Hyliion Holdings Corp
Hyliion Holdings Corp. (NYSE: HYLN) is a designer, developer, and marketer of electrified powertrain systems for Class 8 commercial trucks to decrease carbon intensity and greenhouse gas (GHG) emissions. Its innovative software algorithms and data analytics capabilities enable fleets to save fuel and operational costs while seamlessly integrating with their existing fleet operations. The company is in the pre-commercialization stage of development, with its electric hybrid system in testing and the Hypertruck ERX system in the prototype phase.
Why Should Investors Exit?
HYLN's share price has decreased 57.69% in the past nine months and is currently leaning towards the lower band of the 52-week range of USD 3.67 to USD 20.04.
Considering the company's weak financials, no visibility into top and bottom-line, supplier concentration risk and technical weakness. we recommend a "Sell" rating on the stock at the current price of USD 4.13, down 2.13% as of February 17, 2022, at 12:53 PM ET.
Three-Year Technical Price Chart (as of February 17, 2022, at 12:53 PM ET). Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.