Hyzon Motors (NASDAQ:HYZN) Trading 5.1% Higher

Hyzon Motors Inc (NASDAQ:HYZN) traded up 5.1% on Thursday . The company traded as high as $6.50 and last traded at $6.42. 2,761 shares traded hands during trading, a decline of 100% from the average session volume of 3,784,745 shares. The stock had previously closed at $6.11.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Hyzon Motors in a research report on Thursday, September 9th. They set an “overweight” rating and a $18.00 target price for the company. Wedbush lifted their target price on Hyzon Motors from $10.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, August 31st.

The stock’s 50-day simple moving average is $8.28.

Hyzon Motors (NASDAQ:HYZN) last released its quarterly earnings results on Wednesday, August 11th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). As a group, research analysts anticipate that Hyzon Motors Inc will post -0.27 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYZN. Wedbush Securities Inc. purchased a new position in Hyzon Motors during the 3rd quarter worth $73,000. FNY Investment Advisers LLC purchased a new position in Hyzon Motors during the 3rd quarter worth $381,000. Marshall Wace North America L.P. purchased a new position in Hyzon Motors during the 2nd quarter worth $2,375,000. Finally, Marshall Wace LLP purchased a new position in Hyzon Motors during the 2nd quarter worth $3,113,000. 3.72% of the stock is owned by hedge funds and other institutional investors.

Hyzon Motors Company Profile (NASDAQ:HYZN)

Decarbonization Plus Acquisition Corporation has entered into a definitive merger agreement with Hyzon Motors Inc

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