Fuel Cell Technologies Horizon Sells 197,183 Shares of Hyzon Motors Inc. (NASDAQ:HYZN) Stock

Hyzon Motors Inc. (NASDAQ:HYZNGet Free Report) major shareholder Fuel Cell Technologies Horizon sold 197,183 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $0.55, for a total transaction of $108,450.65. Following the transaction, the insider now owns 90,179,537 shares in the company, valued at $49,598,745.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Tuesday, May 14th, Fuel Cell Technologies Horizon sold 201,500 shares of Hyzon Motors stock. The shares were sold at an average price of $0.57, for a total transaction of $114,855.00.
  • On Thursday, May 9th, Fuel Cell Technologies Horizon sold 10,089 shares of Hyzon Motors stock. The stock was sold at an average price of $0.57, for a total value of $5,750.73.
  • On Wednesday, April 10th, Fuel Cell Technologies Horizon sold 1,999,532 shares of Hyzon Motors stock.

Hyzon Motors Stock Down 2.6 %

Shares of HYZN stock opened at $0.52 on Wednesday. The company has a market cap of $127.34 million, a P/E ratio of -0.67 and a beta of 3.11. The business has a 50 day moving average of $0.65 and a two-hundred day moving average of $0.75. Hyzon Motors Inc. has a 52 week low of $0.49 and a 52 week high of $2.17.

Hyzon Motors (NASDAQ:HYZNGet Free Report) last announced its quarterly earnings results on Friday, March 22nd. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. The company had revenue of $0.30 million during the quarter, compared to the consensus estimate of $0.20 million. Analysts expect that Hyzon Motors Inc. will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HYZN shares. Roth Capital reiterated a “buy” rating on shares of Hyzon Motors in a report on Wednesday, March 6th. Roth Mkm reissued a “buy” rating and set a $1.60 target price on shares of Hyzon Motors in a report on Monday, March 25th.

Check Out Our Latest Research Report on Hyzon Motors

Hedge Funds Weigh In On Hyzon Motors

Several hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new stake in shares of Hyzon Motors in the 4th quarter worth about $108,000. Citigroup Inc. grew its position in Hyzon Motors by 64.8% in the 3rd quarter. Citigroup Inc. now owns 103,229 shares of the company’s stock worth $129,000 after purchasing an additional 40,583 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hyzon Motors by 18.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,242,052 shares of the company’s stock valued at $1,553,000 after purchasing an additional 197,144 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Hyzon Motors by 1.3% during the first quarter. Vanguard Group Inc. now owns 3,745,622 shares of the company’s stock valued at $2,760,000 after buying an additional 48,833 shares during the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.

About Hyzon Motors

(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.

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