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0 0 0.00705426356589156 0.00674418604651157 0.00775193798449613 0.00775193798449613 0.00775193798449613 0.0465116279069768
Stock impact report

Hyliion Holdings Reports First-Quarter 2024 Financial Results [Yahoo! Finance]

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Yahoo! Finance
Key Business Highlights Announced that H2 Energy Group has executed a letter of intent to purchase up to 10 KARNO generator units that will operate on hydrogen rich syngas produced from sustainable processes Announced partnership with BayoTech to introduce Hyliion and BayoTech's innovative solutions to each other's customers Reiterated plans to deliver initial KARNO generator units to customers in late 2024 Reported today that customer commitments are secured for 2024 production capacity and actively building a backlog of commitments for 2025 generator deliveries Hosted event with customers and other stakeholders to showcase KARNO technology and development progress Repurchased 8.7 million shares for $11.3 million as part of the company's $20 million Stock Repurchase Program Ended the quarter with $264 million of cash and investments Reaffirmed guidance of $40 to $50 million cash expenditures in 2024 for KARNO development and capital investments Executive Commentary Show less Read more
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