Analyst Price Target is $70.00
▲ +1,751.85% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Heliogen in the last 3 months. The average price target is $70.00, with a high forecast of $70.00 and a low forecast of $70.00. The average price target represents a 1,751.85% upside from the last price of $3.78.
Current Consensus is
The current consensus among 1 investment analysts is to hold stock in Heliogen. This Hold consensus rating has held steady for over two years.
Heliogen, Inc., a renewable energy technology company, operates in decarbonizing industry with concentrated sunlight. It is developing a solar solution utilizing computer vision software to align an array of mirrors, reflecting sunlight to a target on the top of a tower. Its artificial intelligence enabled modular system delivers renewable energy in the form of heat, power, or hydrogen fuel. The company's solutions include HelioHeat, a carbon-free, ultra-high temperature heat to power heavy industrial processes, including the making of cement, steel, and petrochemicals; HelioPower that provides power made from sunlight using supercritical CO2 turbines to power industrial facilities, data centers, and mining operations; and HelioFuel that offers clean fuels, such as green hydrogen that is used to power industry and as fuel in transportation, heavy equipment, and household heating. The company was formerly known as Edison Microgrids, Inc. and changed its name to Heliogen, Inc. in November 2019. The company was founded in 2013 and is headquartered in Pasadena, California.