Hyliion (HYLN) Projected to Post Quarterly Earnings on Tuesday

Hyliion (NYSE:HYLN) is expected to announce 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 Stock Performance

HYLN opened at $2.04 on Tuesday. Hyliion has a twelve month low of $1.11 and a twelve month high of $2.56. The business has a 50 day moving average price of $2.01 and a 200 day moving average price of $1.94. The firm has a market cap of $358.99 million, a P/E ratio of -5.51 and a beta of 2.57.

Institutional Trading of Hyliion

A number of hedge funds have recently modified their holdings of HYLN. Deutsche Bank AG grew its holdings in shares of Hyliion by 3.2% during the 4th quarter. Deutsche Bank AG now owns 187,016 shares of the company’s stock worth $344,000 after purchasing an additional 5,873 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Hyliion by 10.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock valued at $101,000 after buying an additional 7,574 shares during the period. Alliancebernstein L.P. raised its stake in shares of Hyliion by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock valued at $299,000 after buying an additional 10,000 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Hyliion by 15.1% during the 1st quarter. AQR Capital Management LLC now owns 76,957 shares of the company’s stock worth $108,000 after acquiring an additional 10,076 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Hyliion by 12.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 113,231 shares of the company’s stock worth $223,000 after acquiring an additional 12,160 shares during the period. Institutional investors own 22.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Johnson Rice started coverage on shares of Hyliion in a report 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 report on Sunday, December 28th. One investment 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, Hyliion has an average rating of “Moderate Buy” and an average target price of $5.00.

About Hyliion

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.