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

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 2,458,896 shares of the company’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 completion of the sale, the insider now owns 48,978,275 shares of the company’s stock, valued at $3,918,262. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock 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 shares were sold at an average price of $0.06, for a total value of $60,000.00.
• 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 shares were 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 Stock Performance

NASDAQ HYZN opened at $0.06 on Thursday. The stock has a market cap of $15.56 million, a PE ratio of -0.08 and a beta of 2.94. Hyzon Motors Inc. has a twelve month low of $0.05 and a twelve month high of $1.43. The stock has a fifty day simple moving average of $0.23 and a 200-day simple moving average of $0.49.

Hyzon Motors (NASDAQ:HYZN) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company posted ($0.25) EPS. Research analysts predict that Hyzon Motors Inc. will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Hyzon Motors

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp boosted its position in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.41% of Hyzon Motors worth $328,000 at the end of the most recent quarter. 61.41% of the stock is owned by institutional investors and hedge funds.

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.