Northland starts Tecogen at Outperform on ‘major opportunity’ in data centers

As previously reported, Northland initiated coverage of Tecogen (TGEN) with an Outperform rating and $4.50 price target The firm sees “a major opportunity for adoption” of Tecogen’s proprietary natural-gas powered chillers for data centers, the analyst tells investors. The company’s technology is proven in other industries and Tecogen has a major marketing partner, notes the analyst, who sees the first data center win occurring this year.