equipment, Ultera emissions controls, and installation accessories. These systems generate on-site electricity and useful heat or provide cooling by using natural-gas engines, serving hospitals, education, hospitality, multifamily, industrial, and food-processing sites, with data centers an emerging target.
Maintains equipment through factory service centers, long-term maintenance agreements, parts, and remote CHPInsight monitoring, while ADGE owns selected host-site systems and sells their power or thermal output under long-term contracts. Its economics depend on the regional spread between natural gas and grid electricity, plus permitting, emissions rules, utility interconnection, incentives, supplier availability, and conversion of early data-center demand through the Vertiv relationship.
Company facts
Key statistics
Year to date −41.4% · Average volume (30d) 221.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| May 15, 2026 | Northland Securities | Target | $7.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.08 | −$0.07 | +16.0% | $5.9M | $5.7M | −1.8% | +4.49% |
| May 12, 2026Q1 FY26 | −$0.10 | −$0.07 | +30.0% | $5.5M | $6.3M | +15.4% | +19.86% |
| Mar 18, 2026Q4 FY25 | −$0.10 | −$0.09 | +10.0% | $4.7M | $5.3M | +12.4% | +9.00% |
| Nov 12, 2025Q3 FY25 | −$0.05 | −$0.07 | −40.0% | $4.7M | $7.2M | +51.9% | −5.96% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $7.3M | $7.3M | $7.2M | $5.3M | $6.3M | $12.1M | |
| Gross profit | $3.2M | $2.5M | $2.2M | $2.0M | $2.6M | $4.8M | |
| Operating income | −$594.2K | −$1.4M | −$2.1M | −$3.0M | −$2.1M | −$4.3M | |
| Net income | −$659.9K | −$1.5M | −$2.1M | −$4.0M | −$2.1M | −$4.3M | |
| Diluted EPS | −$0.03 | −$0.06 | −$0.07 | −$0.13 | −$0.07 | −$0.14 | |
| Gross margin | 44.3% | 33.8% | 30.4% | 36.8% | 40.9% | 39.4% | |
| Operating margin | -8.2% | -19.4% | -29.2% | -56.9% | -33.7% | -35.5% |
Fiscal years (4-quarter sums)FY24 $22.6M · FY25 $27.1M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.8M · Total debt $2.6M · Total assets $31.6M · Shareholders' equity $17.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 29.92M · Float 17.93M · 59.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Portolan Capital Management, LLC | 1.55M | 5.19% | 13G | Jun 10, 2026 |
| Vanguard Capital Management LLC | 770.0K | 2.57% | 13F | May 15, 2026 |
| Bard Associates Inc | 688.3K | 2.30% | 13F | May 8, 2026 |
| Clear Harbor Asset Management, LLC | 650.0K | 2.17% | 13F | May 5, 2026 |
| Herald Investment Management Ltd | 420.0K | 1.40% | 13F | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Capstone Energy+
Direct microturbine CHP, microgrid, and energy-service rival.
- Caterpillar
Scaled natural-gas generation and dealer-service substitute.
- Cummins
Natural-gas generation and data-center power alternative.
- Trane Technologies
Electric and liquid cooling alternative for commercial data centers.
- Carrier Global
High-capacity electric chiller rival in data-center cooling.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tecogen | $3.14 | +0.32% | $93.0M | — | — | 3.0 | −21.2% |
| Capstone Energy+ | $5.98 | −0.17% | $192.7M | — | 39.7 | 1.9 | −10.7% |
| Caterpillar | $799.82 | −0.02% | $368.62B | 34.4 | 27.8 | 4.9 | +24.0% |
| Cummins | $564.40 | −0.03% | $77.94B | 28.9 | 17.0 | 2.2 | +9.4% |
| Trane Technologies | $445.75 | −0.75% | $98.78B | 34.0 | 27.3 | 4.4 | +10.6% |
| Carrier Global | $58.46 | −0.55% | $48.46B | 40.8 | 19.2 | 2.2 | +3.9% |
| Median | 34.2 | 27.3 | 2.2 | +9.4% |