Hyliion Holdings Corp
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Hyliion Holdings Corp., formerly Tortoise Acquisition Corp., is a provider of electrified powertrain solutions for the commercial vehicle industry. The Company is focused on reducing the carbon intensity and greenhouse gas emissions (GHG) emissions of the transportation sector by providing electrified powertrain solutions for Class 8 commercial vehicles. The Company’s offered solutions utilize its battery systems, control software and data analytics combined with fully integrated electric motors and power electronics, to produce electrified powertrain systems that either augment in the case of Hyliion’s Hybrid systems or fully replace in the case of the fully electric Hypertruck ERX system. Its Hypertruck ERX system are traditional diesel or natural gas fueled powertrains.

Closing Price: $15.12

Day's Change: -0.21 (-1.37%)

Bid: --

Ask: --

B/A Size: --

Day's High: 15.65

Day's Low: 14.35

Volume (Light) Volume: 5,450,695 10-day average volume: 16,338,324: 5,450,695

Hyliion stock down more than 9% on trading debut

1:57 pm ET October 2, 2020 (MarketWatch) Print

Shares of Hyliion Holdings Corp. (HYLN) fell more than 9% on Friday on their first day of trading on the New York Stock Exchange. Hyliion late Thursday said it completed the merger with blank-check company Tortoise Acquisition Corp. as announced in June, paving the way for trading. The deal gave Hyliion, a maker of electric powertrains for commercial trucks, about $560 million "to drive Hyliion's continued development and the commercialization of its Hybrid and Hypertruck ERX electrified powertrain solutions," the companies said.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 02, 2020 13:57 ET (17:57 GMT)

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