HLGN shares saw an increase of 9% today. What's going on:

Shares of Heliogen Inc - Class A (HLGN) are trading 9% higher at a price of $2.66 at the time of this writing. The stock's price action is outpacing it's peers on what is quickly becoming a slightly bearish day for the Industrials sector.

The company recently reported a so-so earnings report with and EPS of -$0.11 and revenue of $2.39M. The company may be riding on a macro theme of bullishness in the alt energy arena, or their plans to produce sustainable aviation fuel.

Heliogen Inc - Class A has been trading between a 52-week high of $16.35 and a 52-week low of $1.75. The stock has a market cap of $506 Million.

Heliogen is a renewable energy technology company focused on eliminating the need for fossil fuels in heavy industry and powering a sustainable future. The company’s AI-enabled, modular concentrated solar technology aims to cost-effectively deliver near 24/7 carbon-free energy in the form of heat, power, or green hydrogen fuel at scale – for the first time in history. Heliogen was created at Idealab, the leading technology incubator founded by Bill Gross in 1996.