Tecogen (TGEN)
Market Price (2/18/2026): $3.85 | Market Cap: $97.2 MilSector: Industrials | Industry: Electrical Components & Equipment
Tecogen (TGEN)
Market Price (2/18/2026): $3.85Market Cap: $97.2 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Distributed Energy Resources, Show more. | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 499x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7% | |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.9% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6% | |
| High stock price volatilityVol 12M is 124% | |
| Key risksTGEN key risks include [1] its ongoing challenge to achieve sustained profitability, Show more. |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -60% |
| Megatrend and thematic driversMegatrends include Smart Grids & Grid Modernization, Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Distributed Energy Resources, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -3.8 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -14% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 499x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.9% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.6% |
| High stock price volatilityVol 12M is 124% |
| Key risksTGEN key risks include [1] its ongoing challenge to achieve sustained profitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Disappointing Third Quarter 2025 Financial Results: Tecogen reported an increased net loss of $2.13 million for the quarter ended September 30, 2025, compared to a net loss of $0.93 million in the prior year period. The gross profit margin also significantly dropped to 30.4% from 44.1% a year earlier, driven by decreased gross profit from the Services segment and higher operating expenses. This weaker-than-expected profitability, announced on November 12, 2025, negatively impacted investor sentiment.
2. Negative Outlook and Regulatory Headwinds: The company faces projections of declining consolidated margins due to an increasing mix of product sales and significant sales challenges, particularly in its crucial New York City market, attributed to regulatory changes. Furthermore, Energy Production sales are forecasted to steadily decrease from FY25 to FY27, indicating a downward trend in a segment.
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Stock Movement Drivers
Fundamental Drivers
The -61.4% change in TGEN stock from 10/31/2025 to 2/17/2026 was primarily driven by a -61.4% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2172026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.98 | 3.85 | -61.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 26 | 0.0% |
| P/S Multiple | 9.6 | 3.7 | -61.4% |
| Shares Outstanding (Mil) | 25 | 25 | 0.0% |
| Cumulative Contribution | -61.4% |
Market Drivers
10/31/2025 to 2/17/2026| Return | Correlation | |
|---|---|---|
| TGEN | -61.4% | |
| Market (SPY) | 0.1% | 34.2% |
| Sector (XLI) | 12.9% | 41.2% |
Fundamental Drivers
The -60.2% change in TGEN stock from 7/31/2025 to 2/17/2026 was primarily driven by a -63.7% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2172026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.68 | 3.85 | -60.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24 | 26 | 10.8% |
| P/S Multiple | 10.2 | 3.7 | -63.7% |
| Shares Outstanding (Mil) | 25 | 25 | -1.2% |
| Cumulative Contribution | -60.2% |
Market Drivers
7/31/2025 to 2/17/2026| Return | Correlation | |
|---|---|---|
| TGEN | -60.2% | |
| Market (SPY) | 8.3% | 36.4% |
| Sector (XLI) | 15.7% | 33.7% |
Fundamental Drivers
The 59.8% change in TGEN stock from 1/31/2025 to 2/17/2026 was primarily driven by a 38.6% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2172026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.41 | 3.85 | 59.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 26 | 17.1% |
| P/S Multiple | 2.7 | 3.7 | 38.6% |
| Shares Outstanding (Mil) | 25 | 25 | -1.6% |
| Cumulative Contribution | 59.8% |
Market Drivers
1/31/2025 to 2/17/2026| Return | Correlation | |
|---|---|---|
| TGEN | 59.8% | |
| Market (SPY) | 14.5% | 27.4% |
| Sector (XLI) | 27.8% | 28.8% |
Fundamental Drivers
