Tecogen Inc. Common Stock (TGEN)

FairStock Score: 30/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach a company like Tecogen as a businessman, not a ticker watcher. It designs, makes, and maintains cogeneration equipment for commercial and industrial buildings. That can be a decent niche, but the numbers show a business that has not yet proven it can earn a profit. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $5.7M and net income was -$2.1M. Fiscal Q1 2026, ended 2026-03-31, had revenue of $6.3M and net income of -$2.1M. In FY2025, ended 2025-12-31, revenue was $27.1M, net income was -$8.2M, and diluted EPS was -$0.30. FY2024 and FY2023 also lost money: -$4.8M and -$4.6M respectively. FairStock's calculation shows a P/E of -6.39 and a P/B of 3.48 at the $2.30 close on 2026-10-13. The company has a market cap of $69.4M and trailing free cash flow of -$11.8M, a FairStock-calculated FCF yield of -17.1%. FairStock-calculated Piotroski is 1/9 and Altman is 0.86, which are not signs of financial strength. Debt-to-equity of 0.15 is modest, but FairStock-calculated ROE of -78.34% and ROCE of -19.61% show capital is being consumed. The Lynch category is none because it has lost money in each of the last four years. Beta of 2.17 tells me the price can swing violently. I would want to see revenue stabilize, losses narrow, and cash flow turn positive before calling this anything but speculative. At $2.30, the price may look low versus the 52-week high of $11.90, but low price is not value if the business keeps shrinking and burning cash.

In plain English: Tecogen makes and services equipment that produces both heat and electricity for buildings. The business looks weak: it has lost money in recent years, sales have recently fallen, and it burns cash. At the $2.30 close on 2026-10-13, the price does not look clearly cheap against current losses and cash use; it looks more like a speculative turnaround than a proven bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer