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Heliogen (HLGN)
OTHER OTC:HLGN
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-$13.15Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 96.97%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant advancements in joint agreements, project progress, and technology validation, while facing challenges with increased costs and negative revenue impacts from the Capella project. Despite these challenges, the company is focused on strategic growth and cost management.Company Guidance
In the earnings call for Q4 2023, Heliogen Inc. provided guidance on several key metrics and strategic initiatives. The company emphasized its focus on scaling its concentrated solar thermal technology and advancing its PV hybrid product. A notable achievement was the signing of a joint development agreement in Mexico, aiming to capitalize on the country's forecasted 30 gigawatts of energy demand growth over the next decade. Heliogen reported a backlog of 7 megawatts across four projects, representing $76 million in revenue, although the Capella project's cost estimate increased by $53 million due to inflation and development costs. The company highlighted a contracted revenue backlog of $1.6 million for the Brenda Hydrogen Project in Arizona. Financially, Heliogen reduced its SG&A expenses by 12% and decreased total headcount by over 40% from its peak in Q4 2022. With a strategic review underway, the company aims to extend its liquidity into March 2025 and focus on generating meaningful revenue in 2024.Joint Development Agreement in Mexico
Signed a joint development agreement to deploy Heliogen's technology in Mexico, which is expected to have over 30 gigawatts of energy demand growth in the next decade. This agreement marks the first of its kind for the company.
Brenda Hydrogen Project Contract
Executed a contract with Woodside Energy for the Brenda Hydrogen Project in Arizona, intended to produce up to 20,000 metric tons per year of green hydrogen.
Progress on First Commercial Scale Project
Significant progress on the first commercial scale project in West Texas, expected to be completed by the end of 2024.
Advancements in CSP Technology
Validated closed-loop software at Sandia CSP test facility, significantly improving solar beam accuracy. This software is confirmed to work with third-party hardware, opening additional licensing opportunities.
Capella Project Milestones
Completed key milestones in the Capella project, which is poised to be the first commercial scale deployment of next-generation storage technology.
Growth in Commercial Pipeline
Commercial pipeline leads grew to over 2 gigawatts, with significant advancements in proposal and pre-FID activity stages.
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HLGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLGN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $0.99 | $1.41 | +42.42% |
| Aug 06, 2024 | $2.90 | $2.56 | -11.72% |
| May 08, 2024 | $1.45 | $1.60 | +10.34% |
| Mar 25, 2024 | $1.39 | $1.40 | +0.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Heliogen (HLGN) report earnings?
Heliogen (HLGN) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Heliogen (HLGN) earnings time?
Heliogen (HLGN) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLGN EPS forecast?
Currently, no data Available
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