Why Hyzon Motors Shares Are Buying and selling Greater In the present day

Hyzon Motors Inc. (NASDAQ: HYZN) Shares are buying and selling greater after JP Morgan launched a inventory hedge with an chubby score and introduced a worth goal of $ 18.

JP Morgan analyst Invoice Peterson famous “we consider Hyzon’s early management in gasoline cell autos, robust partnerships throughout the hydrogen ecosystem and a deal with pure play might uniquely place it to outperform its competitors “.

The corporate additionally introduced that it has signed a memorandum of understanding with Shanghai Hydrogen HongYun Automotive Co., ltd for the acquisition of 500 hydrogen electrical vehicles.

“Hydrogen gasoline cell expertise has been adopted sooner in China than the remainder of the world,” mentioned Craig Knight, CEO of Hyzon. “This permits Hyzon to start the vital work of decarbonizing the surroundings, whereas constructing the expertise, capability and experience that will likely be utilized globally.”

Hyzon Motors is a hydrogen-powered mobility firm that manufactures hydrogen-powered business autos and gasoline cell techniques. It focuses on the event of medium and heavy vehicles, in addition to metropolis buses and coaches.

Hyzon’s inventory was buying and selling round 14% greater to $ 10.05 a share on Thursday on the time of publication. The inventory has a 52-week excessive of $ 19.95 and a 52-week low of $ 6.02.

Newest critiques for HYZN

Sep 2021

JP Morgan

Launches the activated cowl

Chubby

August 2021

Wedbush

Maintains

Surpass

August 2021

Wedbush

Launches the activated cowl

Surpass

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