Tecogen initiated with a Buy at Roth Capital

Roth Capital analyst Chip Moore initiated coverage of Tecogen (TGEN) with a Buy rating and $15 price target The company is positioned to benefit from a “compelling opportunity” in the data center cooling market, the analyst tells investors in a research note. The firm sees revenue growth of 50% for Tecogen in fiscal 2026 and 74% in 2027. Tecogen should experienced an inflection to positive adjusted EBITDA later next year, Roth adds.