Hyzon Motors (NASDAQ:HYZN) Earns Buy Rating from Roth Mkm

Roth Mkm reissued their buy rating on shares of Hyzon Motors (NASDAQ:HYZN) in a research note published on Monday, Benzinga reports. Roth Mkm currently has a $1.60 price target on the stock.

Separately, Roth Capital reiterated a buy rating on shares of Hyzon Motors in a research note on Wednesday, March 6th.

Hyzon Motors Stock Performance

Shares of NASDAQ:HYZN opened at $0.72 on Monday. Hyzon Motors has a 52-week low of $0.45 and a 52-week high of $2.17. The company has a market capitalization of $176.53 million, a P/E ratio of -0.96 and a beta of 3.04. The company has a 50-day simple moving average of $0.68 and a 200 day simple moving average of $0.89.

Insiders Place Their Bets

In other Hyzon Motors news, major shareholder Fuel Cell Technologies Horizon sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $0.60, for a total transaction of $54,000.00. Following the completion of the sale, the insider now directly owns 98,987,548 shares in the company, valued at $59,392,528.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 6,450,000 shares of company stock worth $3,063,900 over the last three months. Insiders own 3.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Prelude Capital Management LLC increased its holdings in shares of Hyzon Motors by 5.7% during the first quarter. Prelude Capital Management LLC now owns 129,650 shares of the company’s stock worth $828,000 after purchasing an additional 6,950 shares during the period. JPMorgan Chase & Co. increased its stake in Hyzon Motors by 5.4% in the fourth quarter. JPMorgan Chase & Co. now owns 144,823 shares of the company’s stock valued at $224,000 after acquiring an additional 7,366 shares during the last quarter. Credit Suisse AG increased its stake in Hyzon Motors by 17.5% in the second quarter. Credit Suisse AG now owns 55,550 shares of the company’s stock valued at $163,000 after acquiring an additional 8,254 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Hyzon Motors by 25.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 52,313 shares of the company’s stock valued at $334,000 after acquiring an additional 10,707 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Hyzon Motors by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 445,725 shares of the company’s stock valued at $2,849,000 after acquiring an additional 11,080 shares during the last quarter. 61.41% of the stock is owned by institutional investors.

About Hyzon Motors

Hyzon Motors Inc provides decarbonized solutions for commercial vehicle market and hydrogen supply infrastructure. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It 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.