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Hyzon Motors Inc.NasdaqCM:HYZN Stock Report

Market Cap US$4.9m
Share Price
n/a
My Fair Value
n/a
1Y-98.3%
7D-11.1%
1D
Portfolio Value
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Hyzon Motors Inc.

NasdaqCM:HYZN Stock Report

Market Cap: US$4.9m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Hyzon Motors (HYZN) Stock Overview

Supplies hydrogen fuel cell systems for decarbonization applications in various industries. More details

HYZN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Risk Analysis

Has less than 1 year of cash runway

Does not have a meaningful market cap ($5M)

Earnings have declined by 72.1% per year over past 5 years

Shareholders have been substantially diluted in the past year

+ 2 more risks

HYZN Community Fair Values

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Hyzon Motors Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hyzon Motors
Historical stock prices
Current Share PriceUS$0.64
52 Week HighUS$45.00
52 Week LowUS$0.42
Beta2.91
1 Month Change-42.87%
3 Month Change-62.14%
1 Year Change-98.34%
3 Year Change-99.75%
5 Year Changen/a
Change since IPO-99.88%

Recent News & Updates

Recent updates

Seeking Alpha • Jun 02

Hyzon Motors: Hyway To Hell

Summary Earlier this month, Hyzon Motors or "Hyzon" reported Q1/2024 results, with revenues boosted by final customer acceptances for ten coach buses and one refuse truck in Australia. However, the company continues to burn cash at an alarming pace and will require a large amount of additional capital to continue executing its business plan. As a result, management was required to include a going concern warning into Hyzon's quarterly report on form 10-Q. While the company is looking for strategic investors, a heavily dilutive equity raise or convertible debt offering looks like the most likely outcome at this point. Given elevated risk of substantial, near-term dilution, investors should consider selling existing positions and moving on. Read the full article on Seeking Alpha
Seeking Alpha • Aug 17

Hyzon Motors receives Nasdaq notice on failure to file earnings report

Hyzon Motors (NASDAQ:HYZN) received a non-compliance notice from Nasdaq over a failure to yet file its earnings report on Form 10-Q for the quarter ended Jun. 30. The stock exchange's listing rules require listed companies to timely file all required periodic reports with the Securities and Exchange Commission (the "SEC"). The fuel cell electric mobility company needs to submit a plan within 60 calendar days from Aug. 16, or no later than Oct. 14, which addresses how it intends to regain compliance with the listing rules. Nasdaq may grant an extension of up to 180 calendar days from the Form 10-Q original filing due date, or until Feb. 13, 2023, to regain compliance. Source: Press Release
Seeking Alpha • Aug 08

Hyzon Motors - Sell

Last year, shares were hit hard by fraud allegations from professional shortselling outfits. Disclosures made in a new SEC-Filing now lend a lot of credibility to those reports. Company withdraws all previously issued financial and operational guidance. Previous financial statements should no longer be relied upon. European operations require restructuring. The Board of Directors has retained third party consultants to assist with reassessing the company’s global strategies and operations. With both previously reported financials and Hyzon's outlined strategy apparently being null and void, it's difficult to assign any value to the company besides its shrinking cash balances. Investors should sell existing positions or even consider outright shorting the shares. Last year, shares of emerging fuel cell electric vehicle "FCEV" producer Hyzon Motors (HYZN) or "Hyzon" were hit hard by a shortseller report from Blue Orca Capital which essentially asserted the company being a sham. Fellow contributor Stephen Tobin recently provided a short overview of the key allegations, readers looking for more detail should consider starting with his article. While the company was quick to refute the report, the allegations not only resulted in multiple shareholder lawsuits and a SEC subpoena but also impacted the company's business as stated in its 2021 annual report on form 10-K: The negative publicity stemming from this article has adversely affected our brand and reputation as well as our stock price which makes it more difficult for us to attract and retain employees, partners and customers, reduces confidence in our products and services, harms investor confidence and the market price of our securities, invites legislative and regulatory scrutiny, and has resulted in litigation and governmental investigations. As a result, customers, potential customers, partners and potential partners have failed to award us additional business or cancelled or sought to cancel existing contracts or otherwise, directed or may direct future business to our competitors, and may in the future take similar actions, and investors may invest in our competitors instead of us. After Thursday's market close, Hyzon filed an 8-K which appears to lend plenty of credibility to last year's shortseller allegations (emphasis added by author): In connection with the preparation of the Company’s financial results for the period ended June 30, 2022, the Company’s Board of Directors appointed a committee of independent board members to investigate, with the assistance of independent outside counsel and other advisors, certain issues regarding revenue recognition timing and internal controls and procedures, primarily pertaining to its China operations, that were brought to the attention of the Board by Company management. The revenue recognition timing issues being investigated include the recognition of revenue for the year ended December 31, 2021. Due to the ongoing investigation, the Company will be unable to file its Form 10-Q for the quarter ended June 30, 2022 by August 15, 2022, the due date for filing, and does not have an anticipated filing date at this time. The Company will file a Notification of Late Filing on Form 12b-25 (the “Notification”) on or before August 16, 2022. (...) The Audit Committee of the Board of Directors of the Company, based on the recommendation of management, determined that the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the "Non-Reliance Periods") should no longer be relied upon as a result of the information contained in the above Item 2.02 of this Current Report on Form 8-K. The Company’s management and the Audit Committee have discussed the matters disclosed in this Current Report on Form 8-K with KPMG LLP, the Company’s independent registered public accounting firm. (...) The Company has determined to withdraw all financial and operational guidance it has previously issued for all periods, including for the year ended December 31, 2022 and subsequent years. Adding insult to injury, Hyzon also identified "operational inefficiencies" at Hyzon Motors Europe B.V., the company’s European joint venture with Holthausen, which are expected to have a "material adverse effect on its ability to produce and sell vehicles". In short, there appear to be serious issues with both the domestic China operations and the company's much-touted European business. As a result of the devastating revelations, the Board of Directors has retained third party consultants to assist with "reassessing the company’s global strategies and operations". At this point, the company firmly looks like the next busted SPAC deal but with an estimated remaining cash balance of at least $350 million and no debt, Hyzon won't be required to raise additional capital or even file for bankruptcy anytime soon. Assuming annual cash usage of $125 million, the company would have runway well into 2025. That said, with management and third party advisors apparently back to the drawing board, there's not much of an investment thesis left at this point. Bottom Line Kudos to Blue Orca Capital and Iceberg Research for their timely exposure of what I believe is just another dubious SPAC deal. With both previously reported financials and Hyzon's outlined strategy apparently being null and void, it's difficult to assign any value to the company besides its (shrinking) cash balances.
Analysis Article • Jul 08

