Hyliion Holdings Corp. is trading 5.9% up at $7.33 as a bullish analyst initiation from Needham continues to fuel follow-through buying interest.
- Needham reportedly started coverage on June 10 with a Buy rating and an above-consensus price target, sparking a sharp rebound that began earlier this week.
- The upward move is also supported by a broadly higher U.S. equity market, which is boosting sentiment for higher-beta names.