Zeo Energy shares surge 23.7% intraday after acquiring Heliogen for $10M in stock to expand clean energy solutions.

Zeo Energy surged 23.7% intraday following the completion of its acquisition of Heliogen, Inc. on August 11, 2025. The merger, highlighted in multiple news releases, positions Zeo to expand its clean energy solutions portfolio, targeting residential, commercial, and utility markets. While the company reported a second-quarter 2025 loss and faces scrutiny over merger-related costs, the strategic acquisition likely drove short-term optimism among investors. The stock’s sharp intraday gain aligns with the announcement’s emphasis on enhancing clean energy capabilities, suggesting market confidence in the expanded platform’s growth potential.