Insider Selling: Hyzon Motors Inc. (NASDAQ:HYZN) Major Shareholder Sells 1,411,049 Shares of Stock

Hyzon Motors Inc. (NASDAQ:HYZN) major shareholder Fuel Cell Technologies Horizon sold 1,411,049 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $0.10, for a total value of $141,104.90. Following the completion of the sale, the insider now owns 51,437,171 shares in the company, valued at $5,143,717.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 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 value of $135,292.70.
• On Tuesday, June 4th, Fuel Cell Technologies Horizon sold 217,971 shares of Hyzon Motors stock. The shares were sold at an average price of $0.52, for a total transaction 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 transaction 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 transaction of $2,773.16.
• On Thursday, May 16th, Fuel Cell Technologies Horizon sold 197,183 shares of Hyzon Motors stock. The stock was sold at an average price of $0.55, for a total transaction of $108,450.65.

Hyzon Motors Trading Down 12.1 %

Shares of Hyzon Motors stock traded down $0.01 on Tuesday, reaching $0.08. 11,982,743 shares of the company were exchanged, compared to its average volume of 1,995,158. Hyzon Motors Inc. has a fifty-two week low of $0.07 and a fifty-two week high of $1.43. The firm has a market capitalization of $19.72 million, a price-to-earnings ratio of -0.11 and a beta of 2.94. The stock has a fifty day moving average price of $0.29 and a 200-day moving average price of $0.52.

Hyzon Motors (NASDAQ:HYZN) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The firm had revenue of $9.98 million for the quarter, compared to analyst estimates of $0.50 million. On average, equities analysts anticipate that Hyzon Motors Inc. will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of Hyzon Motors

A hedge fund recently raised its stake in Hyzon Motors stock. Van ECK Associates Corp lifted its stake in Hyzon Motors Inc. (NASDAQ:HYZN) by 12.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,830 shares of the company’s stock after purchasing an additional 111,431 shares during the quarter. Van ECK Associates Corp owned 0.41% of Hyzon Motors worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.