HYZN - Hyzon Motors jumps after deliveries update boosts sentiment

Hyzon Motors (HYZN +15.3%) rallies after the company reported Q3 earnings, which included revenue of $962K and a cash balance of $498M at the end of the quarter. The key catalyst from the report was that Hyzon reaffirmed its forecast for 85 vehicles shipped before the end of the year. Hyzon (NASDAQ:HYZN) also and expects to have vehicles on the road in Asia, Australia, Europe and North America by the end of the year. Also on the positive side, HYZN execs also highlighted that newly filed patent applications to advance core technologies are expected to achieve significant future cost savings in assembling zero emission vehicles to further expand the company's competitive advantages Hyzon traded as high as $7.85 earlier in the session, but shares are still off 40% since going public.

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Hyzon Motors jumps after deliveries update boosts sentiment