TECOGEN INC. TGEN
TECOGEN INC. (TGEN) earns a Piotroski F-score of 2/9 (weak financial health), with an Altman Z″ in the distress zone. It does not currently pay a dividend. FY2025 revenue was $27.1M at a -30.5% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.37 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Manufacturing · percentile among 1957 companies
Percentile vs other Manufacturing companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 2/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · distress zone
| Component | Value |
|---|---|
| Working capital / assets | 0.53 |
| Retained earnings / assets | -1.511 |
| EBIT / assets | -0.223 |
| Equity / liabilities | 1.395 |
Sector peers · similar-size Manufacturing companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| TGEN | TECOGEN INC. | 2/9 | -1.48 | — | +19.7% |
| EVOH | EvoAir Holdings Inc. | 3/9 | 7.28 | — | — |
| AAON | AAON, INC. | 3/9 | 5.47 | 96.5 | +20.1% |
| LII | LENNOX INTERNATIONAL INC | 5/9 | 7.18 | 24.4 | -2.7% |
| CARR | CARRIER GLOBAL Corp | 4/9 | 2.35 | 41.2 | -3.3% |
| JCI | Johnson Controls International plc | 6/9 | — | 25.7 | +2.8% |
| VFS | VinFast Auto Ltd. | 4/9 | -13.01 | — | +57.9% |
About TECOGEN INC.
Tecogen Inc., together with its subsidiaries, designs, manufactures, markets, and maintains cogeneration products for multi-family residential, commercial, recreational, and industrial use in the United States. It operates in three segments: Products, Services, and Energy Production. The Products segment designs, manufactures, and sells industrial and commercial cogeneration systems to hospitals and nursing homes, schools and universities, health clubs and spas, hotels and motels, office and retail buildings, food and beverage processors, multi-unit residential buildings, laundries, ice rinks, swimming pools, factories, municipal buildings, indoor agriculture, military installations, and indoor growing facilities; and refrigeration compressors for cold storage, wineries, dairies, ice rinks, and food processing industries. Its Services segment provides operations and maintenance services; and parts sales, and installation services. The Energy Production segment installs, operates, and maintains distributed own generation electricity systems and sells the energy generated by such systems in the form of electricity, heat, hot water, and cooling to its customers under long-term energy sales agreements. The company also offers natural gas-powered cogeneration systems for water and space heating, and/or air conditioning. Its product portfolio includes InVerde e+ and TecoPower cogeneration units for the supply electricity and hot water; Tecochill, an air-conditioning and refrigeration chiller, and hybrid-drive air-cooled and gas engine-driven chiller to produce chilled water and hot water; Tecofrost, a gas engine-driven refrigeration compressor to circulate refrigerant and provide hot water as a byproduct; and Ultera, an emissions control technology. It sells its products through in-house marketing, as well as independent sales agents and representatives. Tecogen Inc. was incorporated in 2000 and is headquartered in North Billerica, Massachusetts.
FAQ
Is TGEN financially healthy?
TECOGEN INC.'s Piotroski F-score is 2/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the distress zone.
Does TGEN pay a dividend?
No, TECOGEN INC. does not currently pay a dividend.
How profitable is TGEN?
In FY2025, TECOGEN INC. had a net margin of -30.5% and a return on equity of -38.1%.
What is the analyst price target for TGEN?
The average Wall-Street price target for TECOGEN INC. is $8.83, about 120.3% above the recent price, from 3 analysts (consensus: strong buy).
Is TGEN a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on TECOGEN INC.: a Piotroski F-score of 2/9, an Altman Z″ in the distress zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.