Heliogen (NYSE:HLGN) Trading Up 10.3%

Heliogen, Inc. (NYSE:HLGN)’s share price rose 10.3% during trading on Thursday . The stock traded as high as $1.60 and last traded at $1.60. Approximately 77,678 shares traded hands during trading, an increase of 675% from the average daily volume of 10,026 shares. The stock had previously closed at $1.45.

Wall Street Analysts Forecast Growth

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

Heliogen Trading Up 10.3 %

The company’s 50 day moving average price is $1.42 and its two-hundred day moving average price is $1.66. The firm has a market cap of $9.45 million, a PE ratio of -0.07 and a beta of 2.31.

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

Heliogen Company Profile

Heliogen, Inc, together with its subsidiaries, develops and commercializes concentrated solar energy in the United States. It is developing a modular, AI-enabled, concentrated solar energy plant that will use an array of mirrors to reflect sunlight and capture, concentrate, store and convert it into cost-effective energy on demand.