Heliogen Announces Merger Agreement with Zeo Energy

Heliogen ( (HLGN) ) just unveiled an update.

On May 28, 2025, Heliogen, Inc. entered into a merger agreement with Zeo Energy Corp., with the transaction expected to close in the third quarter of 2025. The merger aims to combine Zeo’s solar energy platform with Heliogen’s advanced clean storage solutions, creating a robust clean energy platform for residential, commercial, and utility markets. This strategic move is anticipated to enhance market reach, operational synergies, and financial capabilities, while positioning Zeo to capitalize on the growing demand for low-carbon energy infrastructure.

Spark’s Take on HLGN Stock

According to Spark, TipRanks’ AI Analyst, HLGN is a Outperform.

Heliogen’s stock exhibits a strong valuation with an extremely low P/E ratio, indicating potential undervaluation. The financial performance shows recovery, but past instability and cash flow issues require cautious optimism. Technical analysis suggests strong momentum, though overbought indicators could hint at potential corrections.

To see Spark’s full report on HLGN stock, click here.

More about Heliogen

Heliogen, Inc. is a renewable energy technology company that provides solutions for delivering cost-effective, low-carbon energy production around the clock. By combining commercially proven solar technologies with thermal systems expertise, Heliogen supports customers in achieving a practical transition to cleaner energy.

Average Trading Volume: 13,208

Technical Sentiment Signal: Buy

Current Market Cap: $15.02M

For detailed information about HLGN stock, go to TipRanks’ Stock Analysis page.