patboon/iStock via Getty Images Investment thesis Note: This is an update to my previous article . Tecogen ( TGEN ) initially looked like a very compelling case since its natural gas chillers were well positioned to benefit from the AI infrastructure demand. However, more than a year later, the first sales related to data centers have not yet arrived. While management continues discussing "imminen...
patboon/iStock via Getty Images Investment thesis Note: This is an update to my previous article . Tecogen ( TGEN ) initially looked like a very compelling case since its natural gas chillers were well positioned to benefit from the AI infrastructure demand. However, more than a year later, the first sales related to data centers have not yet arrived. While management continues discussing "imminent purchase orders", the financial results show declining revenue, rising operating expenses and cash burn. The long-term opportunity may still exist, but at this point I believe it makes more sense to wait for clearer evidence before assigning a Buy rating again, since the opportunity cost is relevant and in the meantime the company continues to dilute shareholders. Where is the money? It's been almost a year since I first covered Tecogen, a company I once described as a "Huge Opportunity in Data Center." However, I think the story hasn't unfolded as I envisioned. Tecogen recently shared its earnings for the first quarter of 2026 . If we briefly recall, this was the central argument for Tecogen in my initial article: Tecogen designs cogeneration systems and chillers. Tecogen chillers use natural gas. Natural gas is cheaper than electricity and frees up electrical capacity for computing and IT needs. Tecogen announced a partnership with Vertiv (validation of the product). Honestly, a pretty compelling case. The problem is that, so far, no chillers have been sold to data centers, either directly or through the collaboration with Vertiv. That explains this quarter's earnings, with sales decreasing and increasing costs. Q1 2026 results Q1 2025 Q1 2026 Change Sales $7.28M $6.34M -12.9% Gross margin 44.3% 40.9% -3.4% Operating margin -8.2% -33.7% -25.5% Click to enlarge Author's compilation That said, management continues to describe progress around the data center opportunity. During the earnings call, the company mentioned more than $8 million in projects that have either been ...
Cisco (NASDAQ: CSCO), one of the older big tech companies in America, said in its earnings announcement that it would cut 4,000 jobs as it moves its businesses toward AI. Cisco calls itself “The critical infrastructure for the AI era.” That is a way to drive a stock up without really saying much. Cisco’s results ... AI Causes Another 4,000 Layoffs
Cisco (NASDAQ: CSCO), one of the older big tech companies in America, said in its earnings announcement that it would cut 4,000 jobs as it moves its businesses toward AI. Cisco calls itself “The critical infrastructure for the AI era.” That is a way to drive a stock up without really saying much. Cisco’s results ... AI Causes Another 4,000 Layoffs
A trial that may shape the future of OpenAI enters its final stages on Thursday, as lawyers for Elon Musk try to convince a jury to hold the ChatGPT maker's leaders responsible for transforming the nonprofit into a vehicle to enrich themselves. Closing arguments are scheduled in the Oakland, California, federal court in Musk's lawsuit against OpenAI and its CEO, Sam Altman. Musk is suing OpenAI ...
A trial that may shape the future of OpenAI enters its final stages on Thursday, as lawyers for Elon Musk try to convince a jury to hold the ChatGPT maker's leaders responsible for transforming the nonprofit into a vehicle to enrich themselves. Closing arguments are scheduled in the Oakland, California, federal court in Musk's lawsuit against OpenAI and its CEO, Sam Altman. Musk is suing OpenAI and Altman for breach of charitable trust and unjust enrichment, accusing them of "stealing a charity" by straying from OpenAI's founding mission to build safe AI that would benefit humanity.
Every seasoned investor knows that market shocks are inevitable, but few are prepared for the specific depth of the hit. Historically, across 15 major crises, Lowe's (NYSE: LOW) absorbs an average drawdown of 18% compared to the S&P 500’s average decline of 16%. While the stock often tracks the broader market, certain economic fractures trigger a much steeper trapdoor effect that catches retail in...
Every seasoned investor knows that market shocks are inevitable, but few are prepared for the specific depth of the hit. Historically, across 15 major crises, Lowe's (NYSE: LOW) absorbs an average drawdown of 18% compared to the S&P 500’s average decline of 16%. While the stock often tracks the broader market, certain economic fractures trigger a much steeper trapdoor effect that catches retail investors off guard.
Investing.com -- KeyBanc Capital Markets is growing increasingly wary of Apple shares, saying the stock's valuation is "stretched" and that proprietary spending data points to "initial cracks in the bulls' multi-year compounding growth view" as U.S. hardware demand reverts toward normal seasonality.
Investing.com -- KeyBanc Capital Markets is growing increasingly wary of Apple shares, saying the stock's valuation is "stretched" and that proprietary spending data points to "initial cracks in the bulls' multi-year compounding growth view" as U.S. hardware demand reverts toward normal seasonality.
Hi, it’s Pei Li, Elffie Chew and Manuel Baigorri, taking a look at the boom in data center deals in Asia. Also today, a major takeover bid in the UK food sector. Today’s top stories AI chipmaker Cerebras raises $5.6 billion in year’s biggest IPO . Tate & Lyle gets up to £2.7 billion takeover bid from Ingredion. Japan’s Eneos buys Chevron Asia oil assets for $2.2 billion. Ronaldo expands into strea...
Hi, it’s Pei Li, Elffie Chew and Manuel Baigorri, taking a look at the boom in data center deals in Asia. Also today, a major takeover bid in the UK food sector. Today’s top stories AI chipmaker Cerebras raises $5.6 billion in year’s biggest IPO . Tate & Lyle gets up to £2.7 billion takeover bid from Ingredion. Japan’s Eneos buys Chevron Asia oil assets for $2.2 billion. Ronaldo expands into streaming with LiveModeTV stake. Buyout titans bet Middle East’s long-term appeal remains intact. Powered up Data centers are at the forefront of dealmaking in Asia as global funds seek a foothold in a sector riding high on the rapid adoption of AI. “There is an acceleration of demand in Asia Pacific data centers, resulting in large-scale orders from both Western and Asian hyperscalers,” said Axel Granger , co-head of TMT in the region at UBS. One of the biggest platforms is DayOne, which we reported Thursday is looking to upsize its latest funding round to $4 billion on the back of strong international interest. A day before, companies linked to the world’s biggest battery maker, China’s CATL, agreed to buy as much as 38% of data center operator VNET, in a deal that could be valued at nearly $1 billion. Data center campuses have grown to about 500 megawatts from 50-100 a few years ago, according to Granger, who says “private capital may not be sufficient” to support the expansion. That being the case, he expects some consolidation among data center platforms and more IPOs. We wrote in early February about the excitement around digital infrastructure in Asia, and it is proving pretty relentless, with a wave of transactions on the horizon. Blue Owl Capital’s Stack Infrastructure is considering a sale of its data center assets in Australia, Japan and Malaysia in a transaction that may be valued at over $30 billion. Digital Edge , Bridge Data Centres , Princeton Digital Group, Telkom Indonesia are also working on or considering multi-billion dollar deals . Moody’s expects at least ...