Streetbeat News

HYLN

Hyliion Holdings Corp.

https://www.hyliion.com

Industry

Auto - Parts

Hyliion Holdings Corp. designs, develops, and sells electrified powertrain solutions for the commercial vehicle industry. It also provides battery management systems for hybrid and fully electric vehicle applications; and battery packs. The company was founded in 2015 and is headquartered in Cedar Park, Texas.

Open

3.75

Mkt cap

667M

Volume

3.9M

High

4.04

P/E Ratio

-10.38

52-wk high

4.04

Low

3.73

Div yield

N/A

52-wk low

0.55

Several US-listed stocks experienced significant declines in Monday's pre-market session. iTeos Therapeutics fell 13.7% after announcing interim data from a study. Upstart Holdings dropped 8.5% following a proposed convertible notes offering. Other notable decliners include Vizsla Silver, Murano Global Investments, Guardant Health, Hyliion Holdings, Instil Bio, Canaan, Solid Biosciences, Nova Ltd., and MicroStrategy.

Portfolio Pulse from Avi Kapoor

September 16, 2024 | 12:44 pm

Insider buying activity has been observed in three penny stocks: 60 Degrees Pharmaceuticals, Envoy Medical, and Hyliion Holdings. This insider activity may indicate confidence in the companies' prospects. Notably, Hyliion Holdings secured a $15 million contract with the Office of Naval Research.

Portfolio Pulse from Avi Kapoor

September 12, 2024 | 11:19 am

Several stocks saw significant gains on Wednesday despite a general market downturn. Petco Health and Wellness (WOOF) rose 8.4% despite reporting larger-than-expected losses. PureCycle Technologies (PCT) jumped 20% following a financing announcement. Sigma Lithium (SGML), Lithium Americas (LAAC), and Albemarle (ALB) gained due to a rise in lithium prices. Hyliion Holdings (HYLN) rose after securing a Navy contract. Dave & Buster’s (PLAY) increased after better-than-expected earnings. AppLovin (APP) gained following a price target increase by B of A Securities.

Portfolio Pulse from Avi Kapoor

September 11, 2024 | 2:19 pm

Hyliion Holdings shares rose after securing a $15 million+ contract from the Office of Naval Research to develop the KARNO generator for Navy ships and stationary power applications.