In a report released today, Donovan Schafer CFA from Northland Securities maintained a Buy rating on Hyliion Holdings (HYLN – Research Report), with a price target of $2.80. The company’s shares closed last Friday at $1.17.
Schafer CFA covers the Energy sector, focusing on stocks such as Northern Oil And Gas, PHX Minerals, and Vertex Energy. According to TipRanks, Schafer CFA has an average return of -8.9% and a 41.79% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Hyliion Holdings with a $2.02 average price target.
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Based on Hyliion Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $266 thousand and a GAAP net loss of $35.23 million. In comparison, last year the company earned a revenue of $172 thousand and had a GAAP net loss of $33.48 million
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Hyliion Holdings (HYLN) Company Description:
Tortoise Acquisition Corp. is blank check company. The company currently does not have any operations. It intends to search for a target business in energy industry. Tortoise Acquisition was founded on November 7, 2018 and is headquartered in New York, NY.
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