HYLN - Why Hyliion's Electric-Truck System Might Be Delayed
Hyliion Holdings (NYSE: HYLN) reported on Nov. 9 that it lost $26.6 million in the third quarter, or $0.15 per share, as it continued to work through supply-chain challenges that have pushed out launch dates for its upcoming hybrid heavy-truck powertrain solutions.
While investors should be concerned about those delays, the good news -- such as it is -- is that Hyliion's loss was narrower than expected. The company isn't well covered on Wall Street, but four analysts who responded to a Thomson Reuters poll expected the Texas-based start-up to report a loss of $0.23 per share on average.
Hyliion has two products in the works: The first, called Hybrid eX, is a hybrid system that can be retrofitted to existing diesel-powered heavy trucks. The second, called Hypertruck ERX, is a completely electric heavy-truck powertrain designed to work with an onboard power source, such as a generator burning natural gas or (eventually) a hydrogen fuel cell. Both can be fitted to trucks made by any of the six leading heavy-truck manufacturers .
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Why Hyliion's Electric-Truck System Might Be Delayed