Heliogen Inc (HLGN)

[WeTheMarket]

Siebert Williams Shank & Co Sticks to Their Hold Rating for Heliogen (HLGN)
Howard Kim
Aug 12, 2022, 06:55 AM
https://www.tipranks.com/news/blurbs/siebert-williams-shank-co-sticks-to-their-hold-rating-for-heliogen-hlgn?utm_source=advfn.com&utm_medium=referral

Siebert Williams Shank & Co analyst Gabriele Sorbara maintained a Hold rating on Heliogen today and set a price target of $5.00. The company’s shares closed yesterday at $2.64.

According to TipRanks, Sorbara is a 5-star analyst with an average return of 14.1% and a 49.87% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Devon Energy, Diamondback, and PDC Energy.

Currently, the analyst consensus on Heliogen is a Hold with an average price target of $5.00.

HLGN market cap is currently $499.3M and has a P/E ratio of -16.49.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLGN in relation to earlier this year.