$HYLN

Hyliion Demonstrates Coordinated Operation of Karno Power Modules

Hyliion Holdings (HYLN) said it successfully demonstrated its Karno Power Modules operating together as a coordinated generation system.During the demonstration, two 200 kilowatt units automatically shared changing electrical loads while maintaining stable power delivery, the company said Monday in a statement.The test validated the Karno Management System's ability to coordinate multiple power modules and adjust each unit's output as power demand changes, the company said.The test supports the development of a standardized 800-kilowatt building block and larger 2.4-megawatt and 3.2-megawatt power plants using multiple 200-kilowatt Karno systems operating in parallel, the company said.Price: $3.78, Change: $+0.22, Percent Change: +6.18%

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Solidion Technology (STI) has decided against a previously planned offering and has withdrawn its previously filed registration statement on Form S-1 with the US Securities and Exchange Commission, the company said Wednesday.Shares jumped 29% following an increase in intraday trading volume to almost 3.81 million from a daily average of about 2.56 million.Lakeland Industries (LAKE) shares surged 19% amid heavy trading after the company unexpectedly swung into the black in fiscal Q1 late Tuesday.More than 560,000 shares of the company traded intraday compared with a daily average of about 101,000.Needham initiated Hyliion (HYLN) with a buy rating and set a $9 price target on its shares.Shares of Hyliion were up 9.8% amid a surge in intraday trading volume to nearly 4.69 million from a daily average of roughly 2.96 million.Price: $26.30, Change: $+5.83, Percent Change: +28.48%

Needham Initiates Hyliion Holdings at Buy With $9 Price Target