Why Investors Are Pumping the Brakes on Hyliion Holdings Today
After climbing nearly 5% through the first two days of the week, shares of Hyliion Holdings (NYSE: HYLN) are moving in reverse today as shareholders dig through the company's third-quarter earnings report, which was released after the market closed yesterday. Although the company exceeded analysts' bottom-line expectation, investors weren't impressed, expressing concern over the supply chain challenges facing the company.
As of 10:36 a.m. EST on Wednesday, Hyliion's stock was down 12.6%.
Image source: Getty Images.
Source Fool.com
