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Hyliion Holdings Corp. (HYLN)



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Upturn Advisory Summary
04/01/2025: HYLN (4-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 28.26% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 539.84M USD | Price to earnings Ratio - | 1Y Target Price 2 |
Price to earnings Ratio - | 1Y Target Price 2 | ||
Volume (30-day avg) 1052184 | Beta 1.9 | 52 Weeks Range 1.21 - 4.09 | Updated Date 03/30/2025 |
52 Weeks Range 1.21 - 4.09 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.48 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -87677.09% |
Management Effectiveness
Return on Assets (TTM) -15.65% | Return on Equity (TTM) -27.23% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 131395243 | Price to Sales(TTM) 161.03 |
Enterprise Value 131395243 | Price to Sales(TTM) 161.03 | ||
Enterprise Value to Revenue 87.07 | Enterprise Value to EBITDA -0.8 | Shares Outstanding 173583008 | Shares Floating 116576901 |
Shares Outstanding 173583008 | Shares Floating 116576901 | ||
Percent Insiders 32.97 | Percent Institutions 23.42 |
Analyst Ratings
Rating 3 | Target Price 2 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Hyliion Holdings Corp.

Company Overview
History and Background
Hyliion Holdings Corp. was founded in 2015. It went public in 2020 through a reverse merger with Tortoise Acquisition Corp. The company focuses on developing electrified powertrain solutions for commercial vehicles.
Core Business Areas
- Electrified Powertrains: Develops and sells electrified powertrain systems for Class 8 commercial vehicles, including hybrid and fully electric solutions.
- Hypertruck ERX: Development and planned production of the Hypertruck ERX, a range-extended electric powertrain that uses renewable natural gas (RNG) to recharge the battery system.
Leadership and Structure
Thomas Healy is the founder and CEO. The company has a board of directors and operates through various functional departments.
Top Products and Market Share
Key Offerings
- Hypertruck ERX (planned): The Hypertruck ERX is a range-extended electric vehicle (REEV) powertrain designed for Class 8 trucks. It uses a natural gas-powered generator to recharge the battery, increasing range. Hyliion faces competition from established diesel engine manufacturers like Cummins (CMI) and electric truck manufacturers like Tesla (TSLA) and Nikola (NKLA). The market share is currently developing as the product is not fully launched.
- Hybrid eX: A hybrid electric powertrain system that is designed to improve fuel efficiency and reduce emissions in Class 8 trucks. Market share is not substantial. Competitors include other hybrid and electric powertrain developers and suppliers such as Dana (DAN) and Eaton (ETN). Revenue from this product is decreasing as the company pivots toward the ERX.
Market Dynamics
Industry Overview
The commercial vehicle industry is undergoing a shift towards electrification, driven by stricter emissions regulations, increasing fuel costs, and growing environmental concerns. Demand is increasing for electric and hybrid solutions.
Positioning
Hyliion aims to be a leading provider of electrified powertrain solutions for the commercial vehicle market. Its competitive advantage lies in its focus on range-extended electric technology using renewable natural gas.
Total Addressable Market (TAM)
The TAM for Class 8 trucks is projected to be billions of dollars annually. Hyliion is targeting a portion of this market with its electrified powertrain solutions and stands to gain market share as the technology evolves.
Upturn SWOT Analysis
Strengths
- Innovative technology (range-extended electric powertrain)
- Focus on renewable natural gas (RNG)
- Potential to reduce emissions and fuel costs
- Experienced leadership team
Weaknesses
- Limited commercial production to date
- Reliance on partnerships for key components
- Cash burn and need for additional funding
- Relatively small size compared to competitors
Opportunities
- Growing demand for electric commercial vehicles
- Government incentives for clean transportation
- Partnerships with major fleet operators
- Expansion into new markets
Threats
- Competition from established OEMs
- Technological advancements in battery technology
- Fluctuations in natural gas prices
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- TSLA
- NKLA
- CMI
- PCAR
- LCID
Competitive Landscape
Hyliion faces intense competition from established OEMs and emerging electric vehicle manufacturers. It needs to demonstrate the value proposition of its range-extended electric technology to gain market share. Compared to TSLA and PCAR, Hyliion is in a very weak competitive position.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is minimal due to pre-revenue status.
Future Projections: Future projections depend on successful commercialization of the Hypertruck ERX. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include partnerships with truck manufacturers and fleet operators, as well as continued development of the Hypertruck ERX.
Summary
Hyliion is a company in a risky position. It is pre-revenue and faces fierce competition. The company's success depends on the successful launch and adoption of its Hypertruck ERX technology. It needs to raise sufficient capital to sustain its operations and achieve commercial scale.
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Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
- Market Research Reports
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hyliion Holdings Corp.
Exchange NYSE | Headquaters Cedar Park, TX, United States | ||
IPO Launch date 2019-04-22 | Founder, President, CEO & Director Mr. Thomas J. Healy | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 93 | Website https://www.hyliion.com |
Full time employees 93 | Website https://www.hyliion.com |
Hyliion Holdings Corp. designs and develops power generators for stationary and mobile applications. Its primary product includes the KARNO generator, a fuel-agnostic power generating solution, which enables distributed power generation using conventional fuels, landfill and wellhead gas, and renewable hydrogen and ammonia. The company was founded in 2015 and is headquartered in Cedar Park, Texas.
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