Heliogen (NYSE:HLGN) Trading Down 8.9%

Heliogen, Inc. (NYSE:HLGN)’s share price was down 8.9% during mid-day trading on Wednesday . The stock traded as low as $2.55 and last traded at $2.55. Approximately 1,822 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 10,659 shares. The stock had previously closed at $2.80.

Wall Street Analysts Forecast Growth

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

Heliogen Trading Up 11.4 %

The stock has a 50-day simple moving average of $1.92 and a two-hundred day simple moving average of $1.70. The firm has a market capitalization of $16.95 million, a P/E ratio of -0.13 and a beta of 2.65.

Heliogen (NYSE:HLGN) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($2.53) EPS for the quarter. The company had revenue of $1.53 million for the quarter.

About Heliogen

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.