HYLIION HOLDINGS CORP (HYLN)

NYSE — Consumer Cyclical: Manufacturing, Auto Parts: Truck & Bus Bodies

www.hyliion.com

Weekly Summary (2025-05-12)

Highlights

  • Publicly unveiled the KARNO Power Module at ACT Expo, generating strong interest from various sectors.
  • Executed a Letter of Intent with MESA Natural Gas Solutions for potential purchase of up to 12 KARNO units.
  • Demonstrated strong reliability with the first Early Adopter customer unit deployed with the U.S. Navy.
  • Secured prospective commitments for over 100 KARNO Power Modules, creating a multi-year backlog.
  • Reiterated 2025 revenue guidance of $10 to $15 million and product commercialization by end of 2025.

Challenges

  • Increased R&D expenses due to expanded additive manufacturing activity and procurement of long-lead parts.
  • Tariff impacts leading to an upward adjustment of cash spending forecast.
  • Technical hurdles in linear electric motor manufacturing and powder removal from complex printed parts.

Catalysts

  • Commercial launch of the KARNO Power Module expected in late 2025.
  • Delivery of ten Early Adopter customer units planned for this year.

Outlook

Hyliion is on track to commercialize the KARNO Power Module by year-end 2025, with strong customer interest and a growing backlog.

Upcoming Events

Jun 30, 2025, 6:00:00 AM UTC

KARNO Generator Deliveries

Hyliion plans to deliver ten Early Adopter Customer Units of the KARNO generator through mid-2025, validating performance and addressing customer feedback.

product launch
Dec 31, 2025, 5:00:00 AM UTC

Hyliion to Commercially Launch KARNO Power Module by Year-End 2025

Hyliion Holdings Corp. plans to commercially launch its KARNO Power Module by the end of 2025, following successful early adopter deployments and technical advancements. The KARNO Power Module is a modular, fuel-agnostic generator platform targeting distributed power generation for sectors such as EV charging, hydrogen production, microgrids, and industrial applications. The company has secured non-binding commitments for over 100 units and executed initial agreements with early adopter customers, including the U.S. Navy. The launch is expected to drive revenue growth and expand Hyliion’s presence in the clean energy and distributed power markets.

product launch
Dec 31, 2025, 6:00:00 AM UTC

200 kW KARNO Generator Units to Saudi Arabia

Hyliion signed an LOI to deliver up to twelve 200 kW KARNO generator units to Saudi Arabia, supporting agricultural and power generation applications.

other
Jan 1, 2026, 6:00:00 AM UTC

KARNO 2-Megawatt Generator LOI

Hyliion has entered into a Letter of Intent for the deployment of a 2-megawatt KARNO generator in 2026, targeting data center operations.

other