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.
Investment thesis
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For further details see:
Hyliion: Strong Balance Sheet But Expect Cash Burn To Continue