DA Davidson cut shares of Hyzon Motors (NASDAQ:HYZN – Get Rating) from a buy rating to a neutral rating in a research note published on Friday, MarketBeat Ratings reports. DA Davidson currently has $4.00 price objective on the stock, down from their previous price objective of $12.00.

HYZN has been the topic of a number of other research reports. The Goldman Sachs Group decreased their price target on shares of Hyzon Motors from $6.00 to $5.25 and set a neutral rating on the stock in a research note on Thursday, June 23rd. Wedbush downgraded shares of Hyzon Motors from an outperform rating to a neutral rating and decreased their price target for the stock from $7.00 to $3.00 in a research note on Friday. Morgan Stanley decreased their price target on shares of Hyzon Motors from $7.00 to $5.00 and set an equal weight rating on the stock in a research note on Monday, July 18th. Melius cut Hyzon Motors from a buy rating to a hold rating in a report on Friday. Finally, JPMorgan Chase & Co. cut Hyzon Motors from an overweight rating to an underweight rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $8.25.

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Hyzon Motors Trading Down 38.1 %

Shares of Hyzon Motors stock opened at $2.78 on Friday. The company's fifty day simple moving average is $3.73 and its 200-day simple moving average is $4.54. The company has a market cap of $689.16 million, a price-to-earnings ratio of -23.17 and a beta of 2.21. Hyzon Motors has a 1 year low of $2.47 and a 1 year high of $11.37.

Hyzon Motors (NASDAQ:HYZN – Get Rating) last posted its quarterly earnings results on Friday, May 6th. The company reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09). The business had revenue of $0.36 million for the quarter, compared to analyst estimates of $8.10 million. As a group, research analysts forecast that Hyzon Motors will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hyzon Motors

A number of institutional investors and hedge funds have recently made changes to their positions in HYZN. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Hyzon Motors during the 4th quarter worth approximately $125,000. Concorde Asset Management LLC raised its stake in Hyzon Motors by 53.2% in the 4th quarter. Concorde Asset Management LLC now owns 29,080 shares of the company's stock valued at $189,000 after acquiring an additional 10,100 shares during the period. Virginia Retirement Systems ET AL bought a new stake in Hyzon Motors in the 4th quarter valued at $84,000. Advisor Group Holdings Inc. raised its stake in Hyzon Motors by 118.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,910 shares of the company's stock valued at $64,000 after acquiring an additional 5,373 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Hyzon Motors in the 4th quarter valued at $270,000. 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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