Heliogen (NYSE:HLGN) Trading Up 5.1% – Should You Buy?

Shares of Heliogen, Inc. (NYSE:HLGN) traded up 5.1% during mid-day trading on Thursday . The company traded as high as $2.10 and last traded at $2.05. 2,822 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 10,094 shares. The stock had previously closed at $1.95.

Heliogen Stock Up 5.1 %

The stock has a 50-day moving average of $1.56 and a 200 day moving average of $2.04. The stock has a market cap of $12.32 million, a PE ratio of -0.10 and a beta of 2.63.

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.