Insider Selling: Hyzon Motors Inc. (NASDAQ:HYZN) Major Shareholder Sells $135,292.70 in Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 1,352,927 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $0.10, for a total value of $135,292.70. Following the completion of the transaction, the insider now owns 52,848,220 shares of the company’s stock, valued at approximately $5,284,822. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% 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 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 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 shares were 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 transaction of $10,404.51.
• On Wednesday, May 22nd, Fuel Cell Technologies Horizon sold 5,333 shares of Hyzon Motors stock. The shares were sold at an average price of $0.52, for a total transaction of $2,773.16.
• On Thursday, May 16th, Fuel Cell Technologies Horizon sold 197,183 shares of Hyzon Motors stock. The shares were sold at an average price of $0.55, for a total transaction of $108,450.65.

Hyzon Motors Stock Performance

Hyzon Motors stock opened at $0.07 on Friday. The stock has a 50-day simple moving average of $0.27 and a 200 day simple moving average of $0.51. The stock has a market capitalization of $18.46 million, a P/E ratio of -0.10 and a beta of 2.94. Hyzon Motors Inc. has a 52 week low of $0.07 and a 52 week high of $1.43.

Hyzon Motors (NASDAQ:HYZN) last issued its earnings results on Monday, May 13th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03. The business had revenue of $9.98 million for the quarter, compared to the consensus estimate of $0.50 million. Research analysts forecast that Hyzon Motors Inc. will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp lifted its stake in shares of Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,022,830 shares of the company’s stock after buying 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 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.