Hyzon Motors Inc. (NASDAQ:HYZN) Major Shareholder Fuel Cell Technologies Horizon Sells 1,000,000 Shares

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 1,000,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $0.06, for a total value of $60,000.00. Following the completion of the transaction, the insider now directly owns 42,978,275 shares of the company’s stock, valued at $2,578,696.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, August 15th, Fuel Cell Technologies Horizon sold 2,458,896 shares of Hyzon Motors stock. The stock was sold at an average price of $0.08, for a total transaction of $196,711.68.
• On Monday, August 12th, Fuel Cell Technologies Horizon sold 1,411,049 shares of Hyzon Motors stock. The stock was 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 transaction 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 transaction 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.

Hyzon Motors Stock Down 8.9 %

Shares of NASDAQ:HYZN traded down $0.01 during trading on Wednesday, reaching $0.06. 7,743,251 shares of the company traded hands, compared to its average volume of 2,682,544. The firm has a market capitalization of $14.70 million, a PE ratio of -0.08 and a beta of 2.94. Hyzon Motors Inc. has a 52 week low of $0.05 and a 52 week high of $1.43. The company’s 50 day moving average is $0.24 and its two-hundred day moving average is $0.49.

Hyzon Motors (NASDAQ:HYZN) last issued its earnings results on Tuesday, August 13th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The business had revenue of $0.31 million during the quarter, compared to analysts’ expectations of $1.00 million. During the same period last year, the firm posted ($0.25) earnings per share. As a group, research analysts anticipate that Hyzon Motors Inc. will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp increased its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,022,830 shares of the company’s stock after acquiring an additional 111,431 shares during the quarter. Van ECK Associates Corp owned approximately 0.41% of Hyzon Motors worth $328,000 at the end of the most recent quarter. 61.41% of the stock is currently owned by institutional investors.

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.