Heliogen (NYSE:HLGN) Trading Up 3.8%

Heliogen, Inc. (NYSE:HLGN)’s stock price traded up 3.8% during mid-day trading on Wednesday . The company traded as high as $1.43 and last traded at $1.37. 6,670 shares were traded during trading, a decline of 27% from the average session volume of 9,191 shares. The stock had previously closed at $1.32.

Wall Street Analyst Weigh In

Separately, Melius Research restated a “hold” rating on shares of Heliogen in a report on Tuesday, March 26th.

Heliogen Stock Up 3.8 %

The company has a market cap of $8.10 million, a P/E ratio of -0.06 and a beta of 2.35. The business has a fifty day moving average price of $1.48 and a 200-day moving average price of $1.79.

Heliogen (NYSE:HLGN) last released its quarterly earnings results on Monday, March 25th. The company reported ($13.15) earnings per share for the quarter. Heliogen had a negative net margin of 830.91% and a negative return on equity of 200.91%. The business had revenue of ($1.16) million during the quarter.

Institutional Investors Weigh In On Heliogen

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD acquired a new stake in shares of Heliogen in the third quarter valued at approximately $27,000. JPMorgan Chase & Co. acquired a new stake in shares of Heliogen in the first quarter valued at approximately $34,000. Point72 Middle East FZE acquired a new stake in shares of Heliogen in the fourth quarter valued at approximately $37,000. UBS Group AG raised its position in shares of Heliogen by 1,178.0% in the first quarter. UBS Group AG now owns 7,080 shares of the company’s stock valued at $37,000 after buying an additional 6,526 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of Heliogen in the first quarter valued at approximately $38,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

Heliogen Company Profile

Heliogen, Inc, a renewable energy technology company, operates in decarbonizing industry with concentrated sunlight. It is developing a solar solution utilizing computer vision software to align an array of mirrors, reflecting sunlight to a target on the top of a tower. Its artificial intelligence enabled modular system delivers renewable energy in the form of heat, power, or hydrogen fuel.