Company Snapshot: Tecogen Inc. (TGEN)

Tecogen Inc. (NASDAQ: TGEN – $3.82 & Fra: 2T1 – €3.01) has started 2018 with a bang. For its first quarter, ended March 31, 2018, the Company reported revenue of $10,175,427 compared to $6,846,767 for the same period in 2017, an outstanding increase of 48.6%. American DG Energy (ADGE), which was acquired in May 2017, added $1,782,535 in revenue to […]

Late February 2018, Tecogen Inc. (NASDAQ: TGEN – $3.36 & Fra: 2T1 – €2.59) signed a term sheet with a commercial lender regarding a credit facility that would permit the Company to borrow up to $10 million. The Company has now finalized this revolving line of credit agreement with Webster Business Credit Corporation. The funds borrowed are available based on […]

Tecogen (TGEN – $2.99 & Fra: 2T1 – €2.17), which designs, manufactures and sells industrial and commercial CHP systems, had a transformative 2017 as it generated a positive net income for the full year, successfully completed the acquisition of American DG Energy (ADGE), and repaid most of its debt. Both for the fourth quarter, as well as for the full […]

Tecogen Inc. (NASDAQ: TGEN – $2.88 & Fra: 2T1 – €2.24), that designs, manufactures, sells, installs, and maintains high efficiency, ultra-clean, cogeneration products, had a transformative 2017. The Company generated a positive net income for the full year, it successfully completed the acquisition of American DG Energy (ADGE), and repaid most of its debt. Tecogen is now moving forward into […]

Contrary to many other Letters to Shareholders, Tecogen (NASDAQ: TGEN – $2.40 & Fra: 2T1 – €1.80) this week published a very open and informative one. The Company, for example, mentioned that its order flow for both CHP and chillers units was exceptionally strong in the second half of 2017. As the chart below indicates, unit orders for chillers and […]

In the course of this month, the Bulova Corporate Center, the former home of the Bulova Watch Company located in Queens, NY, will install four 200-ton Tecochill water-cooled chillers. The Tecogen (NASDAQ: TGEN – $2.20 & Fra: 2T1 – €1.70) units will replace five 170-ton Tecochills that were installed in 1994, and which consequently were approaching the end of their […]

During the past 45 days, Tecogen Inc. (NASDAQ: TGEN – $2.45 & Fra: 2T1 – €1.83) sold no less than $4.1 million worth of InVerde e+ cogeneration units. The CHPs, with a total capacity of 800 kW, will be installed the coming months in six different apartment buildings in Manhattan, NY. Moreover, each deal comes with a long-term service contract, […]

A few weeks ago, Tecogen Inc. (TGEN – $2.52 & Fra: 2T1 – €2.32) and the co-investors in Ultra Emissions Technologies (ULTRATEK) decided to dissolve the joint venture, as they couldn’t reach an agreement on the path forward. Presumably, that process has now been completed, as Tecogen formed Ultera Technologies, Inc. The wholly owned subsidiary’s goal is to develop and […]

Tecogen Inc. (TGEN – $2.43) designs, manufactures and sells industrial and commercial CHP (Combined Heat & Power), or cogeneration, systems that produce combinations of electricity, hot water, and air conditioning. It’s a well-established Company that has already shipped over 2,500 units, some of which have been operating for more than 25 years. Revenue in the third quarter, ended September 30, […]

Tecogen Inc. (TGEN – $2.32), the vertically integrated clean technology Company that offers equipment design, manufacturing, installation, financing and long-term maintenance service, reported third quarter financial results. These were very important numbers for Tecogen in that it was the first full quarter in which American DG’s (ADGE) financials were integrated. Remember that American DG was acquired by Tecogen in May, […]