Hyliion (NYSE:HYLN) Lowered to “Sell” Rating by Wall Street Zen

Hyliion (NYSE:HYLN) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Johnson Rice assumed coverage on shares of Hyliion in a research note on Tuesday, October 21st. They set a “buy” rating and a $5.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Hyliion Price Performance

Shares of HYLN opened at $1.86 on Friday. The company has a market capitalization of $327.31 million, a price-to-earnings ratio of -5.03 and a beta of 2.50. Hyliion has a fifty-two week low of $1.11 and a fifty-two week high of $2.79. The business’s 50-day moving average is $1.99 and its 200-day moving average is $1.78.

Institutional Trading of Hyliion

Several large investors have recently made changes to their positions in HYLN. CIBC Bancorp USA Inc. acquired a new position in Hyliion during the 3rd quarter valued at $26,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Hyliion during the 3rd quarter worth about $66,000. Alliancebernstein L.P. increased its holdings in shares of Hyliion by 7.0% during the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after purchasing an additional 10,000 shares during the period. Two Sigma Investments LP acquired a new position in shares of Hyliion during the third quarter valued at about $79,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Hyliion in the third quarter valued at about $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.