Jim Cramer on Tecogen: “I Kind of Like This One, but it’s Really Speculative”

Tecogen Inc. (NYSE:TGEN) is one of the stocks Jim Cramer put under the spotlight recently. Cramer said that he likes the stock. He stated:

“Next up, Tecogen, that’s a cogeneration company… for cleaner energy for on-site cooling and powering of the data center. Their chiller is known as the TECOCHILL. The stock’s up nearly 475% even though it’s now at $8, down from $12 last week. The company had a nice revenue ramp but has never turned a profit. I kind of like this one, but it’s really speculative. I prefer something more solid, like a Vertiv, after this decline today. What a buying opportunity.”

Tecogen Inc. (NYSE:TGEN) designs, manufactures, and services natural gas-powered cogeneration, cooling, and refrigeration systems for commercial, residential, and industrial applications. A caller inquired about the stock during the October 21 episode, and Cramer commented:

“It could be good, but they’re losing money. I, you know, it just had a giant move up anticipating exactly that. I’m going to have to say I’m taking a pass.”

While we acknowledge the risk and potential of TGEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TGEN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.