Heliogen (NYSE:HLGN) Trading Up 1% – Here’s Why

Shares of Heliogen, Inc. (NYSE:HLGN) rose 1% during mid-day trading on Friday . The stock traded as high as $2.00 and last traded at $1.95. Approximately 4,913 shares were traded during trading, a decline of 52% from the average daily volume of 10,305 shares. The stock had previously closed at $1.93.

Heliogen Price Performance

The stock has a market cap of $11.80 million, a P/E ratio of -0.09 and a beta of 2.89. The company has a 50 day simple moving average of $1.67 and a 200-day simple moving average of $2.03.

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.