Northland Securities Weighs in on Hyliion FY2028 Earnings

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN) – Equities research analysts at Northland Securities issued their FY2028 EPS estimates for shares of Hyliion in a report issued on Thursday, August 13th. Northland Securities analyst T. Jackson expects that the company will post earnings per share of ($0.25) for the year. Northland Securities currently has a “Outperform” rating and a $10.00 target price on the stock. The consensus estimate for Hyliion’s current full-year earnings is ($0.33) per share.

Separately, Needham & Company LLC started coverage on Hyliion in a report on Wednesday, June 10th. They issued a “buy” rating and a $9.00 price target for the company. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $8.00.

Hyliion Stock Performance

Shares of NYSEAMERICAN:HYLN opened at $4.11 on Friday. The business’s fifty day moving average price is $4.89 and its two-hundred day moving average price is $3.45. The stock has a market cap of $732.94 million, a PE ratio of -13.70 and a beta of 3.52. Hyliion has a one year low of $1.47 and a one year high of $8.49.

Hyliion (NYSEAMERICAN:HYLN) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). Hyliion had a negative return on equity of 27.10% and a negative net margin of 564.34%.The firm had revenue of $4.94 million during the quarter, compared to the consensus estimate of $2.40 million.

Institutional Investors Weigh In On Hyliion

A number of hedge funds and other institutional investors have recently modified their holdings of HYLN. Invesco Ltd. raised its position in shares of Hyliion by 76.3% in the fourth quarter. Invesco Ltd. now owns 6,253,598 shares of the company’s stock valued at $11,507,000 after buying an additional 2,706,803 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in Hyliion by 121.9% in the 4th quarter. HITE Hedge Asset Management LLC now owns 2,827,742 shares of the company’s stock valued at $5,203,000 after acquiring an additional 1,553,626 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Hyliion by 27.4% during the 1st quarter. Millennium Management LLC now owns 6,295,760 shares of the company’s stock worth $8,814,000 after purchasing an additional 1,355,951 shares during the period. J. Derek Lewis & Associates Inc. purchased a new position in shares of Hyliion during the 4th quarter worth $1,586,000. Finally, Marshall Wace LLP purchased a new position in shares of Hyliion during the 2nd quarter worth $386,000. 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.