Why Hyliion Holdings Stock Charged Higher Today
One analyst projects this stock will hit a new 52-week high.
Overview
It's been a while since an analyst has held Hyliion Holdings (NYSEMKT: HYLN) shares in such high regard. With an analyst initiating coverage and taking a bullish stance on the manufacturer of module power systems, investors are clearly enthusiastic about the prospect of adding Hyliion stock to their portfolios.
As of 12:26 p.m. ET, Hyliion's shares are up 7%, after retreating from an earlier 15.1% rise.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.