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0 0.0040650406504066 0.00804878048780489 0 0.0772357723577236 0.0569105691056911 0.0772357723577236 0.0732520325203253
Stock impact report

Can Karno technology generate a buyer for Hyliion? [Yahoo! Finance]

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Yahoo! Finance
But the leaned-out startup is making some progress in its pivot to energy distribution through a fuel-agnostic power generator. Whether the plan is sufficient to generate revenue and perhaps attract a buyer for the once high-flying special purpose acquisition company are the big unknowns. The Karno generator, which Hyliion purchased from GE in August 2022 for its since-canceled Hypertruck ERX, qualifies for $40,000 in incentives this year under the Inflation Reduction Act. The system is more expensive than diesel but cheaper than a fuel cell, CEO Thomas Healy told me this week. He declined to specify the price. Hyliion has attracted nascent customer interest in the technology that has been facetiously compared to Doc Brown's flux capacitor in the “Back to the Future“ movie trilogy. Cost discipline makes 2nd chance possible That Hyliion has the resources to try another business line comes from practicing financial discipline. By guarding a large part of the $560 million in pr Show less Read more
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