Heliogen (NYSE:HLGN) Stock Price Up 5.1%

Heliogen, Inc. (NYSE:HLGNGet Free Report)’s share price rose 5.1% during trading on Friday . The stock traded as high as $1.70 and last traded at $1.65. Approximately 9,886 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 10,800 shares. The stock had previously closed at $1.57.

Heliogen Stock Up 5.1 %

The firm’s 50-day simple moving average is $1.91 and its 200 day simple moving average is $4.09. The stock has a market capitalization of $9.75 million, a P/E ratio of -0.11 and a beta of 2.36.

Heliogen (NYSE:HLGNGet Free Report) last posted its quarterly earnings data on Monday, November 13th. The company reported ($3.13) earnings per share (EPS) for the quarter. The company had revenue of $2.27 million for the quarter. Heliogen had a negative return on equity of 87.22% and a negative net margin of 830.91%.

Institutional Trading of Heliogen

Several institutional investors and hedge funds have recently bought and sold shares of HLGN. JPMorgan Chase & Co. acquired a new stake in Heliogen during the 1st quarter worth about $34,000. Bank of New York Mellon Corp acquired a new stake in Heliogen during the 1st quarter worth about $615,000. Citigroup Inc. acquired a new stake in Heliogen during the 1st quarter worth about $91,000. BlackRock Inc. acquired a new stake in Heliogen during the 1st quarter worth about $5,908,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Heliogen in the 1st quarter valued at about $3,267,000. Institutional investors and hedge funds own 48.64% of the company’s stock.

About Heliogen

(Get Free Report)

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.

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