Fuel Cell Technologies Horizon Sells 2,458,896 Shares of Hyzon Motors Inc. (NASDAQ:HYZN) Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 2,458,896 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $0.08, for a total value of $196,711.68. Following the transaction, the insider now owns 48,978,275 shares in the company, valued at $3,918,262. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Fuel Cell Technologies Horizon also recently made the following trade(s):

• On Monday, August 12th, Fuel Cell Technologies Horizon sold 1,411,049 shares of Hyzon Motors stock. The shares were sold at an average price of $0.10, for a total value of $141,104.90.
• On Friday, August 9th, Fuel Cell Technologies Horizon sold 1,352,927 shares of Hyzon Motors stock. The stock was sold at an average price of $0.10, for a total value of $135,292.70.
• On Tuesday, June 4th, Fuel Cell Technologies Horizon sold 217,971 shares of Hyzon Motors stock. The stock was sold at an average price of $0.52, for a total value of $113,344.92.
• On Tuesday, May 28th, Fuel Cell Technologies Horizon sold 202,346 shares of Hyzon Motors stock. The stock was sold at an average price of $0.50, for a total value of $101,173.00.
• On Friday, May 24th, Fuel Cell Technologies Horizon sold 20,401 shares of Hyzon Motors stock. The stock was sold at an average price of $0.51, for a total value of $10,404.51.
• On Wednesday, May 22nd, Fuel Cell Technologies Horizon sold 5,333 shares of Hyzon Motors stock. The stock was sold at an average price of $0.52, for a total value of $2,773.16.

Hyzon Motors Price Performance

Shares of NASDAQ HYZN traded up $0.01 during mid-day trading on Monday, reaching $0.06. 15,660,986 shares of the company’s stock were exchanged, compared to its average volume of 2,511,930. Hyzon Motors Inc. has a 52 week low of $0.05 and a 52 week high of $1.43. The firm has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.50. The firm has a market capitalization of $14.94 million, a price-to-earnings ratio of -0.07 and a beta of 2.94.

Hyzon Motors (NASDAQ:HYZN) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The company had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.00 million. During the same quarter in the prior year, the company earned ($0.25) EPS. As a group, sell-side analysts forecast that Hyzon Motors Inc. will post -0.58 EPS for the current fiscal year.

Institutional Trading of Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp boosted its position in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,830 shares of the company’s stock after buying an additional 111,431 shares during the quarter. Van ECK Associates Corp owned approximately 0.41% of Hyzon Motors worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 61.41% of the company’s stock.

About Hyzon Motors

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.