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

Posted by Chris Copeland on Aug 24th, 2024

Hyzon Motors Inc. (NASDAQ:HYZN – Get Free Report) major shareholder Fuel Cell Technologies Horizon sold 1,000,000 shares of Hyzon Motors stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $0.06, for a total value of $60,000.00. Following the transaction, the insider now directly owns 40,978,275 shares in the company, valued at $2,458,696.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more 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 Monday, August 19th, Fuel Cell Technologies Horizon sold 1,000,000 shares of Hyzon Motors stock. The stock was sold at an average price of $0.06, for a total value of $60,000.00.
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 value of $196,711.68.
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 shares were sold at an average price of $0.50, for a total value of $101,173.00.

Hyzon Motors Stock Performance

Hyzon Motors stock opened at $0.07 on Friday. The firm has a market cap of $16.08 million, a P/E ratio of -0.08 and a beta of 2.94. The business’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.49. Hyzon Motors Inc. has a 52 week low of $0.05 and a 52 week high of $1.43.

Hyzon Motors (NASDAQ:HYZN – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The firm had revenue of $0.31 million during the quarter, compared to analyst estimates of $1.00 million. During the same quarter in the previous year, the business earned ($0.25) earnings per share. On average, equities research analysts predict that Hyzon Motors Inc. will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hyzon Motors

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

Hyzon Motors Company Profile

(Get Free Report)

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.