Tecogen (new) New Stock
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Pros and Cons of Tecogen (new) New in the next few years
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Cons
Performance of Tecogen (new) New vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Tecogen (new) New | - | 3.937% | 10.924% | -8.333% | 0.000% | -50.000% | -78.438% |
| Amaresco Inc. A | 0.570% | 5.612% | -0.385% | -44.800% | -29.711% | -52.523% | 42.759% |
| Plug Power Inc. | 0.820% | 13.426% | -15.605% | -70.992% | -42.394% | -87.064% | 9.767% |
| Sunpower Corp. | -2.210% | 12.196% | -12.070% | -78.786% | -50.704% | -88.695% | -68.924% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.The financials of Tecogen, a company operating in the renewable energy industry, seem to be a mixed bag upon initial assessment. Although the company has shown significant revenue growth over the years, the net income has demonstrated volatility. As a result, potential investors should tread carefully when considering Tecogen. This article provides a detailed breakdown of the company's financials, including pros and cons of investing in Tecogen.
Growing Revenue: Tecogen's total revenue has seen consistent growth over the past few years. In 2020, the total revenue was approximately $28.25 million, which increased to about $24.4 million in 2021 and further to $25 million in 2022. This upward trend in revenues demonstrates that the company's products and services have been successful and that there's a demand for Tecogen's offerings in the renewable energy industry.
Increasing Gross Profit: Tecogen's gross profit has also been on an upward trajectory, which is a positive sign for the company's financial health. The gross profit went from approximately $10.83 million in 2020 to $11.59 million in 2021. In 2022, it increased slightly to $11.07 million. This increase in gross profit showcases that the company has been able to manage its cost of revenue effectively over the years.