Latest news with #HYLN
Yahoo
11 hours ago
- Automotive
- Yahoo
US Navy Awards Hyliion (HYLN) $1.5 Million Contract for Multi-Megawatt Power Module
Hyliion Holdings Corp. (NYSE:HYLN) is one of the best EV penny stocks to buy according to hedge funds. On July 17, the US Navy awarded Hyliion a Phase II Small Business Innovation Research (SBIR) contract worth $1.5 million. The purpose of the agreement is for Hyliion to advance development of its scalable multi-megawatt KARNO Power Module platform for shipboard and stationary military applications. This Phase II contract follows the successful completion of Phase I, in which Hyliion completed the initial concept design and architectural planning for a naval-compliant, multi-megawatt power generator system. The Phase II project will focus on several key areas, including: development of integrated software and power electronics to manage and synchronize multiple KARNO Cores for stable, dynamic power delivery in high-demand environments; improvements to motion control and communication systems essential for scalable operation; refinement of integrated drive electronics to meet Navy requirements for size, weight, power, and cost (SWaP-C); and alignment of control schemes and system design with naval operating standards. The program will run for 18 months and will support both shipboard and stationary defense operations. It is expected to leverage learnings relevant to Hyliion's commercial 2MW product roadmap. Hyliion Holdings Corp. (NYSE:HYLN), headquartered in Austin with R&D in Cincinnati, is developing clean and flexible power solutions for electric mobility. While its core technology centers on distributed generators using multiple fuel sources, the company is expanding into mobile applications, including electric vehicles and marine transport. Targeting commercial and waste management fleets, Hyliion aims to deliver practical EV power systems that offer both environmental benefits and operational efficiency. Its approach blends innovation with adaptability to meet the evolving demands of the energy and transportation sectors. While we acknowledge the potential of HYLN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Performing Crypto Stocks So Far in 2025 and 10 Best Low-Risk Index Funds to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Business Insider
18-07-2025
- Business
- Business Insider
Hyliion Holdings awarded U.S. Navy contract over KARNO power module
Hyliion Holdings (HYLN) announced it has been awarded a Phase II Small Business Innovation Research contract in the amount of $1.5M from the U.S. Navy to further develop and refine its scalable multi-megawatt platform for shipboard and stationary military applications. The newly awarded Phase II contract builds on the successful completion of Phase I, during which Hyliion completed the initial concept design and architectural planning for a multi-megawatt naval-compliant power generator system. Phase II will focus on key enabling technologies for the multi-KARNO Core architecture, including the development of integrated software and power electronics, motion control improvements, and communications systems essential for scaled system operation. Hyliion expects Phase II to commence immediately and continue for a period of 18 months. 'Advancing the scalability and operational control of the KARNO Modules is critical to meeting the Navy's future energy needs,' said Thomas Healy, Founder and CEO of Hyliion. 'This award allows us to lay the groundwork for a highly resilient and efficient power solution that can adapt to mission requirements across both stationary and mobile defense operations.' Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Yahoo
22-06-2025
- Business
- Yahoo
This Clean Energy Penny Stock Has U.S. Military Backing. Should You Buy It Now?
At the end of May, Hyliion (HYLN) caught the market's eye with a breakthrough that turned the tide in its favor. The company secured selection from the Air Force and the Department of Defense's Chief Digital and Artificial Intelligence Office to meet a critical operational need. Hyliion will supply its KARNO power modules which will help the Air Force maintain essential functions during fuel supply disruptions by effortlessly switching between available fuels. Investors reacted swiftly, sending HYLN stock up by 50% on May 28. The 'Golden Era' for Tesla Starts June 22. Should You Buy TSLA Stock First? 3 Highly-Rated Dividend Stocks You've Probably Never Heard Of (But Should) AMD Just Landed a New Microsoft Partnership. Should You Buy AMD Stock Here? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Having earned status to directly support the Air Force, Hyliion now stands on firmer ground and can help the military's shift toward a more flexible and resilient energy framework. With a significant catalyst behind it and a nearly 50% upside potential, how should you play HYLN stock here? Hyliion (HYLN), is currently valued at $251 million. The company develops generators for stationary and mobile use. Its flagship KARNO generator operates on conventional fuels, landfill and wellhead gas, plus renewable hydrogen and ammonia, delivering versatile, efficient distributed power solutions across a wide range of energy sources. Despite the broader market winds pushing against it, with a year-to-date decline of 47.5%, HYLN has now turned the tables. Over the past month, the stock has climbed by nearly 9%, in attempt to turnaround its story. On May 13, Hyliion released its first-quarter