Core Viewpoint - Hyliion Holdings Corp. (HYLN) has experienced significant selling pressure, resulting in a 16.6% decline over the past four weeks, but analysts anticipate better earnings than previously expected, indicating potential for recovery [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is utilized to identify oversold stocks, with a reading below 30 typically indicating oversold conditions [2]. - HYLN's current RSI reading is 29.79, suggesting that the stock may be nearing a reversal point due to the exhaustion of selling pressure [5]. Group 2: Fundamental Indicators - Analysts have raised earnings estimates for HYLN by 6.3% over the last 30 days, indicating a consensus among sell-side analysts that could lead to price appreciation [7]. - HYLN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which further supports the potential for a turnaround [8].

Core Viewpoint - Hyliion Holdings Corp. (HYLN) has experienced a decline of 11.3% over the past four weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottoming out, with reduced selling pressure, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that buying interest has emerged after a downtrend [3][4]. - The occurrence of this pattern at the bottom of a downtrend suggests that bears may have lost control, indicating a potential trend reversal [4]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for HYLN, which is a bullish indicator as it typically correlates with price appreciation [6]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 6.3%, indicating that analysts expect better earnings than previously predicted [7]. - HYLN currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which historically outperform the market [8].

Group 1 - Hyliion Holdings Corp. (HYLN) has experienced significant selling pressure, resulting in a 28.1% loss over the past four weeks, but it is now considered to be in oversold territory with potential for recovery [1] - The Relative Strength Index (RSI) for HYLN is currently at 28.41, indicating that the heavy selling may be exhausting itself, suggesting a possible bounce back towards equilibrium [5] - Analysts have raised earnings estimates for HYLN, with a 6.3% increase in the consensus EPS estimate over the last 30 days, which typically correlates with price appreciation [6] Group 2 - HYLN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating strong potential for a turnaround [7]

Financial Data and Key Metrics Changes - The company recorded revenue of $1.5 million for research and development services in Q4 2024, compared to no revenue in Q4 2023, resulting in an operating income of $100,000 [37] - Operating expenses decreased to $17.2 million in Q4 2024 from $32.6 million in Q4 2023, driven by lower powertrain exit costs and reduced SG&A expenses [38] - The total net loss for Q4 2024 was $14.4 million, down from $29.1 million in Q4 2023 [39] - Full-year operating expenses totaled $64.4 million in 2024, significantly lower than $136.3 million in 2023 [40] Business Line Data and Key Metrics Changes - The company has delivered its first early adopter customer unit, with plans to deliver ten units through mid-2025 [8][21] - Contracts and nonbinding LOIs have been executed for over 100 Carnot units, indicating strong customer interest across various sectors [10][25] - The company expects to generate revenues between $10 million and $15 million in 2025 from generator sales and R&D activities [21][45] Market Data and Key Metrics Changes - The company is seeing increasing demand for the Carnot generator, with LOIs spanning multiple market segments including EV charging, waste gas applications, oil and gas, and data centers [25] - A significant LOI was signed with a leading data center core for a deployment of two two-megawatt systems, targeting up to 70 megawatts of Carnot generator deployment [27][30] Company Strategy and Development Direction - The company is focused on scaling manufacturing capacity and strengthening its supply base to support higher production volumes in 2026 [24] - The Carnot generator is positioned as a compact, fuel-agnostic solution with low emissions and maintenance requirements, appealing to data center customers [29] - The company aims to commercialize the Carnot generator in the second half of 2025, with revenue recognition expected from early adopter units [21][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong and growing interest from customers, particularly in the data center space [52] - The company is addressing supply chain challenges and has made progress in refining its production processes [17][106] - Management anticipates that the capital on hand will be sufficient to support the commercialization of the Carnot generator [51] Other Important Information - The company received a $6 million Department of Energy grant to support methane emissions reduction in the oil and gas sector [30] - The company has begun recognizing revenue for R&D services related to the Carnot generator, totaling $1.5 million in Q4 2024 [35] Q&A Session Summary Question: Can you tell us more about this first early adopter unit and who is it going to and where is it located - The first early adopter unit is going to the US Navy for testing and validation, with plans for deployment in military vessels and stationary applications [56][57] Question: How does Carnot fit in the competitive landscape against fuel cells and traditional natural gas gensets - The Carnot generator offers a compact footprint, fuel flexibility, and low emissions, making it competitive against both fuel cells and natural gas engines [64][68] Question: Can you talk about the visibility you have regarding additive printing and cost reduction - The new GE mLine printer significantly increases production capacity, and the company is also focused on negotiating volume commitments with suppliers to drive down costs [78][84] Question: Can you share more about the Middle East opportunity with Al Khouri - The initial gensets will be used in agricultural applications, providing a modular power solution with lower operating costs and fuel flexibility [88][90] Question: What is the business model moving forward with data centers - Initially, the company will maintain the generators, but long-term partnerships with established service providers are planned for maintenance [95]

