Fuel Cell Technologies Horizon Sells 2,000,000 Shares of Hyzon Motors Inc. (NASDAQ:HYZN) Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 2,000,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $0.07, for a total transaction of $140,000.00. Following the completion of the transaction, the insider now directly owns 37,978,275 shares of the company’s stock, valued at $2,658,479.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 26th, Fuel Cell Technologies Horizon sold 2,000,000 shares of Hyzon Motors stock. The stock was sold at an average price of $0.09, for a total transaction of $180,000.00.
• On Wednesday, August 21st, 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 transaction of $60,000.00.
• 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 transaction of $60,000.00.
• On Thursday, August 15th, Fuel Cell Technologies Horizon sold 2,458,896 shares of Hyzon Motors stock. The shares were 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 transaction 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 transaction of $113,344.92.

Hyzon Motors Stock Performance

Shares of NASDAQ HYZN traded down $0.01 during mid-day trading on Tuesday, reaching $0.08. The company’s stock had a trading volume of 15,285,556 shares, compared to its average volume of 3,803,431. Hyzon Motors Inc. has a 1-year low of $0.05 and a 1-year high of $1.43. The stock has a market capitalization of $18.58 million, a P/E ratio of -0.10 and a beta of 2.94. The stock has a 50-day moving average of $0.21 and a two-hundred day moving average of $0.47.

Hyzon Motors (NASDAQ:HYZN) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The company had revenue of $0.31 million for the quarter, compared to the consensus estimate of $1.00 million. During the same period in the prior year, the company earned ($0.25) EPS. Analysts predict that Hyzon Motors Inc. will post -0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp boosted its holdings in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,022,830 shares of the company’s stock after buying an additional 111,431 shares during the period. Van ECK Associates Corp owned approximately 0.41% of Hyzon Motors worth $328,000 at the end of the most recent reporting period. 61.41% of the stock is currently 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.