Hyzon Motors Inc Up 37.02% To $1.08 After Earnings Miss

Hyzon Motors Inc (HYZN) said before open Tuesday that it lost $0.18 per share in quarter three 2023. The company reported $0.00 in revenue

In the same quarter a year ago, the company lost $0.1 per share on revenue of $5,000.00.

The stock is up 37.02% to $1.08 after the report.

Despite Hyzon Motors Inc reporting a decline in revenues, earnings increased signaling a rise in profit margins.

Wall Street Analysts had an average rating of Strong Sell on the stock prior to the report.

Trading in the five days leading up to the report earned Hyzon Motors Inc a Neutral Sentiment Rank from InvestorsObserver.

Hyzon Motors Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 20, putting Hyzon Motors Inc in the bottom 25% of stocks. The firm set a 52-week low on May 19, 2023 at $0.45 and set a 52-week high on February 3, 2023 at $2.35.

Hyzon Motors Inc assembles and supplies hydrogen fuel cell-powered commercial vehicles across North America, Europe, China, and Australasia. In addition, it builds and fosters a clean hydrogen supply ecosystem with partners from feedstocks through production, dispensing and financing. The company intends to meet its customers' zero-emission vehicle needs by electrifying proven vehicle platforms utilizing its industry- leading fuel cell and electric propulsion technologies. It expects to deploy these technologies in various vehicle classes, including heavy-duty and medium-duty trucks and buses with the potential for future expansion into light-duty commercial vehicles, additional mobility use cases and stationary power applications.