Hyliion (HYLN) Stock: Why It Increased 5.43%

By Amit Chowdhry ● Jul 21, 2022
  • The stock price of Hyliion Holdings Corp (NYSE: HYLN) increased by 5.43% in the previous trading session. This is why.

The stock price of Hyliion Holdings Corp (NYSE: HYLN) increased by 5.43% in the previous trading session. Investors are responding positively to Hyliion announcing that leading transportation management provider Ruan has ordered 10 units backed by deposits to secure Hypertruck ERX production slots.

With nearly 4,000 trucks and 300 operating locations nationwide, Ruan is known as one of the top 10 privately-owned transportation and logistics companies in the country. And a proponent of alternative fuels, the Hypertruck Innovation Council member was an early adopter of CNG-fueled trucks, logging millions of miles per year on natural gas power and reducing millions of pounds of carbon emissions. This order comes after Ruan’s visit to Hyliion’s headquarters and a successful Hypertruck ERX Ride and Drive experience.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.