Investing

Goldman Sachs Maintains Hyliion Holdings Sell Recommendation

George Maybach

Published: August 14, 2023 11:35 pm

Last Updated: August 15, 2023 1:41 pm

Fintel reports that on August 14, 2023, Goldman Sachs maintained coverage of Hyliion Holdings Corporation – (NYSE:HYLN) with a Sell recommendation.

Analyst Price Forecast Suggests 101.56% Upside

As of August 2, 2023, the average one-year price target for Hyliion Holdings Corporation – is 2.74. The forecasts range from a low of 1.77 to a high of $4.20. The average price target represents an increase of 101.56% from its latest reported closing price of 1.36.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Hyliion Holdings Corporation – is 14MM, an increase of 527.79%. The projected annual non-GAAP EPS is -0.97.

What is the Fund Sentiment?

There are 296 funds or institutions reporting positions in Hyliion Holdings Corporation -. This is a decrease of 13 owner(s) or 4.21% in the last quarter. Average portfolio weight of all funds dedicated to HYLN is 0.03%, a decrease of 86.78%. Total shares owned by institutions decreased in the last three months by 0.12% to 55,428K shares. The put/call ratio of HYLN is 0.09, indicating a bullish outlook.

What are Other Shareholders Doing?

General Electric holds 5,500K shares representing 3.03% ownership of the company. No change in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,721K shares representing 2.05% ownership of the company. No change in the last quarter.

NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 3,539K shares representing 1.95% ownership of the company. In it’s prior filing, the firm reported owning 3,473K shares, representing an increase of 1.87%. The firm decreased its portfolio allocation in HYLN by 17.24% over the last quarter.

IWM – iShares Russell 2000 ETF holds 2,952K shares representing 1.63% ownership of the company. In it’s prior filing, the firm reported owning 3,026K shares, representing a decrease of 2.50%. The firm decreased its portfolio allocation in HYLN by 13.75% over the last quarter.

Geode Capital Management holds 2,508K shares representing 1.38% ownership of the company. In it’s prior filing, the firm reported owning 2,389K shares, representing an increase of 4.77%. The firm decreased its portfolio allocation in HYLN by 17.78% over the last quarter.

Hyliion Holdings Background Information
(This description is provided by the company.)

Hyliion’s mission is to reduce the carbon intensity and GHG emissions of commercial transportation Class 8 vehicles by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, it designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale.

This article originally appeared on Fintel