HYZNW - Hyzon Motors: Hyway To Hell

2024-06-02 05:33:09 ET

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.

Note:

I have covered Hyzon Motors Inc. ( HYZN , HYZNW ) previously, so investors should view this as an update to my earlier articles on the company. ...

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