Hyliion Holdings Corporation Stock Price, News & Analysis

Hyliion Holdings Corp (NYSE: HYLN) announced a significant order of 10 Hypertruck ERX units from Ruan, a leading transportation management provider. This order reflects Ruan's commitment to sustainability and alternative fuels, with plans to integrate these units into their existing fleet. The Hypertruck ERX features an electric powertrain, which reduces emissions and operating costs while utilizing natural gas for recharging. This agreement highlights the growing interest in electrified powertrain solutions and positions Hyliion to enhance its market presence.

Hyliion Holdings Corp (NYSE: HYLN) announced an order from NFI for 10 units of its Hypertruck ERX™, which secures production slots. NFI, a leader in supply chain logistics with over 4,500 trucks, aims to reduce its carbon footprint through sustainable transport solutions. The Hypertruck ERX™ features an electric powertrain that charges via an onboard natural gas generator, enabling lower operating costs and reduced emissions. This order reflects NFI's commitment to zero-emission transportation and positions Hyliion for growth in the electrified powertrain market.

Hyliion Holdings Corp (NYSE: HYLN) partners with Cummins Inc (NYSE: CMI) to enhance the Hypertruck ERX powertrain, optimizing Cummins' natural gas engine for use as a generator. This collaboration aims to secure environmental certifications for sustainable trucking solutions. The Hypertruck ERX promises 75 miles of electric range and up to 1,000 miles through natural gas, accessing over 700 refueling stations in North America. Production of this eco-friendly solution is expected to commence in late 2023.

Hyliion Holdings Corp (NYSE: HYLN) has announced its participation in two upcoming investor conferences. CEO Thomas Healy and CFO Sherri Baker will hold one-on-one meetings at the Credit Suisse Mobility Conference on June 21, 2022, at 9 a.m. ET. Healy will also present at the Cantor Fitzgerald ESG Conference on June 28, 2022, at 10 a.m. PT, with a live audio webcast available on Hyliion's investor relations website. The company's mission is to reduce emissions from Class 8 trucks through its electrified powertrain solutions.

Hyliion Holdings Corp (NYSE: HYLN) has received a purchase order from Holcim US for 10 units of its Hypertruck ERX™, aimed at replacing diesel trucks in operations across Texas and Oklahoma. This order, backed by deposits, aligns with Holcim's goal of reducing its transportation carbon footprint. The Hypertruck ERX™ utilizes an electric powertrain charged by a natural gas generator, enabling net-negative carbon emissions when fueled with renewable natural gas. This partnership highlights both companies' commitment to sustainability in commercial trucking.

Hyliion Holdings Corp (NYSE: HYLN) has joined the World Economic Forum's Road Freight Zero coalition, aimed at promoting zero-emission transportation. Co-hosting a session at the Annual Meeting in Davos, Switzerland, Hyliion will discuss sustainability solutions in collaboration with the Hypertruck Innovation Council. With over 27 million heavy-duty trucks contributing to significant greenhouse gas emissions, Hyliion focuses on electrified powertrain solutions to combat these issues, striving for net-carbon-negative commercial transport.

Hyliion Holdings Corp. (NYSE: HYLN) reported its Q1 2022 financial results, showcasing a 70% increase in revenue to $0.3 million and a solid order backlog with 170 Hypertruck ERX production slots secured. The company remains on track for production to start late 2023 and anticipates full-year revenue between $2 million to $3 million. With $527 million on its balance sheet, Hyliion emphasizes ongoing development for its electrified solutions amidst increasing demand for clean technology in the trucking sector.

Hyliion Holdings Corp (NYSE: HYLN) will host a conference call on May 10, 2022, at 11:00 a.m. EDT to discuss its first-quarter financial results, scheduled for release after market close on May 9, 2022. This call will cover the company's business outlook in electrified powertrain solutions for Class 8 trucks, aiming to reduce carbon emissions. The webcast will be accessible online, with an archived version available thereafter on the Hyliion website.

Hyliion Holdings Corp (NYSE: HYLN) has announced that Mone Transport has ordered 20 units of the Hypertruck ERX, backed by deposits to secure production slots. Mone Transport, based in Laredo, Texas, is already using Hyliion's hybrid solutions. The order follows a positive Ride and Drive experience at Hyliion's headquarters, showcasing Mone's commitment to sustainability and interest in alternative fuels. The Hypertruck ERX aims to lower operating costs and emissions while providing superior performance.