Heliogen (NYSE:HLGN) Shares Down 8.9%

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

Analyst Ratings Changes

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

Heliogen Stock Down 8.9 %

The company has a market cap of $15.22 million, a price-to-earnings ratio of -0.11 and a beta of 2.65. The stock’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $1.70.

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