Streetbeat News

HYZN

Hyzon Motors Inc.

Industry

Auto - Manufacturers

Hyzon Motors Inc., a hydrogen mobility company, provides decarbonized solutions for commercial vehicles market and hydrogen supply infrastructure. The company focuses on assembling and supplying hydrogen-powered FCEVs, including heavy-duty (Class 8) trucks, medium-duty (Class 6) trucks, light-duty (Class 3 and 4) trucks, and 40 and 60-foot (12 and18-meter) city and coach buses to commercial vehicle operators; and building and fostering a clean hydrogen supply ecosystem with leading partners from feedstock through hydrogen production, dispensing, and financing. The company was founded in 2020 and is headquartered in Honeoye Falls, New York.

Open

1.47

Mkt cap

7.5M

Volume

310K

High

1.50

P/E Ratio

-0.04

52-wk high

63.00

Low

1.29

Div yield

N/A

52-wk low

1.29

In Friday's pre-market session, several industrial stocks showed significant movement. Mesa Air Group's shares soared by 93.7%, while Spirit Airlines rose by 22.98%. Ideanomics, Li-Cycle Holdings, Hyzon Motors, and Momentus also experienced gains. Conversely, C3is, AgEagle Aerial Systems, Roma Green Finance, Aeries Technology, Nuburu, and OceanPal saw their shares decline, with C3is dropping by 33.5%.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 1:06 pm

Electric vehicle stocks, including Tesla, Lucid Group, and XPeng, faced declines amid investor concerns over Tesla's price cuts in China and a bearish EV market. Tesla's refreshed Model 3 launched in North America, but price reductions in China may lead to lower earnings estimates. Hertz plans to sell a portion of its EV fleet to reinvest in ICE vehicles, reversing its previous EV-focused strategy. Lucid reported lower Q4 production and deliveries year-over-year. XPeng showcased a flying car at CES 2024 and plans to open pre-orders in Q4. Canoo acquired manufacturing assets at a discount but saw its stock fall. Honda unveiled '0' series concept EVs at CES with a potential North American launch in 2026. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also dropped.

Portfolio Pulse from Shanthi Rexaline

January 13, 2024 | 2:03 pm

Hyzon Motors Inc. (NASDAQ:HYZN) has made significant progress in 2023, deploying 19 hydrogen fuel cell electric vehicles (FCEVs) across three continents and advancing its 200kW fuel cell system technology. The company met its annual guidance by delivering vehicles to customers in the U.S., Europe, and Australia, including the first heavy-duty fuel cell electric truck in the U.S. Hyzon's single-stack 200kW fuel cell system, which is lighter and more cost-effective than combining two 100kW systems, has completed B-sample development. The company is now entering the C-sample development phase, with production expected to start in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:33 pm

In Monday's after-market session, several industrial stocks experienced movement. Nuvve Holding (NVVE) led the gainers with a 9.0% increase, while Multi Ways Holdings (MWG) led the losers with a 5.0% decrease. Other notable gainers included Sentage Hldgs (SNTG), Greenwave Tech Solns (GWAV), Safe & Green Holdings (SGBX), Vertical Aerospace (EVTL), and Hyzon Motors (HYZN). On the losing side were AERWINS Technologies (AWIN), Intuitive Machines (LUNR), Shengfeng Development (SFWL), iPower (IPW), and Mesa Air Gr (MESA).

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:31 pm

Electric vehicle stocks fell in the week ending Jan. 5, with Tesla's Q4 deliveries exceeding expectations but not enough to lift the sector. Tesla lost its global EV leader status to BYD, faced a recall in China, and will provide 2024 guidance on Jan. 24. Rivian's Q4 deliveries slightly missed estimates, while Fisker adopted a dealer distribution model. Ford adjusted F-150 Lightning prices, and GM plans to compensate buyers for lost EV tax credits. The KraneShares Electric Vehicles ETF fell by 5.53% for the week.

Portfolio Pulse from Shanthi Rexaline

January 06, 2024 | 2:59 pm

In Friday's after-market session, several industrial stocks experienced movement. Li-Cycle Holdings (LICY), Hyzon Motors (HYZN), Broadwind (BWEN), FREYR Battery (FREY), TuSimple Hldgs (TSP), and Intuitive Machines (LUNR) saw gains, while Lichen China (LICN), Safe & Green Holdings (SGBX), Nxu (NXU), Richtech Robotics (RR), and NuScale Power (SMR) experienced losses. The movements ranged from a 5.0% increase for LICY to a 3.2% decrease for LICN.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 9:31 pm

In 2023, the EV industry faced production and demand challenges, with Tesla, Inc. (TSLA) doubling its stock value after aggressive price cuts. Rivian Automotive, Inc. (RIVN) also ended the year positively, maintaining production forecasts and managing costs. Global EV adoption slowed due to affordability and infrastructure issues. Tesla's North American Charging Standard gained significant adoption from other automakers. Legacy automakers scaled back EV plans due to strikes and demand slowdown. Analyst Gary Black views Tesla as the only investable EV company, with BYD and Rivian as potential winners. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) fell 7.85% for the year.

Portfolio Pulse from Shanthi Rexaline

December 30, 2023 | 3:28 pm

In Tuesday's after-market session, several industrial stocks experienced movement. Micromobility com (MCOM) saw a significant rise of 14.9%, while ShiftPixy (PIXY) faced a notable decline of 9.2%. Other gainers included Fuel Tech (FTEK), Tritium DCFC (DCFC), Hyzon Motors (HYZN), Surf Air Mobility (SRFM), and Fusion Fuel Green (HTOO). On the losing side, ESGL Holdings (ESGL), AERWINS Technologies (AWIN), Sunworks (SUNW), Jet AI (JTAI), and Nuburu (BURU) saw their stock prices fall.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 9:31 pm

Tesla faced a labor union strike in Sweden, lost a court case against Sweden's postal service, and was excluded from PensionDanmark's investment list due to labor issues. Tesla's China sales dropped year-over-year but increased month-over-month. Lucid Group was removed from the Nasdaq 100 Index and announced changes to its Lucid Air lineup. Nio is considering spinning off its battery unit. Rivian laid off members of its battery-cell development team. Fisker's Ocean SUV was spotted in India, and the company addressed investor concerns over its stock price. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a slight increase on Friday but an overall weekly decline.

Portfolio Pulse from Shanthi Rexaline

December 09, 2023 | 1:58 pm

In Tuesday's pre-market session, several industrial stocks showed significant movement. Gainers included Nxu, Royalty Management Hldgs, Advent Technologies Hldgs, Sidus Space, Bitcoin Depot, and OceanPal, with increases ranging from 5.62% to 20.7%. Conversely, Mesa Air Gr, Himalaya Shipping, FiscalNote Holdings, BlackSky Technology, Hyzon Motors, and noco-noco experienced declines between 5.54% and 9.1%.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 1:07 pm

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