Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Heliogen (HLGN – Research Report) today and set a price target of $0.65. The company’s shares closed yesterday at $0.29.
Sorbara covers the Utilities sector, focusing on stocks such as Ovintiv, Vital Energy, and Coterra Energy. According to TipRanks, Sorbara has an average return of 7.7% and a 41.94% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Heliogen with a $0.47 average price target.
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Based on Heliogen’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.94 million and a GAAP net loss of $10.54 million. In comparison, last year the company earned a revenue of $3.54 million and had a GAAP net loss of $58.93 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLGN in relation to earlier this year. Last month, GROSS WILLIAM, a Director at HLGN bought 1,000,000.00 shares for a total of $90,000.00.
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Athena Technology Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Read More on HLGN:
- Heliogen rejects unsolicited acquisition proposal from Continuum Renewables
- Heliogen: Board of Directors adopts limited duration stockholder rights plan
- Heliogen receives non-binding acquisition proposal from Continuum Renewables
- Heliogen reports Q4 EPS (18c), consensus (15)
- Heliogen Inc (HLGN) Q4 Earnings Cheat Sheet