Hyzon Motors (NASDAQ:HYZN) Is In A Good Position To Deliver On Growth Plans

Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Seeking Alpha • Jun 08

Hyzon Motors: FCEV Truck Sales To Commence In California

Hyzon builds hydrogen-to-electric trucks, with sales now commencing worldwide. In fact, the company just announced CARB certification in California and this will likely be the highest value market in the U.S. Now that the company is entering the commercialization phase, they are worth consideration, especially as competition is delayed (Tesla).
Analysis Article • Mar 24

Companies Like Hyzon Motors (NASDAQ:HYZN) Are In A Position To Invest In Growth

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...
Seeking Alpha • Jan 06

Hyzon Motors: Invest In A Cleaner World

Hyzon Motors, which some people call the "Tesla of Hydrogen Gas", might be among the most speculative companies that I am aware of in the market today. The company's ultimate goal is to replace polluting diesel-powered trucks and buses with environmentally friendly hydrogen fuel cell powered solutions. The financials from Q3 2021 were ugly, as the company only earned $1 million in revenues, with $50 million in operating expenses. This is a very early-stage company. Competition for Hyzon Motors comes more from Elon Musk and Tesla than it does from fellow hydrogen companies Nikola and Plug Power. I rate this company as neutral as it is currently uninvestable for most investors. Only investors with a VC mindset should consider buying at current prices.
Seeking Alpha • Oct 05

Hyzon Looks Promising With Hydrogen Trucks On The Road

Hyzon is a recent SPAC merger of a heavy-duty fuel cell vehicle company. It smartly leverages its asset-light model to increase production fast. The company is reasonably valued based on its projections. This leaves plenty of upside for patient investors. It still has to prove itself on execution. Blue Orca Capital wrote an extensive short report about Hyzon. The short report doesn't attack Hyzon's technology.

Shareholder Returns

HYZNUS MachineryUS Market
7D-11.1%4.6%-1.8%
1Y-98.3%50.8%23.3%

Return vs Industry: HYZN underperformed the US Machinery industry which returned 15% over the past year.

Return vs Market: HYZN underperformed the US Market which returned 22.7% over the past year.

Price Volatility

Is HYZN's price volatile compared to industry and market?
HYZN volatility
HYZN Average Weekly Movement16.8%
Machinery Industry Average Movement6.6%
Market Average Movement7.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: HYZN's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: HYZN's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2020360Parker Meekshyzonmotors.com

Hyzon Motors Inc. supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also 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.

Hyzon Motors Inc. Fundamentals Summary

How do Hyzon Motors's earnings and revenue compare to its market cap?
HYZN fundamental statistics
Market capUS$4.86m
Earnings (TTM)-US$175.83m
Revenue (TTM)US$10.73m
0.5x
P/S Ratio
0.0x
P/E Ratio

Is HYZN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HYZN income statement (TTM)
RevenueUS$10.73m
Cost of RevenueUS$35.65m
Gross Profit-US$24.93m
Other ExpensesUS$150.90m
Earnings-US$175.83m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-23.16
Gross Margin-232.44%
Net Profit Margin-1,639.40%
Debt/Equity Ratio0%

How did HYZN perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/02 08:29
End of Day Share Price 2025/01/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hyzon Motors Inc. is covered by 6 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan DorsheimerCanaccord Genuity
Michael ShliskyD.A. Davidson & Co.
William PetersonJ.P. Morgan