Craig-Hallum bullish on Tecogen, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Tecogen (TGEN) with a Buy rating and $6 price target but lays out a “realistic path” towards a $10-$15 and beyond share price. The firm says AI/data center energy needs are driving the expansion of electricity demand for the first time in nearly two decades with cooling just as important as incremental power needs. Craig-Hallum further notes Tecogen is the only provider of natural gas engine driven chillers in the market offering cost savings, rapid paybacks, and redundancy as a drop-in replacement for electric air chillers with power freed up for compute/revenue generation.