Hyliion (NYSE:HYLN) Upgraded to “Hold” at Wall Street Zen

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

Separately, Johnson Rice assumed coverage on Hyliion in a research report on Tuesday, October 21st. They set a “buy” rating and a $5.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Hyliion Trading Up 1.0%

NYSE:HYLN opened at $2.00 on Friday. The company has a 50-day moving average price of $1.96 and a 200-day moving average price of $1.80. The stock has a market cap of $351.95 million, a price-to-earnings ratio of -5.41 and a beta of 2.50. Hyliion has a 12 month low of $1.11 and a 12 month high of $2.79.

Hedge Funds Weigh In On Hyliion

Several large investors have recently made changes to their positions in HYLN. CIBC Bancorp USA Inc. purchased a new stake in shares of Hyliion in the 3rd quarter worth approximately $26,000. Mercer Global Advisors Inc. ADV bought a new stake in Hyliion in the third quarter worth $66,000. Alliancebernstein L.P. boosted its holdings in Hyliion by 7.0% in the third quarter. Alliancebernstein L.P. now owns 152,020 shares of the company’s stock worth $299,000 after acquiring an additional 10,000 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Hyliion in the third quarter worth $79,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Hyliion during the third quarter valued at $37,000. 22.81% of the stock is currently owned by hedge funds and other 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.