Tecogen (TGEN) has received a new Buy rating, initiated by Roth MKM analyst, Chip Moore.
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Chip Moore has given his Buy rating due to a combination of factors that highlight Tecogen’s promising position in the market. The company is expected to benefit significantly from its involvement in the data center cooling market, which is projected to drive substantial revenue growth in the coming years. Tecogen’s extensive experience in cogeneration technology, which efficiently produces electricity and cooling from a single fuel source, positions it well for this opportunity.
Additionally, Tecogen’s strategic partnership with Vertiv, a leader in data center thermal management, is expected to enhance its market reach and product sales. The company’s path to profitability is supported by a growing backlog and recurring revenue from long-term service agreements. Furthermore, Tecogen’s domestic manufacturing capabilities and minimal tariff exposure provide a competitive advantage, while its proven technology and sustainability benefits add to its appeal. These factors collectively justify the premium valuation and the Buy rating assigned by Moore.