Hyliion (HYLN) Projected to Post Quarterly Earnings on Tuesday

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

Hyliion Price Performance

Hyliion stock opened at $2.04 on Tuesday. The business has a 50 day simple moving average of $2.01 and a 200 day simple moving average of $1.94. The company has a market capitalization of $358.99 million, a PE ratio of -5.51 and a beta of 2.57. Hyliion has a one year low of $1.11 and a one year high of $2.56.

Analyst Ratings Changes

Several research analysts have issued reports on HYLN shares. Johnson Rice started coverage on Hyliion in a research note on Tuesday, October 21st. They set a “buy” rating and a $5.00 price objective for the company. Wall Street Zen upgraded shares of Hyliion from a “sell” rating to a “hold” rating in a research report on Sunday, December 28th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Hyliion has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Hedge Funds Weigh In On Hyliion

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in Hyliion during the 1st quarter worth about $26,000. CIBC Bancorp USA Inc. acquired a new stake in shares of Hyliion during the 3rd quarter worth approximately $26,000. Brevan Howard Capital Management LP bought a new stake in shares of Hyliion during the second quarter worth approximately $30,000. XTX Topco Ltd acquired a new position in Hyliion in the second quarter valued at approximately $34,000. Finally, Banco BTG Pactual S.A. acquired a new position in Hyliion in the third quarter valued at approximately $37,000. Institutional investors 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.