Heliogen (NYSE:HLGN) Trading Up 3.8%

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

Wall Street Analyst Weigh In

Separately, Melius Research reaffirmed a “hold” rating on shares of Heliogen in a research note on Tuesday, March 26th.

Heliogen Stock Performance

The firm has a market capitalization of $8.10 million, a PE ratio of -0.06 and a beta of 2.35. The firm has a fifty day moving average of $1.48 and a 200 day moving average of $1.79.

Heliogen (NYSE:HLGN) last announced its earnings results on Monday, March 25th. The company reported ($13.15) 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.

Institutional Investors Weigh In On Heliogen

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Heliogen by 403.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,393,944 shares of the company’s stock worth $13,752,000 after purchasing an additional 5,924,699 shares during the last quarter. BlackRock Inc. grew its position in shares of Heliogen by 4.0% in the 1st quarter. BlackRock Inc. now owns 6,429,202 shares of the company’s stock worth $1,544,000 after acquiring an additional 250,049 shares in the last quarter. Capital World Investors acquired a new position in shares of Heliogen in the 1st quarter worth approximately $30,508,000. Renaissance Technologies LLC grew its position in shares of Heliogen by 35.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,015,408 shares of the company’s stock worth $484,000 after acquiring an additional 528,608 shares in the last quarter. Finally, State Street Corp grew its position in shares of Heliogen by 129.0% in the 3rd quarter. State Street Corp now owns 1,879,479 shares of the company’s stock worth $3,496,000 after acquiring an additional 1,058,844 shares in the last quarter. 27.58% of the stock is currently owned by hedge funds and other institutional investors.

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.