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

Heliogen, Inc. (NYSE:HLGNGet Free Report)’s share price was up 5.1% during mid-day trading on Thursday . The company traded as high as $2.10 and last traded at $2.05. Approximately 2,822 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 10,094 shares. The stock had previously closed at $1.95.

Heliogen Trading Down 2.4 %

The business’s 50-day moving average price is $1.57 and its 200-day moving average price is $2.04. The stock has a market cap of $12.10 million, a PE ratio of -0.10 and a beta of 2.63.

About Heliogen

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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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