Direct Poll Heliogen (NYSE:HLGN) Vs. Fortis (NYSE:FTS)

Heliogen ( NYSE:HLGN – Get Your Free Report ) and Fortis ( NYSE:FTS – Get Your Free Report ) are both oil/energy companies, but which is the better stock? We’ll compare the two companies based on risk strength, valuation, dividends, analyst recommendations, profitability, institutional ownership and earnings.

return

This table compares Heliogen and Fortis’ net margins, return on equity and return on assets.

Earnings and Rating

This table compares the gross revenue, earnings per share and valuation of Heliogen and Fortis.

Fortis has higher revenue and earnings than Heliogen. Heliogen is trading at a lower price-to-earnings ratio than Fortis, indicating that it is currently the more affordable of the two stocks.

Volatility and risk

Heliogen has a beta of 2.66, suggesting its share price is 166% more volatile than the S&P 500. Comparatively, Fortis has a beta of 0.45, suggesting its share price is 55% less volatile more volatile than the S&P 500.

Analyst ratings

This is a summary of recent ratings and recommendations for Heliogen and Fortis provided by MarketBeat.com.

Fortis has a consensus target price of $49.00, indicating a potential upside of 11.67%. Given Fortis’ higher possible upside, analysts plainly believe Fortis is more favorable than Heliogen.

Insider and institutional ownership

27.6% of Heliogen shares are owned by institutional investors. Comparatively, 57.8% of Fortis shares are held by institutional investors. 3.8% of Heliogen shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, big money managers and endowments believe a company will outperform the market over the long term.

Summary

Fortis beats Heliogen on 9 of the 13 factors comparing the two stocks.

About Heliogen

(Get a free report)

Heliogen, Inc., together with its subsidiaries, develops and markets concentrated solar energy in the United States. It is developing a modular, AI-enabled concentrated solar power plant that will use an array of mirrors to reflect sunlight and capture, concentrate, store and convert it on demand into cost-effective energy. 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 electricity generation system, a turbine generator with the basic system, which achieves net zero emissions in the production of electricity; and green hydrogen production and electrolyser with the core system producing green hydrogen fuel. The company also provides professional services such as turnkey project construction, project site development and R&D studies. Serving the food and beverage, mining and mineral processing, oil and gas, transportation, chemical, cement and metals 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 Fortis

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Fortis Inc. operates as an electric and gas utility company in Canada, the United States and the Caribbean countries. It generates, transmits and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona’s Mohave and Santa Cruz counties with a total capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; has a gas and hydroelectric generation capacity of 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system serving approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance and management services for five hydroelectric generation facilities. In addition, the company distributes electricity in the insular portion of Newfoundland and Labrador, with an installed generation capacity of 145 MW; and on Prince Edward Island, with a generation capacity of 90 MW. In addition, it provides integrated electric utility services to approximately 69,000 Ontario customers; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers in Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain Turks and Caicos Islands. It also owns long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is based in St. John’s, Canada.

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