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Hyzon Motors Inc. (HYZN) Reports Q1 Loss, Tops Revenue Estimates
Zacks Investment Research· 2024-05-13 22:31
Company Performance - Hyzon Motors Inc. reported a quarterly loss of $0.14 per share, which was better than the Zacks Consensus Estimate of a loss of $0.17, representing an earnings surprise of 17.65% [1] - The company posted revenues of $9.98 million for the quarter ended March 2024, significantly surpassing the Zacks Consensus Estimate by 1,896.60%, compared to zero revenues a year ago [2] - Over the last four quarters, Hyzon Motors has exceeded consensus EPS estimates two times [2] Stock Movement and Outlook - Hyzon Motors shares have declined approximately 40.4% since the beginning of the year, while the S&P 500 has gained 9.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on recently released numbers and future earnings expectations [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is -$0.15 on $1 million in revenues, and -$0.60 on $7 million in revenues for the current fiscal year [7] - The estimate revisions trend for Hyzon Motors is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Automotive - Original Equipment industry, to which Hyzon Motors belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact the stock's performance [8]
Hyzon Motors (HYZN) - 2024 Q1 - Quarterly Report
2024-05-13 20:15
Table of Contents FORM 10-Q ______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Hyzon Motors Inc. (Exact name of registrant as specified in its charter) ______________________ Delaware 001-39632 82-2726724 ...
Hyzon Motors (HYZN) - 2024 Q1 - Quarterly Results
2024-05-13 20:06
Exhibit 99.1 News release HYZON ANNOUNCES FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS BOLINGBROOK, Ill., May 13, 2024 - Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero- emission power to decarbonize the most demanding industries, today announced its first quarter 2024 financial and operating results: Recent Highlights "I am pleased with our start to 2024, during which we have built upon ...
Hyzon and New Way Unveil North America's First Hydrogen Fuel Cell Refuse Truck at Waste Expo
Prnewswire· 2024-05-07 13:30
The Class 8 fuel cell-powered electric refuse collection vehicle heads next to Recology in California to showcase its zero-emissions and operational capabilitiesLAS VEGAS, May 7, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains and New Way Trucks, a privately held industry-leading refuse truck body manufacturer, are showcasing North America's first hydrogen fuel cell-powered electric refuse truck at Wast ...
Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Qualified Commercial Clean Vehicles
Prnewswire· 2024-05-06 11:30
BOLINGBROOK, Ill., May 6, 2024 /PRNewswire/ -- Today, Parker Meeks, Chief Executive Officer of Hyzon (NASDAQ: HYZN), a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains, issued the following statement in support of final regulations the U.S. Department of the Treasury recently released regarding federal tax credits for purchasing clean vehicles, including the up to $40,000 federal tax credit for purchasing qualified commercial clean vehicles. "I app ...
HYZON ANNOUNCES DATE FOR FIRST QUARTER 2024 FINANCIAL RESULTS AND CONFERENCE CALL
Prnewswire· 2024-04-29 20:30
BOLINGBROOK, Ill., April 29, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced that Management will host a conference call to discuss its first quarter 2024 earnings results at 4:30 p.m., ET, on Monday, May 13, 2024.Participants can join the call at 1-888-800-7840 or international callers can use 1-646-307-1856 and enter ...
Hyzon Motors (HYZN) - 2023 Q4 - Annual Report
2024-03-22 12:15
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K _________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the annual period ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from ________ to ________ Commission File Number 001-39632 _________________________ Hyzon Motors Inc. (Exact name of registra ...
Hyzon Motors (HYZN) - 2023 Q3 - Earnings Call Presentation
2023-11-14 13:34
IP Portfolio and Markets Expanding Appalachian Hydrogen Hub Gulf Coast Hydrogen Hub California Hydrogen Hub Pacific Northwest Hydrogen Hub Heartland Hydrogen Hub Midwest Hydrogen Hub DOE Hydrogen Hubs Award Recipients Mid-Atlantic Hydrogen Hub Major Ports California (CARB) HVIP • Nearly $400M available today • Up to $288k subsidy per truck • Hyzon large fleet + Port focus today • Amendment expands addressable end markets: − Newly added rights to stationary power in North America − Pathway for efficient deve ...
Hyzon Motors (HYZN) - 2023 Q3 - Quarterly Report
2023-11-14 13:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ ______________________ Hyzon Motors Inc. (Exact name of registran ...
Hyzon Motors (HYZN) - 2023 Q2 - Quarterly Report
2023-08-08 21:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ FORM 10-Q ______________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ ______________________ Hyzon Motors Inc. (Exact name of registrant as ...