Hyzon Motors Inc. (NASDAQ:HYZN) Major Shareholder Sells $180,000.00 in Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 2,000,000 shares of Hyzon Motors stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $0.09, for a total transaction of $180,000.00. Following the completion of the transaction, the insider now directly owns 35,978,275 shares in the company, valued at approximately $3,238,044.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, August 23rd, Fuel Cell Technologies Horizon sold 2,000,000 shares of Hyzon Motors stock. The stock was sold at an average price of $0.07, for a total transaction of $140,000.00.
• On Wednesday, August 21st, Fuel Cell Technologies Horizon sold 1,000,000 shares of Hyzon Motors stock. The shares were sold at an average price of $0.06, for a total value of $60,000.00.
• 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 transaction of $113,344.92.

Hyzon Motors Price Performance

HYZN stock opened at $0.06 on Friday. The firm has a market capitalization of $15.68 million, a P/E 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 simple moving average is $0.19 and its 200-day simple moving average is $0.46.

Hyzon Motors (NASDAQ:HYZN) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.06). The business had revenue of $0.31 million for the quarter, compared to analysts’ expectations of $1.00 million. During the same quarter last year, the firm posted ($0.25) EPS. Sell-side analysts predict that Hyzon Motors Inc. will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hyzon Motors stock. Vanguard Group Inc. raised its holdings in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 1.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,745,622 shares of the company’s stock after acquiring an additional 48,833 shares during the quarter. Vanguard Group Inc. owned approximately 1.53% of Hyzon Motors worth $2,760,000 at the end of the most recent quarter. Hedge funds and other institutional investors 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.