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.”

Photo by Adam Nowakowski on Unsplash

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.”

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