Core Viewpoint - Hyliion Holdings Corp. is conducting its fourth quarter 2024 earnings conference call, highlighting its business outlook and financial performance [1][3]. Group 1: Company Overview - The conference call features key company executives including the Chief Executive Officer Thomas Healy and Chief Financial Officer Jon Panzer [3]. - A slide presentation is available on Hyliion's investor relations website to accompany the earnings call [3]. Group 2: Forward-Looking Statements - The company will make forward-looking statements regarding its business outlook, which are based on current expectations and assumptions [4]. - These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated [4][5].

Core Viewpoint - Hyliion Holdings Corp. reported a quarterly loss of $0.08 per share, slightly worse than the consensus estimate of a loss of $0.07, but an improvement from a loss of $0.11 per share a year ago [1][2] Financial Performance - The company posted revenues of $1.51 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 201.80%, compared to zero revenues a year ago [2] - The current consensus EPS estimate for the upcoming quarter is -$0.07 on revenues of $0.75 million, and for the current fiscal year, it is -$0.32 on revenues of $21.55 million [7] Stock Performance - Hyliion shares have declined approximately 28.7% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [3] - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is expected to perform in line with the market in the near future [6] Industry Outlook - The Automotive - Original Equipment industry, to which Hyliion belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Hyliion's stock performance [5]

Financial Performance - Total revenues for the year ended December 31, 2024, were $1,509 million, a 124.6% increase from $672 million in 2023[159]. - The net loss for 2024 was $52.0 million, a 57.9% improvement from a net loss of $123.5 million in 2023[159]. - Total revenues increased to $1.5 million in 2024 from $0.7 million in 2023, representing a growth of 114.3%[225]. - Net loss improved to $(52.0) million in 2024 compared to $(123.5) million in 2023, a reduction of 57.9%[225]. - The company reported a gross profit of $94 million in 2024, compared to a gross loss of $1.044 million in 2023, marking a turnaround[205]. - The Company reported a net loss attributable to common stockholders of $52.048 million for the year ended December 31, 2024, compared to a net loss of $123.510 million for 2023, indicating a significant improvement[294]. Expenses and Cost Management - Research and development expenses decreased by $45.2 million to $37.0 million in 2024, primarily due to the wind down of the powertrain business[161]. - Selling, general and administrative expenses decreased by $18.2 million to $24.4 million in 2024, reflecting the strategic plan to wind down the powertrain business[162]. - Operating expenses decreased to $64.393 million in 2024 from $136.325 million in 2023, reflecting a reduction of approximately 52.8%[205]. - Research and development expenses for 2024 were $37.004 million, down from $82.240 million in 2023, a decrease of about 55.1%[205]. - Personnel expenses decreased to $24.3 million in 2024 from $46.7 million in 2023, a reduction of 47.9%[225]. - Marketing, promotional, and advertising costs were reduced to $0.1 million in 2024 from $1.3 million in 2023, a decrease of 92.3%[249]. - The company recorded total charges related to its strategic plan of $3.0 million for 2024, down from $11.5 million in 2023[218]. Cash Flow and Liquidity - Cash flows used in operating activities for 2024 were $56.7 million, compared to $117.0 million in 2023, indicating improved cash management[165][166]. - The company reported cash and cash equivalents of $9.227 million as of December 31, 2024, down from $12.881 million in 2023, indicating a decrease of approximately 28.5%[203]. - Cash and cash equivalents decreased to $9.2 million in 2024 from $12.9 million in 2023, a decline of 28.5%[229]. - The company has a letter of credit for $7.9 million secured by restricted cash, which was released in Q1 2024[228]. - The Company reported cash flows from operating leases of $(1.687) million in 2024, an improvement from $(2.470) million in 2023[296]. Assets and Liabilities - Total assets decreased from $328.383 million in 2023 to $263.046 million in 2024, reflecting a decline of about 19.9%[203]. - Total stockholders' equity decreased from $306.266 million in 2023 to $244.389 million in 2024, a reduction of approximately 20.2%[203]. - The company has federal net operating loss carryforwards of $346.2 million and state net operating loss carryforwards of $12.5 million, which begin to expire in 2036[186]. - The company reported accrued expenses and other current liabilities of $6.622 million at December 31, 2024, down from $10.051 million in 2023[286]. - The company had $4.6 million of unrecognized compensation expense related to the 2020 Plan at December 31, 2024, expected to be recognized over 1.8 years[275]. Strategic Initiatives - The company plans to deploy initial units of the KARNO generator with customers in 2025, focusing on development and testing[152]. - The company plans to wind down its powertrain business to better align its workforce and reduce operating costs, with estimates of cash expenditures and charges expected to incur[182]. - The company expects to complete wind-down activities of its powertrain business by the fourth quarter of fiscal year 2025[217]. - The company has shifted focus to the development and commercialization of the fuel-agnostic KARNO generator technology, discontinuing the electrified powertrain systems business[242]. Shareholder Information - The company authorized a share repurchase program of up to $20.0 million in December 2023, with no expiration date[266]. - The 2024 Equity Incentive Plan allows for the grant of awards covering up to 8 million shares of common stock, with 232,176 RSUs granted in 2024[267][270]. - The company granted 2.7 million market-conditioned RSUs in 2024, which will vest between August 2025 and December 2026, contingent upon achieving stock price thresholds[272]. - The weighted average shares outstanding decreased from 181.411 million in 2023 to 174.915 million in 2024, contributing to a reduced net loss per share of $0.30 in 2024 compared to $0.68 in 2023[294]. Legal and Compliance - The Company is involved in various legal proceedings but believes that the outcomes will not have a significant adverse effect on its financial position[293]. - The Company has not incurred any cash payments for interest or taxes during the years ended December 31, 2024, and 2023[296].

