Tecogen Inc. (NYSE:TGEN) is one of the stocks Jim Cramer recently answered questions about. During the lightning round, a caller inquired about TGEN and mentioned the company signing a letter of intent for a 100 MW+ data center project, with potential expansion of this project to 500 MW. Cramer stated:
“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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Tecogen Inc. designs, manufactures, and services natural gas-powered cogeneration, cooling, and refrigeration systems for commercial, residential, and industrial applications.
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This article is originally published at Insider Monkey.