Heliogen, INC

Market Movers (8-K)

Zeo Energy Corp. has entered into a definitive agreement to acquire Heliogen, Inc. in an all-stock transaction valued at approximately $10 million, aiming to combine residential solar solutions with advanced long-duration energy storage for commercial and utility markets.
Delay expected
Heliogen, Inc. has extended its Rights Agreement to April 17, 2026, through Amendment No. 3, ensuring the agreement remains in effect unless earlier redeemed or exchanged.
Heliogen reports its Q4 and full year 2024 financial results, highlighting strategic actions taken to conserve cash and refocus on commercially-proven power solutions.
Delay expected
Better than expected
Heliogen has concluded its Capella demonstration project with Woodside Energy due to cost escalations, shifting focus to its commercially proven Gen 2 CSP technology.
Worse than expected
Delay expected
Heliogen, Inc. announced the departure of Chief Commercial Officer Tom Doyle, effective December 31, 2024, with his responsibilities transitioning to existing employees.
Heliogen, Inc. has implemented technical amendments to its Rights Agreement, focusing on the Board of Directors' administrative powers and decision-making processes.

Quarterly Earnings (10-Q)

Heliogen, Inc. reports a net loss of $6.4 million for Q1 2025, as the company undergoes a significant transition towards a technology-centric business model and implements cost-saving measures.
Worse than expected
Capital raise
Heliogen's Q3 2024 results show a net loss of $11.8 million and a decrease in revenue, alongside ongoing efforts to reduce costs and secure additional funding.
Worse than expected
Capital raise
Heliogen's Q2 2024 results show a net loss of $19.3 million and a strategic restructuring plan including a workforce reduction and facility closure, raising concerns about the company's ability to continue as a going concern.
Worse than expected
Capital raise
Heliogen's Q1 2024 results show a net loss of $15.2 million and ongoing concerns about the company's ability to continue as a going concern, alongside its delisting from the NYSE.
Worse than expected
Capital raise

Annual Reports (10-K)

Heliogen's 2024 annual report highlights a significant revenue increase and strategic realignment, but also raises substantial doubt about the company's ability to continue as a going concern due to ongoing losses and limited liquidity.
Capital raise
Worse than expected
Heliogen, Inc.'s 10-K filing reveals ongoing operating losses, a going concern warning, and a shift to the OTC market, while highlighting its concentrated solar energy technology and future growth plans.
Capital raise
Worse than expected

Insider Trading (Form 4)

Heliogen, Inc. announced that Institutional Shareholder Services Inc. and Glass, Lewis & Co., LLC have recommended stockholders vote FOR the proposed merger with Zeo Energy Corp.
Heliogen, Inc. CEO and Director Christiana Obiaya reported the withholding of 872 shares of common stock by the company to cover tax obligations related to the vesting of restricted stock units.
Heliogen, Inc.'s Chief Financial Officer, Robert Phelps Morris, reported a routine disposition of 1,128 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
Heliogen, Inc.'s Chief Accounting Officer, Wilda Siu, reported a routine transaction involving the withholding of 842 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Residential solar company Zeo Energy Corp. is acquiring Heliogen Inc. for $10 million in an all-stock transaction to position itself for the surging power demand from data centers and artificial intelligence.
Zeo Energy Corp. announced its plan to acquire Heliogen, Inc. for approximately $10 million in stock, aiming to expand into long-duration energy storage and commercial markets, including AI data centers, with the transaction expected to close in Q3 2025.
Better than expected

Proxy Statements (Def-14A)

Zeo Energy Corp. and Heliogen, Inc. have entered into an all-stock merger agreement, with Heliogen stockholders set to receive shares of Zeo Energy Class A Common Stock, aiming to combine their solar energy solutions and address Heliogen's liquidity challenges.
Worse than expected
Delay expected
Capital raise
Heliogen, Inc. has filed a definitive proxy statement with the Securities and Exchange Commission (SEC) pertaining to Section 14(a) of the Securities Exchange Act of 1934.
Heliogen, Inc. will hold its 2024 Annual Meeting of Stockholders virtually on August 1, 2024, to elect directors and ratify the appointment of its independent accounting firm.

Schedule 13G - Passive Investments

Goldman Sachs Group and its subsidiary reported a 0.1% beneficial ownership stake in Heliogen, Inc. common stock.
The Goldman Sachs Group, Inc. and its affiliate Goldman Sachs & Co. LLC have reported a passive beneficial ownership of 7.4% in Heliogen, Inc.'s common stock.