The 213.0% change in TGEN stock from 1/31/2023 to 2/17/2026 was primarily driven by a 234.7% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2172026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.23 | 3.85 | 213.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 28 | 26 | -5.0% |
| P/S Multiple | 1.1 | 3.7 | 234.7% |
| Shares Outstanding (Mil) | 25 | 25 | -1.6% |
| Cumulative Contribution | 213.0% |
Market Drivers
1/31/2023 to 2/17/2026| Return | Correlation | |
|---|---|---|
| TGEN | 213.0% | |
| Market (SPY) | 74.2% | 17.2% |
| Sector (XLI) | 79.4% | 16.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TGEN Return | -2% | 4% | -35% | 81% | 237% | -23% | 212% |
| Peers Return | 36% | -21% | 60% | 54% | 39% | 36% | 402% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| TGEN Win Rate | 42% | 42% | 33% | 58% | 67% | 50% | |
| Peers Win Rate | 67% | 40% | 53% | 67% | 60% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TGEN Max Drawdown | -10% | -22% | -40% | -22% | 0% | -29% | |
| Peers Max Drawdown | -2% | -44% | -16% | -8% | -28% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GNRC, CMI, CAT, VRT, JCI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/17/2026 (YTD)
How Low Can It Go
| Event | TGEN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -68.5% | -25.4% |
| % Gain to Breakeven | 217.3% | 34.1% |
| Time to Breakeven | 380 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -70.0% | -33.9% |
| % Gain to Breakeven | 233.3% | 51.3% |
| Time to Breakeven | 277 days | 148 days |
Compare to GNRC, CMI, CAT, VRT, JCI
In The Past
Tecogen's stock fell -68.5% during the 2022 Inflation Shock from a high on 3/8/2021. A -68.5% loss requires a 217.3% gain to breakeven.
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About Tecogen (TGEN)
AI Analysis | Feedback
Here are 1-2 brief analogies for Tecogen:
- It's like a commercial HVAC company such as Carrier Global, but also integrating on-site electricity generation for ultimate energy efficiency.
- Think of it as the Bloom Energy (distributed fuel cell power) for natural gas engine-driven combined heat and power (CHP) systems.
AI Analysis | Feedback
- Combined Heat and Power (CHP) Systems: These natural gas engine-driven systems simultaneously produce electricity and useful heat, significantly improving energy efficiency for various applications.
- Air Conditioning and Refrigeration Systems: Tecogen manufactures natural gas engine-driven chillers and cooling systems primarily for commercial and industrial facilities.
- High-Efficiency Water Heaters: The company provides natural gas engine-driven commercial and industrial water heating units designed to offer superior energy efficiency.
AI Analysis | Feedback
Tecogen Inc. (TGEN) primarily sells its advanced energy systems, such as combined heat and power (CHP) units, chillers, and heat pumps, to other companies, institutions, and governmental organizations (B2B model).
According to its public filings, Tecogen serves a diverse and fragmented customer base and does not depend on a few specific "major customer companies" that individually account for a significant portion of its revenue. Therefore, it is not possible to list specific major customer companies by name or stock symbol.
Instead, Tecogen's customer base consists of a broad range of entities that fall into the following key market categories:
- Healthcare and Hospitality Facilities: This includes hospitals, nursing homes, hotels, and resorts. These customers benefit from Tecogen's systems for reliable, efficient power, heating, and cooling to ensure continuous operations and guest comfort while managing high energy demands.
- Educational and Recreational Institutions: Universities, schools, health clubs, ice rinks, and indoor swimming facilities often utilize Tecogen's products to meet their substantial energy demands for heating, cooling, and electricity, achieving significant cost savings and environmental benefits.
- Commercial and Industrial Buildings: This broad category encompasses large office complexes, multi-family residential buildings, data centers, and various industrial applications. These customers seek Tecogen's solutions for energy cost reduction, improved energy independence, and lower carbon footprints.
