Hyzon Motors (HYZN) Scheduled to Post Earnings on Friday

Hyzon Motors (NASDAQ:HYZN – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 6th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Hyzon Motors stock opened at $4.08 on Friday. Hyzon Motors has a one year low of $3.83 and a one year high of $11.37. The business’s fifty day moving average is $5.39 and its 200 day moving average is $5.89.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Hyzon Motors by 9.5% during the 4th quarter. BlackRock Inc. now owns 1,472,591 shares of the company’s stock valued at $9,556,000 after purchasing an additional 127,961 shares during the period. California State Teachers Retirement System bought a new stake in Hyzon Motors during the 4th quarter valued at approximately $406,000. Legal & General Group Plc bought a new stake in Hyzon Motors during the 4th quarter valued at approximately $23,552,000. Marshall Wace LLP increased its stake in Hyzon Motors by 317.6% in the 4th quarter. Marshall Wace LLP now owns 541,171 shares of the company’s stock worth $3,511,000 after acquiring an additional 411,569 shares during the last quarter. Finally, Alliancebernstein L.P. bought a new stake in Hyzon Motors in the 4th quarter worth approximately $3,570,000. 12.44% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the company. Morgan Stanley assumed coverage on Hyzon Motors in a research report on Tuesday, February 15th. They issued an “equal weight” rating and a $7.00 target price on the stock. Canaccord Genuity Group cut Hyzon Motors from a “buy” rating to a “hold” rating and dropped their target price for the stock from $12.00 to $6.00 in a research report on Wednesday, April 6th. Wedbush dropped their target price on Hyzon Motors from $15.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 25th. Zacks Investment Research raised Hyzon Motors from a “sell” rating to a “hold” rating in a research report on Friday, March 11th. Finally, DA Davidson lowered their price objective on Hyzon Motors from $21.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.89.

Hyzon Motors Company Profile (Get Rating)

HYZON Motors Inc, a hydrogen mobility company, manufactures hydrogen-powered commercial vehicles and fuel cell systems. It focuses on developing medium and heavy-duty trucks, as well as city and coach buses. The company was incorporated in 2020 and is headquartered in Honeoye Falls, New York.

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