Hyzon Motors (NASDAQ:HYZN) Stock Price Up 9.6% – Here’s Why

Hyzon Motors Inc. (NASDAQ:HYZN)’s share price was up 9.6% during mid-day trading on Monday . The stock traded as high as $1.86 and last traded at $1.83. Approximately 232,557 shares were traded during trading, a decline of 19% from the average daily volume of 288,096 shares. The stock had previously closed at $1.67.

Hyzon Motors Price Performance

The business’s fifty day moving average price is $1.93 and its 200-day moving average price is $8.87. The stock has a market capitalization of $13.89 million, a PE ratio of -0.05 and a beta of 2.89.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Hyzon Motors by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,745,622 shares of the company’s stock worth $2,760,000 after purchasing an additional 48,833 shares in the last quarter. Van ECK Associates Corp lifted its position in Hyzon Motors by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,022,830 shares of the company’s stock valued at $328,000 after acquiring an additional 111,431 shares during the period. Victory Capital Management Inc. lifted its position in Hyzon Motors by 48.0% during the 3rd quarter. Victory Capital Management Inc. now owns 25,199 shares of the company’s stock valued at $61,000 after acquiring an additional 8,173 shares during the period. Finally, First Commonwealth Financial Corp PA purchased a new stake in Hyzon Motors in the third quarter worth about $26,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

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.