AI Analysis | Feedback
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AI Analysis | Feedback
```htmlAbinand Rangesh, Chief Executive Officer and Director
Abinand Rangesh has served as CEO of Tecogen since January 2023, having previously been the company's CFO since 2021. He joined Tecogen in 2016 and held various roles in sales, business development, and strategy. Prior to his time at Tecogen, he was the CTO of Lumisolair, a solar and wind-powered off-grid energy company, COO of Peek You, a software company, and CEO of Lumi Ventures, where he managed multiple startup investments for a high net worth investor. Dr. Rangesh holds multiple design patents and has published several scientific papers. He earned both his Ph.D. and engineering degree from the University of Cambridge, United Kingdom.
Roger Deschenes, Chief Financial Officer, Chief Accounting Officer and Treasurer
Roger Deschenes was appointed CFO and Treasurer of Tecogen in July 2025, having previously served as the company's Chief Accounting Officer since September 2020. He brings over 30 years of experience in accounting and finance, including roles as Division Chief Financial Officer at L3 Security Detection Systems, Inc. from 2017 to 2018, and as Vice President, Finance, Chief Financial Officer, and Chief Accounting Officer at Implant Sciences Corporation from 2010 to 2017. Mr. Deschenes also served as CAO of Saucony, Inc. He holds a B.S. in Business Administration from Salem State University and is a Certified Management Accountant.
Robert A. Panora, Chief Operations Officer and President
Robert Panora has been President of Tecogen since 2000. His extensive career at Tecogen began in 1984, during which he served as General Manager of the Product Group since 1990, and Manager of Product Development, Engineering Manager, and Operations Manager. Over his 41-year tenure, he has been responsible for sales and marketing, engineering, service, and manufacturing, and was instrumental in the development of the company's first product, the CM-60 cogeneration module. Mr. Panora holds B.S. and M.S. degrees in Chemical Engineering from Tufts University.
Stephen Lafaille, Vice President of Business Development
Stephen Lafaille joined Tecogen in 2010 as a Product Development Engineer, contributing to the development and market rollout of the company's Ilios gas heat pump product. He transitioned to a business development role, becoming Director of Business Development and later Vice President of Business Development. In this capacity, he is responsible for developing strategic partnerships, establishing new markets, and strengthening Tecogen's presence in existing key market verticals. Mr. Lafaille holds a B.S. and M.S. in Mechanical Engineering from the University of New Hampshire.
John N. Hatsopoulos, Lead Director
John N. Hatsopoulos serves as Lead Director of Tecogen and has been a member of its board of directors since the company's founding in 2000. He was Tecogen's CEO until 2014 and then Co-CEO until his retirement in 2018. Mr. Hatsopoulos also founded American DG Energy Inc. in 2001, serving as its CEO and Director, and later Co-CEO, until its merger with Tecogen in 2017. A co-founder of Thermo Electron Corporation (now Thermo Fisher Scientific), he previously held positions as President and Vice Chairman of the Board there. He was also Chairman of EuroSite Power Inc. from 2009 to 2016. Mr. Hatsopoulos graduated from Athens College in Greece and holds a B.S. in history and mathematics from Northeastern University, along with honorary doctorates.
AI Analysis | Feedback
The key risks to Tecogen's business are:1. Achieving and Sustaining Profitability
Tecogen has consistently reported net losses and negative cash flows, despite experiencing revenue growth. While the company is approaching its stated breakeven revenue target, it has not yet achieved consistent profitability. The ability to translate increased revenue into sustainable profits remains a central part of Tecogen's investment narrative, and ongoing profitability challenges could hinder its capacity to reinvest in the business and maintain operations.2. Reliance on Securing Large Data Center Orders and Market Adoption
Tecogen's future growth and current valuation are heavily dependent on its success in penetrating the data center cooling market and securing large-scale orders. The company's investment story largely revolves around the materialization of "huge orders" and the conversion of Letters of Intent (LOIs) into firm Purchase Orders (POs) within this sector. If these anticipated large orders do not materialize, or if the data center market push disappoints, the company's stock could face stagnation or decline. There is also a timing risk associated with securing these significant sales.3. Stock Price Volatility and Valuation Concerns
Tecogen's stock trades at a high price-to-sales multiple, and its share price has demonstrated significant volatility. The valuation is currently based on assumptions of robust future growth, which the company is beginning to deliver, but this leaves little room for error if the growth projections are not met. Additionally, there has been negative insider sentiment, driven by significant open-market selling from key executives, which could contribute to further stock price fluctuations.AI Analysis | Feedback
The clear emerging threat to Tecogen stems from the rapid advancements and decreasing costs of alternative distributed energy resources, specifically the combination of solar photovoltaic (PV) systems, battery energy storage, and efficient electric heat pumps. This integrated solution provides on-site electricity generation, energy storage for resilience, and efficient heating and cooling, directly competing with Tecogen's core offering of natural gas-fired combined heat and power (CHP) systems.
