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AUSTIN - Hyliion Holdings Corp. (NYSE American:HYLN) has appointed Darrell Preble as Vice President of Operations, according to a company press release issued Tuesday. The company, currently valued at $319 million, has seen its stock surge nearly 11% in the past week, according to InvestingPro data.
In his new role, Preble will be responsible for scaling the company’s manufacturing infrastructure to bring its KARNO Power Modules to market. He brings experience from previous senior leadership positions at Cummins and Husky Technologies, where he oversaw production initiatives and implemented supply chains.
"As we prepare to go to market, strengthening our operational capabilities is critical," said Thomas Healy, Founder and CEO of Hyliion.
The KARNO Power Module is designed to deliver power for applications including data centers, commercial and industrial facilities, and microgrids. The technology is fuel-agnostic and utilizes additive manufacturing in its production.
Hyliion, headquartered in Austin, Texas, with research and development in Cincinnati, Ohio, focuses on providing modular power plant technology that can operate on various fuel sources. The company is initially targeting the commercial and waste management industries with its power module that offers prime power and energy arbitrage opportunities.
Hyliion reported in its Annual Report on Form 10-K filed with the SEC on February 25, 2025, that it has a history of losses and expects to incur significant expenses and continuing losses for the foreseeable future as it develops commercial relationships with suppliers and customers. With revenue of $3.51 million in the last twelve months and analysts projecting continued growth, investors can access detailed financial analysis and 12 additional key insights through InvestingPro’s comprehensive research report.
In other recent news, Hyliion Holdings Corp announced its second-quarter 2025 earnings, revealing a mixed performance against analyst expectations. The company reported earnings per share (EPS) of -$0.08, which was better than the anticipated -$0.09. However, Hyliion’s revenue came in at $1.5 million, slightly below the forecasted $1.55 million. These developments are part of the company’s ongoing financial updates. While the EPS surpassed expectations, the revenue miss was notable for investors. Analysts had projected slightly higher revenue, which could impact future assessments. The company continues to navigate its financial landscape amid these recent results.
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