Analyzing Heliogen (NYSE:HLGN) and ENEVA S A/S (OTCMKTS:ENEVY)

Volatility and Risk

Heliogen has a beta of 2.93, meaning that its stock price is 193% more volatile than the S&P 500. Comparatively, ENEVA S A/S has a beta of -28.9, meaning that its stock price is 2,990% less volatile than the S&P 500.

Insider & Institutional Ownership

27.6% of Heliogen shares are held by institutional investors. 3.8% of Heliogen shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Valuation and Earnings

This table compares Heliogen and ENEVA S A/S”s revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Heliogen	$3.92 million	2.66	-$129.60 million	$6.39	0.27
ENEVA S A/S	$856.12 million	2.25	$242.92 million	N/A	N/A

ENEVA S A/S has higher revenue and earnings than Heliogen.

Profitability

This table compares Heliogen and ENEVA S A/S’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Heliogen	N/A	N/A	-147.90%
ENEVA S A/S	28.38%	15.15%	7.51%

Summary

ENEVA S A/S beats Heliogen on 6 of the 10 factors compared between the two stocks.

About Heliogen

Heliogen, Inc., together with its subsidiaries, develops and commercializes concentrated solar energy in the United States. It is developing a modular, AI-enabled, concentrated solar energy plant that will use an array of mirrors to reflect sunlight and capture, concentrate, store and convert it into cost-effective energy on demand. The company offers heliostat fields, and associated control systems, solar receivers, thermal energy storage, and heat engines. Its solutions include carbon-free steam production, a system that produces heat or steam for use in industrial processes; net zero power generation system, a turbine generator with the baseline system, which achieves net-zero emissions in electricity production; and green hydrogen production, and electrolyzer with the baseline system that produces green hydrogen fuel. The company also offers professional services, such as turnkey project construction, project site development, and research and development studies. It serves the food and beverage, mining and mineral processing, oil and gas, transportation, chemicals, cement, and metals manufacturing industries. The company was formerly known as Edison Microgrids, Inc. and changed its name to Heliogen, Inc. in November 2019. The company is headquartered in Pasadena, California.

About ENEVA S A/S

Eneva S.A., together with its subsidiaries, operates as an integrated energy company in Brazil. It generates electricity through coal, natural gas, hydro, and solar energy. The company has an operational installed capacity of 2.2 GWs. It also engages in the exploration, development, and production of natural gas; and energy trading activities. The company was formerly known as MPX Energia S.A. and changed its name to Eneva S.A. in October 2013. Eneva S.A. was founded in 2001 and is headquartered in Rio de Janeiro, Brazil.