This alternative technology stack addresses the same customer needs for energy efficiency, cost savings, and reliability, but aligns more closely with global decarbonization trends by reducing or eliminating on-site fossil fuel combustion. The accelerating adoption rates and continuous technological improvements in solar PV, battery storage, and heat pump technologies pose a significant disruptive challenge, similar to how new digital platforms threatened traditional service models in the past.
AI Analysis | Feedback
Tecogen (TGEN) operates in several addressable markets with its main products and services, primarily focusing on combined heat and power (CHP) systems and chillers.
- Combined Heat and Power (CHP) Systems: The global combined heat and power market was estimated at USD 27.85 billion in 2024 and is projected to reach approximately USD 49.69 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.96% from 2025 to 2034. Europe held the largest market share in 2024 at 51%. In North America, CHP installation interest was 110.6 GW in 2019 and is anticipated to reach 142.8 GW by 2027.
- Micro Combined Heat and Power (mCHP) Systems: The global micro combined heat and power market size is estimated at USD 3.1 billion in 2024 and is expected to reach USD 7.1 billion by the end of 2033, with a CAGR of 9.8% from 2025 to 2033. Another estimate projects the global market to reach USD 4.8 billion by 2029, with a CAGR of 9.4% from 2024 to 2029. The Asia-Pacific region is anticipated to dominate this market, capturing a 34.1% revenue share in 2024.
- Chillers (specifically for Data Center Cooling): Tecogen's Tecochill chillers, including hybrid-drive models, target the data center cooling market. The global data center cooling industry is projected to grow from USD 20.5 billion in 2025 to USD 60.4 billion by 2033, demonstrating a 14.5% CAGR. Another estimate projects this global market to reach USD 56.15 billion by 2030, growing at a 16.4% CAGR.
- Natural Gas Engine Market (as a component of their products): The global natural gas engine market, which powers many of Tecogen's systems, was valued at USD 5.56 billion in 2024 and is expected to reach USD 8.28 billion by 2032, with a CAGR of 5.10% from 2025 to 2032.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Tecogen (TGEN) over the next 2-3 years:- Expansion into the Data Center Cooling Market: Tecogen is strategically focusing on the rapidly expanding data center cooling market, particularly for AI data centers, by positioning its Tecochill gas chillers. The company has established a strategic partnership with Vertiv and has secured a Letter of Intent (LOI) with a significant 100-megawatt-plus data center, with potential for expansion up to 500 megawatts. Additionally, Tecogen has launched a new dual power source 300-ton chiller specifically designed for data center cooling applications.
- Growth in Product Sales and Backlog Conversion: The company anticipates significant revenue growth from increased sales of its core products, including chillers and cogeneration systems. Tecogen has reported a robust and growing backlog of orders, which signals strong future revenue potential as these projects move through to completion. For example, Tecogen secured orders for twelve cogeneration systems for multiple buildings in the Northeast in November 2024. The company aims to enhance its production capacity to 80-100 chillers annually to meet anticipated demand.
- Increased Service Revenue and Improved Margins: Tecogen is targeting growth in its service revenue segment and aiming to achieve service gross profit margins exceeding 50% within the next 9 to 12 months. This is being driven by initiatives to improve labor efficiency, reduce service costs, and roll out engine improvements that are expected to increase service intervals.
