Hyliion (HYLN) Expected to Announce Earnings on Tuesday

Hyliion (NYSE:HYLN) is expected to release its results after the market closes on Tuesday, February 24th. Analysts expect Hyliion to post earnings of ($0.08) per share and revenue of $1.25 million for the quarter.

Hyliion Stock Down 2.4%

Shares of Hyliion stock opened at $2.01 on Monday. The business has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $1.95. The stock has a market cap of $353.71 million, a PE ratio of -5.43 and a beta of 2.57. Hyliion has a 12 month low of $1.11 and a 12 month high of $2.56.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Hyliion from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. acquired a new position in Hyliion during the third quarter worth $26,000. Cubist Systematic Strategies LLC bought a new stake in shares of Hyliion during the 1st quarter worth about $26,000. Banco BTG Pactual S.A. acquired a new position in shares of Hyliion during the 3rd quarter valued at about $37,000. Brevan Howard Capital Management LP bought a new position in shares of Hyliion in the 2nd quarter valued at approximately $30,000. Finally, XTX Topco Ltd bought a new position in shares of Hyliion in the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 22.81% of the company’s stock.

Hyliion Company Profile

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.