Why Hyliion Stock Is a Better Buy Than Nikola

Hyliion stock will begin trading on the New York Stock Exchange Friday, Oct. 2. The company is merging with Tortoise Acquisition Corporation (NYSE: SHLL) after a vote by SHLL shareholders on Monday, Sept. 28. 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. The post Why Hyliion Stock Is a Better Buy Than Nikola appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: IPOs To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.