Financial Performance - Hyliion reported $1.5 million in revenue for research and development services in Q4 2024, compared to $672 thousand in Q4 2023[14]. - The company provided 2025 revenue guidance of $10 to $15 million, including generator sales and research and development services[5][18]. - Operating expenses in Q4 2024 totaled $17.2 million, down from $32.6 million in the prior-year quarter, resulting in a net loss of $14.4 million[15]. - Hyliion's net loss for the full year 2024 was $52 million, significantly reduced from $123.5 million in 2023[15]. - Net loss for 2024 was $52,048 million, an improvement from a net loss of $123,510 million in 2023, representing a reduction of about 58%[27]. Cash and Investments - The company ended 2024 with $220 million in cash and investments, with total cash consumed for KARNO development and capital investments at $58 million[5][16]. - Cash and cash equivalents decreased from $12,881 million in 2023 to $9,227 million in 2024, a decline of approximately 28%[25]. - Net cash used in operating activities was $56,738 million in 2024, compared to $116,962 million in 2023, indicating a significant reduction of approximately 51%[27]. - Cash flows from investing activities provided $59,493 million in 2024, a substantial increase from $18,308 million in 2023[27]. Assets and Liabilities - Total assets decreased from $328,383 million in 2023 to $263,046 million in 2024, a decline of approximately 20%[25]. - Total stockholders' equity decreased from $306,266 million in 2023 to $244,389 million in 2024, a decline of about 20%[25]. - The total current liabilities decreased slightly from $15,122 million in 2023 to $14,291 million in 2024, a reduction of about 5%[25]. Operational Developments - Hyliion secured commitments for over 100 KARNO generators, creating a multiyear backlog, including a Letter of Intent (LOI) for up to 70 megawatts of generating capacity from a data center developer[5][7]. - The company plans to deliver ten Early Adopter Customer Units of the KARNO generator through mid-2025, with some units remaining for further testing[4]. - Hyliion aims to commercialize a 2-megawatt KARNO model in 2026, targeting markets such as EV charging and data centers[6][7]. - Hyliion was awarded a $6 million federal grant for deploying up to 2 megawatts of KARNO generators to support methane emission reduction efforts in the oil and gas industry[5][10]. Manufacturing and Capital - The company is enhancing its manufacturing capacity with the delivery of additive printing machines, including the first M Line production additive printer in the U.S. outside of GE[13]. - The company repurchased treasury stock costing $13,982 million in 2024, compared to $33 million in 2023[27]. - The company’s additional paid-in capital increased from $404,045 million in 2023 to $408,315 million in 2024, reflecting a growth of about 1%[25]. Accounts Receivable - The company reported a decrease in accounts receivable from $40 million in 2023 to $1,923 million in 2024, indicating a significant increase in collections[25].

