HYLN - Hyliion Holdings slips after Barclays warns on slow adoption curve

Barclays lowers its rating on Hyliion Holdings (NYSE:HYLN) to Equal-weight from Overweight due to concerns on the potential of a slower adoption curve and increased competitive threats. Analyst Brian Johnson notes that the pace of HYLN's order book is slower than previously assumed and component shortages are a factor. With limited insight into volumes for the next two years, the firm stays on the sidelines and assigns a price target of $7 vs. the average Wall Street PT on HYLN of $8. Shares of HYLN are down 0.13% premarket to $7.57 and trade below their 50-day, 100-day and 200-day moving averages.

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Hyliion Holdings slips after Barclays warns on slow adoption curve