Dan Scott said:
Triple_Bagger said:
Started a position in HYLN today @3.99 (thought this was on the board in early 2021)
Lots of insider buying last month above $6. Current p/e of 1.64, which seems really low for a small cap growth stock.
Chart isn't great and it could go lower from here (book value is 3.37 with 2.36 cash value) but I'm comfortable starting a position at this price.
Check them out.
Tell us more. On first look, the insider selling is much bigger than the buying.
There was lots of selling last year but insiders starting buying in December.
EV powertrain company with a goal to partner with truck manufacturers to electrify their fleets. They have working trucks (HQ is next to my house so I see them all the time).
I like this EV play because it's a bit different from others. They aren't trying to be a vehicle manufacturing company, which is expensive and difficult to pull off. Their focus is on producing the electric drivetrain for other truck manufacturers to use in their trucks.
This is not another Nikola, Hyliion has working trucks, and they're currently demoing the trucks with potential customers.