Hyliion (NYSE:HYLN) Shares Up 3.3% - Here's Why

Key Points

• Shares rose ~3.3% to $1.90 intraday (high $1.94) on Tuesday with about 916,409 shares traded, near its 50‑day ($1.94) and 200‑day ($2.00) moving averages and a market cap of roughly $337.8M.
• Analyst update: Wall Street Zen upgraded Hyliion from "sell" to "hold," while the consensus remains a "Moderate Buy" with an average price target of $5.00.
• Business focus: Hyliion designs electrified powertrains and hybrid systems for Class 8 trucks (including the Hypertruck ERX), offering retrofit solutions to reduce fuel use and emissions.

Hyliion Holdings Corp. (NYSE:HYLN - Get Free Report)'s stock price shot up 3.3% during trading on Tuesday . The company traded as high as $1.94 and last traded at $1.90. 916,409 shares were traded during mid-day trading, a decline of 4% from the average session volume of 954,692 shares. The stock had previously closed at $1.84.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Hyliion from a "sell" rating to a "hold" rating in a report on Sunday, December 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Hyliion has a consensus rating of "Moderate Buy" and an average price target of $5.00.

Hyliion Trading Up 3.3%

The company's fifty day moving average is $1.94 and its 200 day moving average is $2.00. The company has a market capitalization of $337.84 million, a P/E ratio of -5.13 and a beta of 2.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HYLN. Cubist Systematic Strategies LLC bought a new position in Hyliion in the 1st quarter worth approximately $26,000. AQR Capital Management LLC lifted its holdings in 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 purchasing an additional 10,076 shares in the last quarter. Millennium Management LLC lifted its holdings in Hyliion by 27.4% during the 1st quarter. Millennium Management LLC now owns 6,295,760 shares of the company's stock worth $8,814,000 after purchasing an additional 1,355,951 shares in the last quarter. Jane Street Group LLC lifted its holdings in Hyliion by 941.8% during the 1st quarter. Jane Street Group LLC now owns 114,997 shares of the company's stock worth $161,000 after purchasing an additional 103,959 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Hyliion during the 1st quarter worth about $214,000. 22.81% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.