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Why Hyliion Stock Popped Thursday

TheMotleyFool

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Investors are going into the holiday weekend with a renewed interest in electric vehicle start-up stocks. That's particularly true in the area of commercial semi trucks. And Hyliion Holdings (NYSE: HYLN) is one beneficiary. Hyliion shares were up double-digits at the highs of Thursday's session, and remained up 8.2% as of 3:22 P.M. ET.

The move seems to be coming in sympathy with a bigger jump in competitor Nikola's (NASDAQ: NKLA) shares. Nikola recently reported it delivered its first battery-electric trucks to a customer. The market is giving it credit for the milestone today, with Nikola shares zooming more than 22% higher at their peak of the day.

Image source: Hyliion Holdings.

Source Fool.com

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