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Hyliion Holdings Corp. - HYLN STOCK NEWS

Welcome to our dedicated page for Hyliion Holdings news (Ticker: HYLN), a resource for investors and traders seeking the latest updates and insights on Hyliion Holdings stock.

Hyliion Holdings Corp. (HYLN) is a leading provider of electrified solutions for the commercial vehicle industry. The company focuses on reducing carbon intensity and greenhouse gas emissions in the transportation sector by offering innovative powertrain solutions for Class 8 commercial vehicles. Hyliion's goal is to provide these advanced systems at the lowest total cost of ownership.

One of Hyliion's standout innovations is its add-on hybrid system for semi-trailers. By integrating this system, trucking companies can achieve over 30% fuel savings, with a return on investment of less than a year. This system not only reduces operational costs but also enhances the driver’s quality of life and mitigates harmful environmental impacts.

Fuel consumption is a significant concern in the trucking industry, accounting for nearly 40% of operating costs. Hyliion’s smart suspension system addresses this by employing regenerative braking to capture power when the vehicle slows down or descends hills. This captured energy is then reused to assist in acceleration, maximizing efficiency.

Traditionally, trailers have been passive systems, but Hyliion’s innovations introduce active power and technology to trailers. This enables multiple industry challenges to be tackled with a single product. For instance, the system can supply power to the truck while it is parked, allowing the driver to turn off the diesel engine and save over 13% in fuel consumption.

Currently, Hyliion is developing two major powertrain systems: the Hybrid system and the Hypertruck ERX system. These systems aim to transform the long-haul trucking market by providing sustainable and cost-effective solutions.

Hyliion's commitment to sustainability and efficiency positions it as a significant player in the commercial vehicle industry. The company’s products not only reduce costs but also contribute to a greener and more sustainable future.

News

Hyliion Hosts a KARNOTM Technology Showcase Event at its New Cincinnati, Ohio, Facility

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Hyliion Holdings Corp. (HYLN) will host a KARNO Technology Showcase event at its Cincinnati, Ohio facility to present its fuel-agnostic generator technology, offering up to 50% fuel efficiency and lower emissions. The event will feature presentations on additive manufacturing, live demonstrations, and highlight the company's commitment to innovation and sustainability.
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Hyliion Regains Compliance with NYSE Continued Listing Standards

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Hyliion Holdings Corp. (HYLN) has regained compliance with NYSE listing criteria, ensuring continued trading on the exchange after resolving the minimum price deficiency.
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Hyliion Holdings Reports Fourth-Quarter and Full-Year 2023 Financial Results

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Hyliion Holdings Corp. reported its fourth-quarter and full-year 2023 financial results, highlighting the KARNO generator's tax credit eligibility and successful testing on unprocessed gas. The company ended the year with $291 million in cash and investments, with a $20 million Stock Repurchase Program announced. Hyliion is on track to deliver initial KARNO generator units to customers in late 2024, with Govindaraj Ramasamy appointed as Chief Commercial Officer.
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Hyliion Names a Power Generation Industry Veteran Govi Ramasamy as Chief Commercial Officer

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Hyliion Holdings Corp. (HYLN) appoints Govindaraj Ramasamy as Chief Commercial Officer to lead commercial growth and performance. Ramasamy's 17-year career at Cummins brings expertise in power generation, revenue growth, and energy transition. His global perspective and commitment to innovation align with Hyliion's goals, driving growth in the power generation market.
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Hyliion Holdings Schedules Fourth-Quarter and Full-Year 2023 Financial Results Conference Call and Webcast for February 14, 2024

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Hyliion Holdings Corp. (HYLN) will host a conference call to discuss its 2023 fourth-quarter and full-year financial results, business, and outlook on February 14, 2024. The call will be followed by a webcast and an archived version will be available on the company's website.
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Hyliion Begins Printing Production-Intent Design Components of the KARNO™ Generator

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Hyliion Holdings Corp. (HYLN) has announced the commencement of printing parts for the production-intent design of the KARNO generator (BETA), leveraging additive manufacturing for the production of its components. The company aims to confirm superior efficiency levels, ultra-low emissions, and long runtime between maintenance for the initial 200 kW BETA units. Hyliion will be completing testing and verification of the BETA generator throughout 2024 to prepare for initial deployments to early adopters of the technology later this year. The company's Founder and CEO, Thomas Healy, will be a featured speaker at the POWERGEN International Conference in New Orleans, LA, discussing 'Modern Electrification Needs and the Rise of Distributed Power Generation.'
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Hyliion to Participate in POWERGEN International Conference

