Hyliion (NYSEAMERICAN:HYLN) Shares Gap Up – Here’s What Happened

Posted by Geri Gentry on Aug 10th, 2026

Hyliion Holdings Corp. (NYSEAMERICAN:HYLN – Get Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $3.87, but opened at $4.20. Hyliion shares last traded at $4.0650, with a volume of 953,843 shares.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC initiated coverage on shares of Hyliion in a report on Wednesday, June 10th. They issued a “buy” rating and a $9.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Check Out Our Latest Report on Hyliion

Hyliion Price Performance

The company has a market cap of $699.95 million, a price-to-earnings ratio of -13.05 and a beta of 3.52. The business has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $3.40.

Institutional Trading of Hyliion

Several hedge funds have recently modified their holdings of HYLN. CIBC Bancorp USA Inc. acquired a new position in Hyliion during the 3rd quarter valued at about $26,000. Cubist Systematic Strategies LLC acquired a new position in Hyliion during the first quarter valued at approximately $26,000. Hsbc Holdings PLC bought a new stake in shares of Hyliion in the first quarter worth about $27,000. Brevan Howard Capital Management LP bought a new position in Hyliion during the 2nd quarter worth about $30,000. Finally, XTX Topco Ltd acquired a new position in Hyliion during the second quarter worth $34,000. 22.81% of the stock is owned by institutional investors.

Hyliion Company Profile

(Get Free Report)

Hyliion Holdings Corp. develops electrified powertrain solutions aimed at reducing fuel consumption and emissions for Class 8 commercial vehicles. Its flagship offerings include the Hypertruck ERX electric axle and hybrid powertrain systems that integrate battery packs with onboard natural gas generators. These modular solutions are designed to retrofit existing diesel trucks or to be incorporated by original equipment manufacturers, allowing fleets to transition toward lower-carbon operations without replacing entire fleets.

Founded in 2015 by Thomas Healy and based in Austin, Texas, Hyliion went public in 2020 via a special purpose acquisition company (SPAC) merger.