Hyliion (NYSE:HYLN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hyliion (NYSE:HYLN) from a sell rating to a hold rating in a research report released on Sunday.

Separately, Johnson Rice started coverage on Hyliion in a report on Tuesday, October 21st. They set a “buy” rating and a $5.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.00.

Hyliion Stock Performance

Shares of HYLN stock opened at $1.90 on Friday. The firm has a market cap of $334.35 million, a price-to-earnings ratio of -5.13 and a beta of 2.50. Hyliion has a 52 week low of $1.11 and a 52 week high of $2.74. The firm’s 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $1.80.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HYLN. Nuveen LLC purchased a new position in Hyliion during the 1st quarter valued at about $811,000. American Century Companies Inc. grew its stake in Hyliion by 14.3% during the first quarter. American Century Companies Inc. now owns 211,528 shares of the company’s stock valued at $296,000 after acquiring an additional 26,545 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Hyliion during the first quarter valued at approximately $26,000. 683 Capital Management LLC increased its holdings in Hyliion by 171.4% during the 1st quarter. 683 Capital Management LLC now owns 950,000 shares of the company’s stock worth $1,330,000 after acquiring an additional 600,000 shares during the period. Finally, AQR Capital Management LLC lifted its stake in 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 purchasing an additional 10,076 shares in the last quarter. Institutional investors own 22.81% of the company’s stock.

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.