3.14
+5.02%
Close of 9 Nov 2026, in USD
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About Hyliion Holdings
From its filings with the US Securities and Exchange Commission
Hyliion Holdings is based in Cedar Park, Texas and is incorporated in Delaware. Its shares trade on NYSE under the ticker HYLN. The SEC classifies its business as truck & bus bodies. In the fiscal year to 31 December 2025, it reported revenue of $3.5m and a net loss of $57.2m. At that date it held total assets of $203.6m and shareholders' equity of $192.0m.
Hyliion is committed to creating innovative solutions that enable clean, efficient, and flexible electricity production while contributing positively to the environment in the energy economy. Hyliion’s primary product offering, the KARNO Power Module, is a modular, fully enclosed, fuel-agnostic and fully integrated power generating solution. The KARNO Power Module is powered by KARNO Core, a heat powered linear generator, to produce electricity with significant improvements in efficiency, emissions and lifecycle cost compared to conventional generation technologies. Hyliion’s KARNO Power Modules enable effective power generation using a wide range of fuel sources, including conventional fuels such as natural gas, propane or diesel, waste fuels such as landfill gas, wellhead gas, and zero carbon fuels such as renewable hydrogen and ammonia. Hyliion is initially targeting the datacenter, commercial, industrial, and defense sectors with a locally-deployable generator designed to meet a wide range of power generation needs. The Company plans to scale up its KARNO Power Module solution to address larger utility-scale power needs and to develop future variants for industrial waste heat, nuclear, household use and e-mobility applications such as vehicles and marine vessels. Additionally, the KARNO Power Module technology is well-suited to provide combined heat and power in various stationary applications.
Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 28 Feb 2019
- Employees
- 113
- Website
- tortoisespac.com ↗
- Head office
- 1202 BMC DRIVE, SUITE 100, CEDAR PARK, TX, 78613
- Incorporated in
- DE
- Classification
- Truck & Bus Bodies
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Jeffrey CraigIndependent Chairman of the Board$211,719
- Mr. Thomas HealyChief Executive Officer, Founder, Director, since 2020$2.7m
- Mr. Jon PanzerChief Financial Officer$1.2m
- Mr. Joshua MookChief Technology Officer
- Mr. Jose OxholmChief Legal and Compliance Officer$1.3m
- Ms. Cheri LantzChief Strategy Officer$1.3m
- Mr. Govindaraj RamasamyChief Commercial Officer$1.1m
- Mr. Robert KnightLead Independent Director$186,719
- Mr. Rodger BoehmIndependent Director$161,719
- Mr. Vincent CubbageIndependent Director$176,719
- Mr. Richard FreelandIndependent Director$161,719
- Ms. Mary GustanskiIndependent Director$176,719
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 36
- Environment
- 46
- Social
- 15
- Governance
- 48
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Hyliion Holdings Corp has a strong technological expertise in developing electrification solutions for commercial vehicles.
- The company has a unique hybrid powertrain technology that offers significant fuel efficiency and reduced emissions compared to traditional diesel engines.
- Hyliion has established strategic partnerships with key players in the commercial vehicle industry, providing a strong network and distribution channels.
Weaknesses
- As a relatively new player in the market, Hyliion may face challenges in gaining market share and brand recognition compared to more established competitors.
- The company's success is highly dependent on the adoption of electrification solutions in the commercial vehicle industry, which can be influenced by various external factors.
- Hyliion's limited product portfolio compared to some competitors may limit its ability to cater to a wide range of customer needs.
Opportunities
- The global shift towards sustainability and stricter environmental regulations around the world presents a significant opportunity for Hyliion to capture market share.
- A growing demand for greener transportation solutions and increasing government incentives for electrification in the commercial vehicle sector provide favorable market conditions for the company.
- Hyliion has the potential to expand its product offering and diversify into other related markets, such as battery technology and charging infrastructure.
Threats
- Intense competition from both established players and emerging startups in the electrification space poses a threat to Hyliion's market position.
- Changes in government policies and regulations, especially related to subsidies and incentives for electrification, can impact the demand for Hyliion's products.
- Economic downturns or global crises can potentially reduce overall investment in the commercial vehicle industry, affecting the growth prospects of Hyliion.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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