5 Worst Performing Utility Stocks in 2023

2. Heliogen, Inc. (NYSE:HLGN)

Year to Date Share Price Losses: 61.93%

Heliogen, Inc. (NYSE:HLGN) is one of the more interesting utility companies on our list. The firm provides heat to its customers, by using a series of mirrors that are optimized through proprietary software to focus the Sun’s energy on a singular point. Additionally, Heliogen, Inc. (NYSE:HLGN) also generates power from sunlight and sells it to corporate and industrial users.

During 2023’s March quarter, 16 of the 943 hedge funds part of Insider Monkey’s database had bought Heliogen, Inc. (NYSE:HLGN)’s shares.

Follow Heliogen Inc.