earnings report for 2025, revealing results that fell short of Wall Street's projections. The company reported revenue of $489,000, primarily derived from research and development services under its contract with the Office of Naval Research. The figure lagged the anticipated $1.1 million. The cost of revenue stood at $477,000, leading to a near-breakeven gross margin for the quarter. Operating expenses climbed 3.9% to $19.7 million, driven by an increase in R&D spending, which surged to $12.2 million from $8 million in Q1 2024. The jump reflected intensified activity in additive manufacturing, procurement of long-lead components, and escalating costs tied to ongoing development of KARNO Power Modules. The bottom line showed net loss widening 10.7% to $17.3 million. Loss per share grew 11.1% year over year coming in at $0.10, missing the expected $0.08 per-share loss. Consequently, the company now anticipates full-year 2025 cash outlays around $65 million, an increase from its previous $60 million guidance. Hyliion has maintained its full-year revenue guidance of $10 million to $15 million, propelled by KARNO module sales and ongoing R&D services, while projecting a year-end cash and investment balance near $155 million. Analysts, meanwhile, foresee the Q2 loss per share widening by 50% to $0.09 and full-year 2025 losses increasing by 17.9% to $0.33. The outlook for 2026, however, shows a silver lining, with loss per share expected to narrow by 3% to $0.32. Despite unveiling fresh developments and forging new collaborations, Hyliion finds itself grappling with sluggish revenue growth and mounting operational expenses. A single announcement of a military partnership, while promising, falls short of igniting strong investor confidence in the stock. Currently, HYLN carries a 'Hold' consensus with only one analyst in coverage. That analyst has a price target of $2 on shares, representing upside potential of nearly 50%. On the date of publication, Aanchal Sugandh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
29-05-2025
- Business
- Yahoo
Hyliion Holdings KARNO Power Module selected by US Air Force for initiative
Hyliion Holdings (HYLN) announced its KARNO Power Module was selected by the Department of the Air Force and the Department of Defense's Chief Digital and Artificial Intelligence Office to respond to an operational requirement. The initiative aims to maintain critical operations during fuel supply disruptions by allowing seamless transitions between available fuels. Hyliion was selected through the Tradewinds Solutions Marketplace process, designed to accelerate procurement of mission critical technologies. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on HYLN: Disclaimer & DisclosureReport an Issue Hyliion Holdings Annual Meeting Key Decisions Unusually active option classes on open May 21st Hyliion Holdings Corp. Earnings Call: Progress Amid Challenges Hyliion Holdings Reports Q1 2025 Financial Results Hyliion Holdings reports Q1 EPS (10c) vs. (9c) last year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-04-2025
- Automotive
- Yahoo
Why Hyliion Holdings Corp (HYLN)is Plunging in 2025?
We recently published a list of . In this article, we are going to take a look at where Hyliion Holdings Corp (NYSE:HYLN) stands against other electric vehicle stocks that are plunging in 2025. The electric vehicle sector surged in popularity during the immediate post-COVID era as investors poured money into what seemed like the future of transportation. Back then, the promise of a green revolution fueled sky-high valuations and bold predictions. But that enthusiasm has since fizzled. Most electric vehicle stocks have plunged significantly and delivered consistent losses to shareholders. Tesla seems to be the only company capable of selling electric vehicles in the West profitably, but even that company has been under tremendous pressure due to the politicization of its brand. After Trump's election, things look even bleaker for these companies and many of them are plunging. That said, many analysts now think that there are buying opportunities here, especially as a large portion of Tesla customers who previously would've bought Teslas are now likely to buy alternative EVs. Trump may also be softer than previously thought on EVs, as EV subsidies are still in place. It's a good idea to take a look at the EV stocks that have been sold off the most so far this year. For this article, I screened the worst-performing electric vehicle stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A technician wearing a safety suit and goggles working on a battery pack for an electric vehicle. Number of Hedge Fund Holders In Q4 2024: 13 Hyliion Holdings Corp (NYSE:HYLN) is a power generation company, and it was previously a company that made powertrains. The stock is down significantly so far in 2025 as Hyliion reported a fourth-quarter net loss of $14.4 million, an improvement from the prior year but still significant. Full-year 2024 losses totaled $52 million. The company projected 2025 revenue of only $10-15 million, with expected cash expenditures of $60 million for KARNO generator development and commercialization. The consensus price target of $2 implies 40.35% upside. HYLN stock is down 46.17% year-to-date. Overall, HYLN ranks 6th on our list of electric vehicle stocks that are plunging in 2025. While we acknowledge the potential of HYLN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HYLN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
