HYLN - Why Hyliion Holdings Stock Fell Today
2023-04-12 16:30:07 ET
Hyliion Holdings (NYSE: HYLN) shares keep falling, and analysts at Goldman Sachs have kept a pessimistic tone even as they do. Shares of Hyliion dropped 13.8% after Goldman lowered its price target for the second time in six weeks.
Hyliion is a start-up trying to help the commercial trucking industry go green, without requiring large truckers to mothball their entire fleets. The company is developing fully electric trucks and also has a hybrid system that can be retrofitted onto existing vehicles.
But the rollout has been more difficult than anticipated, and investors have begun to give up hope. Shares of Hyliion are down more than 97% from their late-2020 highs.
For further details see:
Why Hyliion Holdings Stock Fell Today