JPMorgan Chase & Co. lowered shares of Hyzon Motors (NASDAQ:HYZN – Get Rating) from an overweight rating to an underweight rating in a research report sent to investors on Friday, The Fly reports.
Other analysts have also recently issued reports about the company. The Goldman Sachs Group dropped their price target on Hyzon Motors from $6.00 to $5.25 and set a neutral rating for the company in a report on Thursday, June 23rd. Morgan Stanley dropped their price target on Hyzon Motors from $7.00 to $5.00 and set an equal weight rating for the company in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Hyzon Motors currently has a consensus rating of Hold and an average price target of $8.25.
Get Hyzon Motors alerts:Hyzon Motors Trading Down 38.1 %
Shares of NASDAQ HYZN opened at $2.78 on Friday. Hyzon Motors has a 12 month low of $2.47 and a 12 month high of $11.37. The stock has a 50 day moving average of $3.73 and a 200-day moving average of $4.54. The company has a market capitalization of $689.16 million, a P/E ratio of -23.17 and a beta of 2.21.
Hyzon Motors (NASDAQ:HYZN – Get Rating) last released its quarterly earnings results on Friday, May 6th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The firm had revenue of $0.36 million for the quarter, compared to analyst estimates of $8.10 million. Analysts predict that Hyzon Motors will post -0.36 EPS for the current fiscal year.Hedge Funds Weigh In On Hyzon Motors
Several hedge funds and other institutional investors have recently modified their holdings of HYZN. Invesco Ltd. bought a new stake in Hyzon Motors during the 4th quarter worth $21,365,000. Hood River Capital Management LLC bought a new stake in Hyzon Motors during the 1st quarter worth $16,377,000. Vanguard Group Inc. grew its position in shares of Hyzon Motors by 176.2% in the 1st quarter. Vanguard Group Inc. now owns 3,589,810 shares of the company's stock valued at $22,938,000 after buying an additional 2,290,045 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hyzon Motors in the 1st quarter valued at about $6,006,000. Finally, Long Focus Capital Management LLC bought a new stake in shares of Hyzon Motors in the 4th quarter valued at about $4,868,000. Institutional investors own 17.32% of the company's stock.
Hyzon Motors Company Profile
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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.
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