Fuel Cell Technologies Horizon Sells 500,000 Shares of Hyzon Motors Inc. (NASDAQ:HYZN) Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $0.07, for a total transaction of $35,000.00. Following the transaction, the insider now directly owns 35,478,275 shares of the company’s stock, valued at $2,483,479.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Friday, August 23rd, Fuel Cell Technologies Horizon sold 2,000,000 shares of Hyzon Motors stock. The shares were 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 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 value 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 value 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 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 transaction of $113,344.92.

Hyzon Motors Price Performance

Shares of HYZN stock opened at $0.06 on Friday. The company has a fifty day moving average price of $0.19 and a two-hundred day moving average price of $0.46. Hyzon Motors Inc. has a one year low of $0.05 and a one year high of $1.43. The stock has a market cap of $15.59 million, a P/E ratio of -0.08 and a beta of 2.94.

Hyzon Motors (NASDAQ:HYZN) last issued its 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 company had revenue of $0.31 million for the quarter, compared to analyst estimates of $1.00 million. During the same period in the prior year, the business earned ($0.25) EPS. As a group, equities research analysts anticipate that Hyzon Motors Inc. will post -0.58 EPS for the current fiscal year.

Institutional Trading of Hyzon Motors

An institutional investor recently raised its position in Hyzon Motors stock. Van ECK Associates Corp increased its holdings in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 about 0.41% of Hyzon Motors worth $328,000 as of its most recent SEC filing. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

About Hyzon Motors

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.