Hyliion is trading at $3.71 (down 5.95%) as traders continue reacting to a recent activist short-seller report questioning its KARNO power core LOI with VFG Holdings and the credibility of its broader pipeline.
- The report has sparked concerns regarding the validity of the company's commercial agreements and future growth prospects.
- Shares are also facing pressure from broader market volatility and a shift in sentiment away from speculative growth stocks.