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.”
While we acknowledge the potential of TGEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
