Hyliion (HYLN) to Release Quarterly Earnings on Tuesday

Hyliion (NYSE:HYLN) is anticipated to issue its results after the market closes on Tuesday, May 12th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $1.10 million for the quarter.

Hyliion Stock Up 4.0%

Shares of NYSE:HYLN traded up $0.09 on Tuesday, reaching $2.20. 734,852 shares of the company’s stock were exchanged, compared to its average volume of 922,849. The business’s 50-day moving average is $1.90 and its two-hundred day moving average is $1.97. The firm has a market capitalization of $390.30 million, a price-to-earnings ratio of -5.93 and a beta of 2.59. Hyliion has a fifty-two week low of $1.11 and a fifty-two week high of $2.56.

Institutional Trading of Hyliion

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG raised its position 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 during the period. JPMorgan Chase & Co. raised its position in shares of Hyliion by 10.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,835 shares of the company’s stock worth $101,000 after purchasing an additional 7,574 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Hyliion by 7.0% in the 3rd quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after acquiring an additional 10,000 shares during the period. AQR Capital Management LLC increased its holdings in shares of Hyliion by 15.1% in 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 increased its holdings in shares of Hyliion by 12.0% in 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. 22.81% of the stock is currently owned by institutional investors and hedge funds.

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.