Shares of Hyliion tumbled Wednesday, a day after the electric truck technology company reported a second-quarter loss. But the slide is about more than the results: Inflation and competition are weighing on the entire sector. Hyliion Holdings stock (ticker: HYLN) fell 5.7% to $9.22 in recent trading Wednesday.
Similarly, Why is Hyliion stock dropping today?
Shares of hybrid-truck powertrain maker Hyliion Holdings ( HYLN -3.02% ) opened sharply lower on Monday, after a Wall Street analyst cut his bank’s rating on the stock. As of 10:00 a.m. EDT, Hyliion’s shares were down about 13.1% from Friday’s closing price.
Who holds Hyliion? Hyliion Holdings is not owned by hedge funds. The company’s CEO Thomas Healy is the largest shareholder with 19% of shares outstanding. In comparison, the second and third largest shareholders hold about 6.3% and 5.5% of the stock.
Thereof, Who invested in HYLN?
Top 10 Owners of Hyliion Holdings Corp
| Stockholder | Stake | Shares bought / sold |
|---|---|---|
| The Vanguard Group, Inc. | 6.19% | +182,213 |
| BlackRock Fund Advisors | 4.24% | +624,801 |
| BNP Paribas Asset Management UK L… | 1.85% | +530,342 |
| SSgA Funds Management, Inc. | 1.63% | +298,592 |
What sector is HYLN?
Key Data
| Label | Value |
|---|---|
| Sector | Capital Goods |
| Industry | Auto Parts :O.E.M. |
| 1 Year Target | $6.00 |
| Today’s High/Low | $4.01/$3.75 |
What is Hypertruck ERX?
The Hypertruck ERX is an extended-range electric powertrain that is recharged by an onboard natural gas generator for Class 8 commercial trucks. It aims to provide lower operating costs, emissions reductions and superior performance, according to the company.
How many shares does HYLN have?
Institutional Ownership and Shareholders
These institutions hold a total of 50,503,828 shares.
Who invested in NKLA?
Top 10 Owners of Nikola Corp
| Stockholder | Stake | Shares bought / sold |
|---|---|---|
| The Vanguard Group, Inc. | 4.40% | +336,923 |
| BlackRock Fund Advisors | 3.08% | +550,857 |
| Inclusive Capital Partners LP | 2.48% | 0 |
| Coatue Management LLC | 1.79% | -210,253 |
Is Hyliion a hold?
Hyliion has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
How many shares of HYLN are there?
Share Statistics
| Avg Vol (3 month) 3 | 2.69M |
|---|---|
| Shares Outstanding 5 | 173.63M |
| Implied Shares Outstanding 6 | N/A |
| Float 8 | 115.08M |
| % Held by Insiders 1 | 36.89% |
How many employees does Hyliion have?
How many employees does Hyliion have? Hyliion has approximately 51-200 employees.
How much is a Hyliion truck?
The Hyliion Hypertruck will cost $90,000 per truck more than a truck with an engine; Diesel and Natural Gas engines are similarly priced trucks (Source: Hyliion business plan).
How are Hyliion trucks powered?
Harness the power
Hyliion produces electrified powertrain systems that can augment or fully replace traditional diesel- or natural gas-fueled powertrains. Its systems are designed to improve performance and lower total cost of ownership while leveraging the existing alternative fuel infrastructure.
What is a Nikola truck?
Nikola Motor Company is a pioneer in zero-emisson trucks. Nikola offers both pure electric and also hydrogen electric powertrains across multiple applications. PRODUCTS. The hydrogen fuel cell electric day cab semi-truck. Available in North America.
What is Hyliion target price?
The 5 analysts offering 12-month price forecasts for Hyliion Holdings Corp have a median target of 4.00, with a high estimate of 7.00 and a low estimate of 4.00. The median estimate represents a +6.10% increase from the last price of 3.77.
Who owns the most NKLA stock?
Largest shareholders include Vanguard Group Inc, Norges Bank, BlackRock Inc., Inclusive Capital Partners, L.p., Coatue Management Llc, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, IWM – iShares Russell 2000 ETF, NAESX – Vanguard Small-Cap Index Fund Investor Shares, State Street Corp, and Goldman …
What is the short interest in NKLA?
What is Nikola’s current short interest? Short interest is the volume of Nikola shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 69,620,000 shares of NKLA short. 28.47% of Nikola’s shares are currently sold short.
What is the forecast for HYLN stock?
Stock Price Forecast
The 5 analysts offering 12-month price forecasts for Hyliion Holdings Corp have a median target of 4.00, with a high estimate of 7.00 and a low estimate of 4.00. The median estimate represents a +6.10% increase from the last price of 3.77.
How much cash is Hyliion?
Compare HYLN With Other Stocks
| Hyliion Holdings Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $592 |
| 2019 | $6 |
| 2018 | $ |
Who are Hyliion competitors?
Hyliion’s top competitors include NEAS, StreetDrone, AmpUp and Singulato. Hyliion is a company specializing in Class 8 electrification.
Is Hyliion a good company to work for?
Is Hyliion a good company to work for? Hyliion has an overall rating of 4.3 out of 5, based on over 22 reviews left anonymously by employees. 77% of employees would recommend working at Hyliion to a friend and 74% have a positive outlook for the business. This rating has improved by 10% over the last 12 months.
Join TheMoney.co community and don’t forget to share this post !
