Heliogen (NYSE:HLGN) Trading Up 3.8%

Heliogen, Inc. (NYSE:HLGN)’s share price was up 3.8% on Wednesday . The company traded as high as $1.43 and last traded at $1.37. Approximately 6,670 shares were traded 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.

Analyst Ratings Changes

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

Heliogen Price Performance

The business’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.79. The company has a market capitalization of $8.57 million, a P/E ratio of -0.06 and a beta of 2.35.

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

Institutional Investors Weigh In On Heliogen

Institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD bought a new stake in Heliogen in the 3rd quarter valued at $27,000. JPMorgan Chase & Co. bought a new stake in Heliogen in the 1st quarter valued at $34,000. Point72 Middle East FZE bought a new stake in Heliogen in the 4th quarter valued at $37,000. UBS Group AG lifted its position in Heliogen by 1,178.0% in the 1st quarter. UBS Group AG now owns 7,080 shares of the company’s stock valued at $37,000 after acquiring an additional 6,526 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in Heliogen in the 1st quarter valued at $38,000. 27.58% of the stock is owned by institutional investors.

About Heliogen

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.