AI Analysis | Feedback
Share Repurchases
- Tecogen's net common equity repurchased/issued from 2020 to 2025 indicates periods of both issuance and repurchase, with net common equity issued at $71,000 in 2024 and $0 in 2023 and 2022, and $1 in 2020.
Share Issuance
- Tecogen completed an underwritten public offering in July 2025.
- The number of shares outstanding for Tecogen increased by 0.55% in one year.
- Common shares outstanding were 25.57 million for the fiscal quarter ending June 30, 2025.
Outbound Investments
- In May 2024, Tecogen acquired service agreements for 31 additional cogeneration units.
- In February 2024, Tecogen acquired service agreements for 52 cogeneration units.
Capital Expenditures
- Capital expenditures were approximately $969,000 in 2024, $47,000 in 2023, $315,000 in 2022, $92,000 in 2021, and $60,000 in 2020.
- Tecogen's capital expenditures were approximately $690,516 in the last 12 months.
- The primary focus of recent and expected capital expenditures is on penetrating the data center cooling market, including a major chiller installation project at the Las Vegas Convention Center and anticipated data center projects by early 2025.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| 10-Day Sell-Off Sends Tecogen Stock Down 36% | 12/19/2025 | |
| Tecogen Earnings Notes | 12/16/2025 | |
| Can Tecogen Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 238.50 |
| Mkt Cap | 84.6 |
| Rev LTM | 17,098 |
| Op Inc LTM | 2,525 |
| FCF LTM | 1,593 |
| FCF 3Y Avg | 1,504 |
| CFO LTM | 1,905 |
| CFO 3Y Avg | 1,815 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.9% |
| Rev Chg 3Y Avg | 4.7% |
| Rev Chg Q | 12.4% |
| QoQ Delta Rev Chg LTM | 3.0% |
| Op Mgn LTM | 12.3% |
| Op Mgn 3Y Avg | 11.1% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 12.1% |
| CFO/Rev 3Y Avg | 11.2% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 8.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 84.6 |
| P/S | 3.7 |
| P/EBIT | 30.1 |
| P/E | 34.5 |
| P/CFO | 37.2 |
| Total Yield | 2.8% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 21.3% |
| 3M Rtn | 34.1% |
| 6M Rtn | 43.3% |
| 12M Rtn | 63.5% |
| 3Y Rtn | 186.3% |
| 1M Excs Rtn | 23.6% |
| 3M Excs Rtn | 31.7% |
| 6M Excs Rtn | 38.3% |
| 12M Excs Rtn | 57.1% |
| 3Y Excs Rtn | 125.3% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Services | 15 | 12 | 13 | ||
| Products | 9 | 11 | 10 | ||
| Energy Production | 2 | 2 | 2 | 2 | 3 |
| Corporate | 0 | -0 | -0 | -0 | -1 |
| Products and Services | 27 | 31 | |||
| Total | 25 | 25 | 24 | 28 | 33 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Products | 2 | ||||
| Energy Production | 1 | ||||
| Services | -0 | ||||
| Corporate | -6 | ||||
| Total | -4 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Services | 13 | 10 | 11 | ||
| Products | 9 | 10 | 12 | ||
| Energy Production | 3 | 4 | 4 | 4 | 9 |
| Corporate | 3 | 4 | 6 | ||
| Products and Services | 26 | 33 | |||
| Total | 28 | 28 | 32 | 30 | 41 |
Price Behavior
| Market Price | $3.85 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 10/16/2014 | |
| Distance from 52W High | -68.1% | |
| 50 Days | 200 Days | |
| DMA Price | $4.86 | $6.54 |
| DMA Trend | up | down |
| Distance from DMA | -20.8% | -41.1% |
| 3M | 1YR | |
| Volatility | 87.8% | 124.9% |
| Downside Capture | 446.90 | 261.98 |