Contract and Deployment - Hyliion was awarded a contract of up to $16 million by the U.S. Department of the Navy to assess the KARNO generator for navy vessels and stationary power applications[59]. - Initial deployments of the KARNO generator are anticipated in late 2024 and 2025, focusing on testing efficiency, emissions, and maintenance requirements[62]. - The company plans to deploy initial revenue-generating units of the KARNO generator with customers in late 2024, focusing on development and testing[75]. - Initial customer deployments of the KARNO generator are anticipated in late 2024, with ongoing net losses expected in the short term[90]. Technology and Design - The KARNO generator is designed to operate on a wide range of fuel sources, including carbon-free fuels such as hydrogen and ammonia, with an initial variant of 200 kW[62]. - The generator is expected to reduce CO and NOx emissions by over 95% compared to diesel generators, potentially without the need for exhaust after-treatment[64]. - The KARNO generator aims to address challenges in the U.S. electrical grid, including the electrification of transportation and the integration of renewable energy sources[62]. - The generator's design allows for a compact footprint of approximately three cubic meters, making it suitable for various applications[62]. - The KARNO generator technology is protected by numerous patents, providing extensive intellectual property protection for Hyliion[65]. - The KARNO generator can operate on over 20 different fuel sources, including natural gas, hydrogen, and bio-diesel, showcasing its fuel-agnostic capabilities[72]. - The KARNO generator is designed to have a fast startup time, capable of generating electricity from a cold start in approximately 30 to 60 seconds[73]. - The KARNO generator's modular design allows for power output modulation by adjusting the heat applied, enabling scalability for larger applications[73]. - The KARNO generator is expected to achieve an electrical generating efficiency of nearly 50%, significantly higher than conventional diesel generators which operate at 25% to 40% efficiency[70]. - CO and NOx emissions from the KARNO generator are anticipated to be reduced by over 95% compared to best-in-class diesel engines, targeting CARB 2027 standards without the need for aftertreatment[72]. Financial Performance - Total revenues for 2024 are projected to be $0, a decrease of 100% compared to $96,000 in 2023, reflecting the discontinuation of the electrified powertrain systems business[82]. - Total revenues for September 30, 2024, were $672 million, a decrease of 100% compared to $672 million for September 30, 2023[19]. - The net loss for the three months ended September 30, 2024, was $11.2 million, a 63.1% improvement compared to a net loss of $30.3 million in the same period in 2023[82]. - Net loss for the nine months ended September 30, 2024, was $37.7 million, a 60.1% improvement from a net loss of $94.4 million in the same period of 2023[19]. - Cash flows used in operating activities for the nine months ended September 30, 2024, were $43.3 million, compared to $92.4 million for the same period in 2023[93]. - Cash flows provided by investing activities were $64.9 million for the nine months ended September 30, 2024, significantly up from $1.6 million in 2023[94]. - The company expects to have between $220 million and $230 million in cash, short-term, and long-term investments remaining at the end of 2024[90]. Expenses and Cost Management - Research and development expenses decreased by $15.7 million, primarily due to a $22.5 million reduction in costs associated with the Hypertruck ERX system, offset by a $6.8 million increase for the KARNO generator[83]. - Total operating expenses decreased by 54.5% to $47.2 million from $103.7 million year-over-year[19]. - Research and development expenses decreased by 65.0% to $25.7 million, primarily due to a $63.6 million decrease in costs related to the Hypertruck ERX system[86]. - Selling, general, and administrative expenses decreased by $2.5 million, primarily due to the wind down of the powertrain business[83]. - Selling, general, and administrative expenses decreased by 38.9% to $18.5 million, mainly due to the wind down of the powertrain business[86]. Future Developments - Future developments include variants for mobile applications, such as on-highway vehicles, rail, and marine vessels[64]. - Hyliion plans to expand production capacity and establish sales channels following initial deployments, with potential collaborations to extend market reach[64]. - The company announced an authorized share repurchase program to repurchase up to $20 million of its outstanding common stock[90].

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Hyliion Holdings Corp. (HYLN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Hyliion Holdings Corp. is a member of our Auto-Tires-Trucks group, which includes 107 different companies and currently ...