Hyliion Holdings Corp. Class A (HYLN)

In the past six months, Hyliion's stock has been influenced by several events. In August 2025, the company reported its second-quarter financial results, beating earnings per share (EPS) estimates. However, Hyliion had not met its initial SPAC projections, had wound down its Hypertruck ERX project, and faced commercialization delays with the KARNO generator, leading to a reduction in its 2025 revenue guidance. In September 2025, Hyliion Holdings presented at the Gateway Conference. Key positive developments in September included the company receiving EPA confirmation on the regulatory pathway for its KARNO™ Power Module on September 16, 2025, and the appointment of a new Vice President of Operations on September 17, 2025. In October 2025, Hyliion achieved a significant milestone with the successful emission testing of its KARNO™ Power Module. Despite these positive developments, the stock experienced a decrease of -2.63% on October 27, 2025, and a total change of -6.72% over the preceding 10 days. The company also transferred its stock exchange listing from the New York Stock Exchange to the NYSE American exchange, effective November 11, 2024.

Hyliion Holdings Corp. focuses on providing power generators for a diverse range of applications, including stationary and mobile uses, targeting commercial and waste management industries, defense, EV charging, data centers, and microgrids. Hyliion's products and services are less likely to experience significant demand seasonality because the need for clean, flexible, and affordable electricity production, as well as solutions for reducing carbon emissions in commercial transportation, tends to be a consistent, year-round requirement.

Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications, with its primary product being the fuel-agnostic KARNO generator. The company operates within the Consumer Discretionary sector, focusing on Auto Parts and Construction/Ag Equipment/Trucks industries, and aims to reduce carbon emissions through electrified powertrain and energy solutions.

Hyliion Holdings Corp. is headquartered in Cedar Park, Texas, United States. The company has demonstrated an international reach through a strategic MOU with Alkhorayef Industries Company in Saudi Arabia and a collaboration deal with Jardine Engineering for growth in Asia.

Over the past year, Hyliion's brand reputation has been shaped by both positive advancements and challenges. Positive events include the selection of the KARNO Power Module by the U.S. Air Force and the Department of Defense Chief Digital and Artificial Intelligence Office under a military multi-fuel initiative, a strategic MOU with Alkhorayef Industries Company in Saudi Arabia, the successful emission testing of the KARNO™ Power Module, and the EPA confirmation of its regulatory pathway. However, the company has also faced scrutiny due to failing to meet its initial SPAC projections, winding down its Hypertruck ERX project, and experiencing commercialization delays with the KARNO generator, leading to a reduction in 2025 revenue guidance.

Hyliion Holdings Corp. has a mixed ownership structure comprising institutional, insider, and retail investors. Approximately 20.21% of the company's stock is owned by institutional investors, 23.69% by insiders, and 56.11% by public companies and individual investors. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Millennium Management Llc, General Electric Co, Invesco Ltd., Geode Capital Management, Llc, and State Street Corp. Thomas J. Healy, the CEO, is a significant individual shareholder, owning approximately 20.14% of the company's shares.