HYLN: Significant Upside Potential
Hyliion Holdings Corp. (
HYLN) presents a significant buying opportunity with asymmetric upside potential. It is possible we see a 30% pullback to the previous level of resistance from July of 2023 and March of 2024, which is around $2 per share. This move would not be out of the ordinary, as we have seen two previous +30% pullbacks this year while the uptrend remains intact. As the RSI retreats from overbought territory, I will be adding to this position. Overall, the chart appears bullish, demonstrating a clear breakout. This move has been driven by a number of fundamental factors outlined below.
Strong Insider Support
- Regular insider buying since 2022
- Highly invested management team
- 31-year old Founder and CEO Thomas J Healy founded the company in 2015, and owns approximately 33 million shares
- For insider activity see here
Financials
- Minimal increase in shares outstanding. Only 8% since 2020
- When considering previous ATHs, this presents a significant upside potential
- No debt
- Sufficient liquidity for years to come
- For an overview of the company's financials see here
Business
Hyliion Holdings Corp. has shifted its focus from electric powertrains to its fuel-agnostic KARNO power generator. With the KARNO generator, the company sees potential demand increase from AI data centers. This change in business has attracted many new investors to the stock. However, the process remains slow going. The KARNO generator is expected to be in operation by the end of the year.
Conclusion
Hyliion Holdings Corp. (HYLN) presents a significant buying opportunity, while a +30% pullback may still be in the cards. The overall trend is bullish, with fundamentals to support further increases in the share price. The company has a clear vision forward and strong financials to reach these goals. A $4 share price seems probable, with further upside potential likely. Additionally, it is possible we see an $8-$20 share price, representing somewhere between a 4-10X increase from the current price.
HYLN) presents a significant buying opportunity with asymmetric upside potential. It is possible we see a 30% pullback to the previous level of resistance from July of 2023 and March of 2024, which is around $2 per share. This move would not be out of the ordinary, as we have seen two previous +30% pullbacks this year while the uptrend remains intact. As the RSI retreats from overbought territory, I will be adding to this position. Overall, the chart appears bullish, demonstrating a clear breakout. This move has been driven by a number of fundamental factors outlined below.Strong Insider Support
- Regular insider buying since 2022
- Highly invested management team
- 31-year old Founder and CEO Thomas J Healy founded the company in 2015, and owns approximately 33 million shares
- For insider activity see here
Financials
- Minimal increase in shares outstanding. Only 8% since 2020
- When considering previous ATHs, this presents a significant upside potential
- No debt
- Sufficient liquidity for years to come
- For an overview of the company's financials see here
Business
Hyliion Holdings Corp. has shifted its focus from electric powertrains to its fuel-agnostic KARNO power generator. With the KARNO generator, the company sees potential demand increase from AI data centers. This change in business has attracted many new investors to the stock. However, the process remains slow going. The KARNO generator is expected to be in operation by the end of the year.
Conclusion
Hyliion Holdings Corp. (HYLN) presents a significant buying opportunity, while a +30% pullback may still be in the cards. The overall trend is bullish, with fundamentals to support further increases in the share price. The company has a clear vision forward and strong financials to reach these goals. A $4 share price seems probable, with further upside potential likely. Additionally, it is possible we see an $8-$20 share price, representing somewhere between a 4-10X increase from the current price.
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