Heliogen (NYSE:HLGN) Trading Down 1.6% – Here’s Why

Heliogen, Inc. (NYSE:HLGNGet Free Report) was down 1.6% on Friday . The stock traded as low as $0.85 and last traded at $0.95. Approximately 1,000 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 9,642 shares. The stock had previously closed at $0.96.

Heliogen Stock Down 1.6 %

The company has a market capitalization of $5.72 million, a PE ratio of -0.05 and a beta of 2.79. The company has a 50-day moving average price of $1.12 and a two-hundred day moving average price of $1.50.

Heliogen Company Profile

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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.

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