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, /PRNewswire/ -- Shareholder rights law firm Robbins LLP is investigating Hyliion Holdings Corp. (AMEX: HYLN) to determine whether certain Hyliion Holdings officers and directors violated securities laws and breached fiduciary duties to shareholders. Hyliion is a power generator company whose primary product is the KARNQ Power Module.

Why Are We Investigating Hyliion Holdings?

Hyliion stock dropped 16% on Tuesday, June 23, 2026, following the release of a short-seller report from Pelican Way Research that questioned the legitimacy of a major customer agreement that had recently driven the Company's valuation up by approximately 150%. Specifically, the Company announced a non-binding LOI with VFG Holdings for up to 250 KARNO Cores, representing approximately $133 million in potential revenue.

Pelican Way Research alleged that the VFG LOI accounted for roughly one-third of Hyliion's reported $400 million-plus pipeline and questioned whether the LOI provided meaningful commercial validation. The report further alleged that VFG, which Pelican Way identified as VFG Tech Holdings, LLC, was incorporated in January 2026, appeared to have only four LinkedIn employees, had a minimal website, and lacked evidence of funding or operating substance sufficient to support an order of that size.

The report also noted that the Company's Financial filings show that between fiscal year 2021 and fiscal year 2025, Hyliion brought in a total of $8 million in cumulative revenue. Over that exact same period, CEO Thomas Healy was paid $15.4 million in total compensation.

What Can Shareholders Do Now?

If you lost money investing in Hyliion Holdings Corp. contact Robbins LLP for more information by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

About Robbins LLP

A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.

To be notified if a class action against Hyliion Holdings Corp. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

SOURCE Robbins LLP

Also from this source

Hyliion Holdings Corp. (HYLN - Free Report) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to a loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +11.11%. A quarter ago, it was expected that this company would post a loss of $0.08 per share when it actually produced a loss of $0.07, delivering a surprise of +12.5%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Hyliion, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $4.94 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 114.96%. This compares to year-ago revenues of $1.51 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Hyliion shares have added about 113.6% since the beginning of the year versus the S&P 500's gain of 13.3%.

What's Next for Hyliion?While Hyliion has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Hyliion was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.09 on $2.5 million in revenues for the coming quarter and -$0.33 on $10.8 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, ChargePoint Holdings, Inc. (CHPT - Free Report) , has yet to report results for the quarter ended July 2026.

This company is expected to post quarterly loss of $0.80 per share in its upcoming report, which represents a year-over-year change of +43.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

ChargePoint Holdings, Inc.'s revenues are expected to be $104.38 million, up 5.9% from the year-ago quarter.

, /PRNewswire/ -- Hyliion Holdings Corp. (NYSE American: HYLN), a developer of modular power plant technology, today announced that defense innovation leader and technology entrepreneur, Abdul Subhani has been appointed to be a strategic advisor for the company.

Abdul Subhani has been appointed as a strategic advisor to Hyliion. Subhani brings more than two decades of experience at the intersection of national security, emerging technology, cybersecurity, and defense innovation. As Founder and Chief Executive Officer of Centex Technologies, he has led technology modernization initiatives supporting government, military, and commercial organizations while building strategic partnerships across the United States and allied nations.

Subhani has served as Civilian Aide to the Secretary of the Army for Texas, where he worked closely with military leadership on defense modernization and innovation initiatives. He also serves as Distinguished Chair of Innovation and Senior Advisor to the Superintendent of the United States Military Academy at West Point, U.S. Technology Advisor to the Royal Military Academy Sandhurst, and a member of the Board of Advisors for the Center for a New American Security.

As a strategic advisor to Hyliion, Subhani will provide guidance on defense strategy, military engagement, and the growing role advanced power generation technologies can play in strengthening U.S. national security.

"The need for resilient, efficient power across the defense sector continues to grow," said Abdul Subhani. "Hyliion's technology has already generated strong interest from the U.S. military, and I believe it can play an important role in strengthening our nation's energy resilience and supporting next-generation defense capabilities. I'm excited to help the company deepen its engagement across the defense community."

"As demand for the KARNO™ technology continues to grow across defense applications, Abdul's experience at the intersection of technology and national security will be invaluable," said Thomas Healy, Founder and Chief Executive Officer of Hyliion. "His insight and relationships will help strengthen our engagement across the defense community as we continue expanding our military business."

Hyliion has rapidly expanded its defense business, securing multiple contracts with the U.S. Navy while advancing a growing pipeline of military opportunities. The Company expects to secure an additional $40–50 million of military contracts during 2026. Subhani's appointment further strengthens Hyliion's ability to support this growth as the Company expands deployment of the KARNO technology across defense and national security applications.

About Hyliion

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company's primary focus is to provide modular power plant technology that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable KARNO Power Module that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine vessels. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.

Forward-Looking Statements

The information in this press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, including any oral statements made in connection therewith, the words "could," "should," "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading "Risk Factors" in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 25, 2026 for the year ended December 31, 2025 and subsequently filed Form 10-Qs. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion's operations and projections can be found in its filings with the SEC. Hyliion's SEC Filings are available publicly on the SEC's website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.

SOURCE Hyliion