Hyzon Motors (NASDAQ:HYZN) Stock Price Up 2.7%

Shares of Hyzon Motors Inc. (NASDAQ:HYZN) rose 2.7% during mid-day trading on Thursday . The stock traded as high as $0.38 and last traded at $0.37. Approximately 487,668 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 485,055 shares. The stock had previously closed at $0.36.

Wall Street Analyst Weigh In

HYZN has been the topic of several research analyst reports. Roth Capital reiterated a “buy” rating on shares of Hyzon Motors in a report on Wednesday, March 6th. Roth Mkm reiterated a “buy” rating and issued a $1.60 price objective on shares of Hyzon Motors in a report on Monday, March 25th.

Hyzon Motors Stock Down 13.5 %

The company has a fifty day moving average of $0.50 and a 200-day moving average of $0.65.

Hyzon Motors (NASDAQ:HYZN) last released its earnings results on Monday, May 13th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. The business had revenue of $9.98 million during the quarter, compared to analysts’ expectations of $0.50 million. Equities research analysts anticipate that Hyzon Motors Inc. will post -0.58 earnings per share for the current year.

Insiders Place Their Bets

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 201,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $0.57, for a total value of $114,855.00. Following the transaction, the insider now directly owns 90,376,720 shares of the company’s stock, valued at approximately $51,514,730.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,854,355 shares of company stock valued at $456,752 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Hyzon Motors

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in Hyzon Motors by 64.8% in the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock valued at $129,000 after purchasing an additional 40,583 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Hyzon Motors in the 4th quarter valued at approximately $108,000. Finally, Vanguard Group Inc. increased its holdings in Hyzon Motors by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,745,622 shares of the company’s stock valued at $2,760,000 after purchasing an additional 48,833 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

Hyzon Motors Company Profile

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.