At the end of May, Hyliion (HYLN) caught the market’s eye with a breakthrough that turned the tide in its favor. The company secured selection from the Air Force and the Department of Defense’s Chief Digital and Artificial Intelligence Office to meet a critical operational need.
Hyliion will supply its KARNO power modules which will help the Air Force maintain essential functions during fuel supply disruptions by effortlessly switching between available fuels. Investors reacted swiftly, sending HYLN stock up by 50% on May 28.
