Hyzon motors CFO sells $6,182 in inventory

In a current transaction, Hyzon Motors Inc. (NASDAQ:HYZN) Chief Monetary Officer Stephen Weiland offered 5,515 shares of the corporate’s Class A Frequent Inventory. The corporate, at present valued at simply $8.05 million, has seen its inventory value decline by roughly 98% year-to-date, in keeping with InvestingPro knowledge. The shares had been offered at a median value of $1.1211 per share, amounting to a complete transaction worth of $6,182. Following this sale, Weiland not holds any shares within the firm. The transaction was executed on December 26, 2024, as reported in a Type 4 submitting with the Securities and Alternate Fee. Whereas InvestingPro evaluation exhibits the corporate maintains additional cash than debt on its stability sheet, its general monetary well being rating is rated as weak. Subscribers can entry 18 extra ProTips and a complete Professional Analysis Report for deeper insights into HYZN’s monetary place.

In different current information, Hyzon Motors Inc. has reported a lower in its money reserves, with an unaudited money and money equivalents standing at roughly $14.0 million. The corporate is exploring strategic choices to enhance its capital construction and tackle liquidity wants. Hyzon Motors has additionally secured its second Gasoline Cell Electrical Truck (FCET) order from South San Francisco Scavenger Co., marking a big development within the refuse assortment phase.

As well as, the corporate has expanded its approved shares of Class A standard inventory from 20 million to 120 million, a transfer that acquired sturdy help from stockholders. Hyzon Motors has accomplished profitable trials of its hydrogen-powered FCET in varied Californian areas and secured North America’s first contract for hydrogen-powered refuse vehicles with GreenWaste.

These current developments point out Hyzon’s dedication to advancing clear power options within the heavy-duty transportation sector. Regardless of a internet money burn of $8.2 million reported in its Q3 2024 earnings name, Hyzon anticipates decreasing this determine by year-end and continues to give attention to changing trial successes into business agreements. Analysts from InvestingPro anticipate income development of 54.93% for the present yr.

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