| Upside Capture | 83.35 | 283.60 |
| Correlation (SPY) | 32.5% | 29.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.31 | 2.34 | 2.32 | 3.30 | 1.78 | 1.14 |
| Up Beta | -3.23 | -2.94 | 1.42 | 0.95 | 1.06 | 1.09 |
| Down Beta | 4.97 | 4.85 | 2.88 | 3.53 | 1.69 | 1.64 |
| Up Capture | -458% | -129% | -84% | 234% | 746% | 108% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 10 | 17 | 25 | 53 | 114 | 322 |
| Down Capture | 6% | 445% | 384% | 336% | 157% | 94% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 24 | 36 | 72 | 132 | 322 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TGEN | |
|---|---|---|---|---|
| TGEN | 99.7% | 124.1% | 1.11 | - |
| Sector ETF (XLI) | 28.4% | 19.2% | 1.17 | 30.5% |
| Equity (SPY) | 13.0% | 19.4% | 0.51 | 28.8% |
| Gold (GLD) | 67.2% | 25.5% | 1.99 | 4.4% |
| Commodities (DBC) | 5.2% | 16.8% | 0.13 | 9.6% |
| Real Estate (VNQ) | 7.8% | 16.6% | 0.28 | 15.3% |
| Bitcoin (BTCUSD) | -28.8% | 44.9% | -0.62 | 19.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TGEN | |
|---|---|---|---|---|
| TGEN | 28.5% | 101.2% | 0.75 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.75 | 14.6% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 14.0% |
| Gold (GLD) | 21.3% | 17.1% | 1.02 | 6.5% |
| Commodities (DBC) | 10.2% | 18.9% | 0.42 | 6.4% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 4.8% |
| Bitcoin (BTCUSD) | 8.2% | 57.2% | 0.36 | 8.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TGEN | |
|---|---|---|---|---|
| TGEN | 8.4% | 93.3% | 0.56 | - |
| Sector ETF (XLI) | 15.4% | 19.8% | 0.69 | 11.7% |
| Equity (SPY) | 15.8% | 17.9% | 0.76 | 10.3% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | 6.6% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 8.3% |
| Real Estate (VNQ) | 6.8% | 20.7% | 0.29 | 5.5% |
| Bitcoin (BTCUSD) | 68.5% | 66.7% | 1.08 | 8.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/12/2025 | -6.0% | -16.5% | -20.9% |
| 8/12/2025 | -2.4% | -2.9% | -19.6% |
| 3/17/2025 | -16.3% | -4.3% | -26.8% |
| 11/14/2024 | 1.1% | -5.5% | 90.1% |
| 8/8/2024 | 15.4% | 10.6% | 29.9% |
| 3/14/2024 | 0.0% | 8.6% | -0.0% |
| 11/8/2023 | -3.3% | -3.1% | -0.0% |
| 8/9/2023 | -7.9% | -6.1% | -12.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 6 | 7 |
| # Negative | 13 | 12 | 11 |
| Median Positive | 1.1% | 8.2% | 9.4% |
| Median Negative | -6.2% | -7.4% | -12.5% |
| Max Positive | 15.4% | 14.8% | 90.1% |
| Max Negative | -24.8% | -40.5% | -43.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/18/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/25/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lafaille, Stephen | VP of Business Development | Direct | Buy | 6242025 | 2.50 | 400 | 1,000 | 1,000 | Form |
| 2 | Lafaille, Stephen | VP of Business Development | Direct | Sell | 6242025 | 4.88 | 10,000 | 48,800 | 1,952 | Form |
| 3 | Lafaille, Stephen | VP of Business Development | Direct | Sell | 6242025 | 5.00 | 15,000 | 75,000 | 2,000 | Form |
| 4 | Lafaille, Stephen | VP of Business Development | Direct | Sell | 6242025 | 5.98 | 25,000 | 149,500 | 2,392 | Form |
| 5 | Lafaille, Stephen | VP of Business Development | Direct | Sell | 6242025 | 7.25 | 10,000 | 72,500 | 2,900 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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