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Hyliion Holdings Corp. (HYLN) CEO Thomas Healy will be attending the POWERGEN International Conference in New Orleans on January 24, 2024, to discuss modern electrification needs and distributed power generation. The presentation will be webcast live and archived on the company's investor website.
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Hyliion Holdings Announces $20 Million Stock Repurchase Program

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Hyliion Holdings Corp. (NYSE: HYLN) has announced a stock repurchase program of up to $20 million, reflecting confidence in the potential of KARNO's generator technology. The company reported $324 million of cash and investments at the end of September 2023, with a projected year-end balance of approximately $285 million after winding down powertrain operations. Hyliion expects to begin initial paid deployments of the KARNO generator in late 2024, with projected cash spending of approximately $40 million for the year.
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Hyliion Executes a Letter of Intent to Provide KARNO™ Generators to GTL Leasing

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Hyliion Holdings Corp. (NYSE: HYLN) partners with GTL Leasing LLC for deployment of KARNO generators in California, aiming to provide a mobile EV charging solution for customers without access to adequate power. GTL will initially commit to two generators with deliveries starting in late 2024, aiming to scale adoption in the future. The KARNO generators are expected to operate on both hydrogen and natural gas, providing a flexible solution for customers' EV power needs.
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Hyliion’s KARNO™ Technology Successfully Tests on Unprocessed Permian Basin Gas

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Hyliion Holdings Corp. (NYSE: HYLN) successfully tests KARNO generator technology using untreated natural gas from the Permian Basin, showcasing its innovative fuel-agnostic capability and ultra-low emissions profile. The technology is expected to significantly reduce emissions and generate valuable revenue for oil and gas sites.
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FAQ

What is the current stock price of Hyliion Holdings (HYLN)?

The current stock price of Hyliion Holdings (HYLN) is $3.84 as of November 22, 2024.

What is the market cap of Hyliion Holdings (HYLN)?

The market cap of Hyliion Holdings (HYLN) is approximately 688.0M.

What does Hyliion Holdings Corp. do?

Hyliion provides electrified powertrain solutions for Class 8 commercial vehicles, focusing on reducing fuel costs and greenhouse gas emissions.

What are the main products developed by Hyliion?

Hyliion is developing two main powertrain systems: the Hybrid system and the Hypertruck ERX system.

How does Hyliion's hybrid system benefit trucking companies?

The hybrid system can reduce total fuel consumption by over 30% and offers a return on investment of less than a year, reducing operational costs and emissions.

What is regenerative braking and how does Hyliion use it?

Regenerative braking captures energy when the vehicle slows down or goes downhill. Hyliion's smart suspension system reuses this energy for acceleration, enhancing fuel efficiency.

How does Hyliion's technology improve a driver's quality of life?

Hyliion's smart suspension system can power the truck while parked, allowing drivers to turn off the diesel engine, reducing fuel consumption and noise.

What is the Hypertruck ERX system?

The Hypertruck ERX system is one of Hyliion’s advanced powertrain solutions designed to provide sustainable and cost-effective electrification for long-haul trucks.

How does Hyliion’s technology contribute to sustainability?

Hyliion's electrified solutions reduce fuel consumption and greenhouse gas emissions, promoting a greener and more sustainable transportation industry.

What are the financial benefits of using Hyliion’s systems?

Hyliion’s systems significantly cut fuel costs, which account for nearly 40% of operating expenses in the trucking industry, providing substantial savings and quick ROI.

How does the smart suspension system work?

The smart suspension system captures energy during braking or descent and reuses it for acceleration, making the system more efficient and cost-effective.

Why is Hyliion a significant player in the commercial vehicle industry?

Hyliion’s innovative solutions address critical issues like fuel costs and emissions, making it a key driver of sustainability and efficiency in the commercial vehicle sector.

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Hyliion Holdings Corp.

NYSE:HYLN

HYLN Rankings

#2852 Ranked by Market Cap
N/A Ranked by Dividends

HYLN Stock Data

687.99M
115.54M
32.97%
23.42%
6.72%
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