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Stock impact report

Why Hyliion Holdings Stock Is Sinking Today [Yahoo! Finance]

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Yahoo! Finance
The company cut its full-year revenue guidance, saying that it now doesn't expect to recognize product-related revenue until 2026. It's aiming to bring its multifuel electric generator to market next year. 10 stocks we like better than Hyliion › Shares of power-generation start-up Hyliion Holdings (NYSEMKT: HYLN) were trading sharply lower on Wednesday after the company cut its guidance for full-year revenue. As of 11:30 a.m. ET today, Hyliion's shares were down about 13.5% from Tuesday's closing price. Hyliion's product will go to market soon, but not until 2026 Originally founded to build hybrid-electric systems for heavy trucks , Hyliion is now working to bring a multifuel electric generator to market. The generator, called Karno, uses what is called a "flameless oxidation" system. Hyliion says the device can generate electricity from a wide range of fuels -- natural gas, hydrogen, various petroleum derivatives, and even ammonia -- with minimal emissions. Hyliion's K Show less Read more
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