Hyliion Holdings Corp. is trading at $7.13 (up 10.5%) as the stock extends a strong rally driven by recent positive developments for its KARNO power-module.
- On June 1, Hyliion announced its KARNO Power Module was named the 2026 Most Valuable Product (MVP) by Consulting-Specifying Engineer magazine.
- On June 3, the company announced the US Navy and DARPA selected the USX-1 Defiant unmanned vessel as the launch platform for KARNO Core sea trials.
- This news builds on momentum from the company's Q1 2026 earnings beat on May 12.