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Hyliion (HYLN) Gets 10 Hypertruck ERX Units Order From Holcim

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Hyliion Holdings Corp. (HYLN - Free Report) , a reputed player in electrified powertrain solutions for Class 8 semi-trucks, recently announced that Holcim US has placed an order of 10 Hypertruck ERX units, backed by deposits to secure Hypertruck ERX production slots.

Holcim, a global leader in innovative and sustainable building solutions, specializes in low-carbon construction. It looks to leverage the Hyliion technology in its Texas and Oklahoma operations, where the Hypertruck ERX units will substitute diesel-fueled trucks.

Holcim placed the order after a visit to Hyliion’s headquarters, which gave the company an in-depth understanding of how the Hypertruck ERX could facilitate a reduction in the transportation carbon footprint.

Hyliion and Holcim share the common goal of transforming the transportation space through the initiative. Hyliion’s mission is to facilitate major change in Commercial trucking, which is known to be a potential contributor to greenhouse gas emissions. Hyliion intends to mitigate the problem with the Hypertruck ERX — a solution that enables sustainable fleets without compromising on business. Holcim US is also dedicated to expediting the transition to net-zero – from offering low carbon cement and concrete to innovative carbon capture research.

Hyliion, based in the United States, provides electrified powertrain solutions for Class 8 commercial vehicles. The company's solutions utilize its proprietary battery systems, control software and data analytics combined with fully integrated electric motors and power electronics to produce electrified powertrain systems.

Shares of Hyliion have lost 68.3% over the past year compared with the industry’s 50.2% decline.

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Zacks Rank & Key Picks

HYLN currently carries a Zacks Rank #4 (Sell).

Better-ranked players in the auto space include LCI Industries (LCII - Free Report) , carrying a Zacks Rank #1 (Strong Buy), and BRP Group, Inc. (DOOO - Free Report) and Genuine Parts Company (GPC - Free Report) , each carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.

LCI Industries has an expected earnings growth rate of 67.5% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised around 28.7% upward in the past 30 days.

LCI Industries’ earnings beat the Zacks Consensus Estimate in three of the trailing four quarters. LCII pulled off a trailing four-quarter earnings surprise of 21.8%, on average. The stock has lost 22.2% over the past year.

BRP Group has an expected earnings growth rate of 8.5% for fiscal 2023. The Zacks Consensus Estimate for fiscal 2023 earnings has been revised around 0.6% upward in the past 30 days.

BRP Group’s earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. DOOO pulled off a trailing four-quarter earnings surprise of 68%, on average. The stock has declined 10.9% over the past year.

Genuine Parts has an expected earnings growth rate of 13.6% for the current year. The Zacks Consensus Estimate for current-year earnings has been marginally revised 0.5% upwards in the past 30 days.

Genuine Parts’ earnings beat the Zacks Consensus Estimate in all of the trailing four quarters. GPC pulled off a trailing four-quarter earnings surprise of 11.34%, on average. The stock has gained 3.7% over the past year.


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