Heliogen to Be a Part of Russell 3000 Index

Leading AI-solar energy tech provider Heliogen is set to be a part of the broad-market Russell 3000 Index at the end of the 2022 Russell indexes annual reconstitution.
 
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. 
 
Russell’s US indexes benchmark about $12 trillion in assets. Russell indexes are part of leading global index provider FTSE Russell.
 
Being included in the US all-cap Russell 3000® Index, which remains in place for a period of one year, translates to automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. 
 
FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
 
“The inclusion of Heliogen in the Russell indexes is further evidence of our company’s growth and progress since our public listing in December,” said Bill Gross, Founder and Chief Executive Officer, Heliogen. “The Heliogen team looks forward to continually increasing our market presence, and speaking with an ever broadening range of investors interested in decarbonizing heavy industry worldwide.”