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Hyliion stock will begin trading on the New York Stock Exchange Friday, Oct.
The company is merging with Tortoise Acquisition Corporation (NYSE: SHLL) after a vote by SHLL shareholders on Monday, Sept.
Tortoise Acquisition is up 370% since its IPO in June, from $10 to $47.
The Hyliion reverse merger is big news in the SPAC world, only weeks after Nikola stock fell from grace.
Initially, Nikola traded for $73, but it has since dropped to $19 after rumors of fraud by CEO Trevor Milton.
This might have many investors second-guessing electric vehicle stocks – and the whole Special Purpose Acquisition Company (SPAC) model of investment.
But just because Nikola appears to be a dud right now, does not mean there aren't still huge opportunities for stocks in this field.
Hyliion is quite a different animal from Nikola in almost every respect.
Today, you're going to see why and whether or not you should buy it.