Wall Street Zen Upgrades Hyliion (NYSE:HYLN) to Hold

Hyliion (NYSE:HYLN) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Separately, Johnson Rice assumed coverage on Hyliion in a research note on Tuesday, October 21st. They issued a “buy” rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hyliion has an average rating of “Moderate Buy” and a consensus target price of $5.00.

Hyliion Trading Down 3.5%

HYLN opened at $1.93 on Friday. Hyliion has a 12 month low of $1.11 and a 12 month high of $2.74. The business’s 50-day moving average price is $1.95 and its 200-day moving average price is $1.80. The company has a market cap of $339.63 million, a P/E ratio of -5.22 and a beta of 2.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. purchased a new stake in Hyliion in the third quarter worth $26,000. Mercer Global Advisors Inc. ADV purchased a new position in Hyliion during the third quarter valued at $66,000. Alliancebernstein L.P. boosted 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 valued at $299,000 after buying an additional 10,000 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Hyliion in the 3rd quarter worth about $79,000. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Hyliion in the 3rd quarter worth about $37,000. Hedge funds and other 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.