HYZN - Hyzon Motors feels a string from short-selling firm again

Hyzon Motors (HYZN -2.7%) is under attack again from Iceberg Research. The short-selling firm says Hyzon's Q3 tally of two truck sales raises questions on the guidance for 85 sales in 2021 and the use of HongYun Automotive as a potential buyer. "Hyzon is incentivised to keep the HongYun charade alive till the lock-up for 170m shares expires on 17 January next year, in our view. Its guidance shows HongYun is essential for 2022 sales as well. Hyzon has forecast 600-700 vehicle deliveries in 2022, of which HongYun would be responsible for 400 (~60%) under the MoU signed on 9 September." HYZN has some support on Wall Street with Colliers Securities, JPMorgan and Wedbush Securities all down with Buy ratings. George Soros' firm was also buyer in Q3.

For further details see:

Hyzon Motors feels a string from short-selling firm again