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HYLN - Hyliion: Strong Balance Sheet But Expect Cash Burn To Continue
Hyliion Holdings Corp. Class A
2024-06-26 08:31:50 ET
Summary
Hyliion shares have seen strong price appreciation since the company’s strategic pivot away from its powertrain business.
The company has recently achieved success with orders for its KARNO generator, which has the potential to tap into a large TAM.
Despite having a strong balance sheet and reduced cash burn, the risk of failure in commercialization and the absence of a clear path to profitability make this investment too risky.