Northland took over coverage of Hyliion Holdings while reiterating a Market Perform rating and $2 price target on the shares. Hyliion’s focus on the commercialization of the KARNO generator, and decision to streamline its operations and concentrate capital on the generator, positions the company for significant growth and enhances its ability to meet increasing demand for flexible, reliable power solutions, the analyst tells investors.
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Read More on HYLN:
- Hyliion’s KARNO linear generator qualifies under California’s RPS
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- Hyliion Holdings awarded SBIR government contract by United States Navy
- Hyliion Holdings reports Q2 EPS (6c) vs. (19c) last year.
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