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HYZN - Why Hyzon Motors Stock Got Crushed in Early Trading
Hyzon Motors Inc.
Shares of electric heavy-truck maker Hyzon Motors (NASDAQ: HYZN) opened sharply lower on Wednesday after the company disclosed that it is a target of a Securities and Exchange Commission (SEC) investigation and said that its 2021 revenue and margins would fall short of its prior guidance.
Hyzon's shares fell over 10% in early trading today, but had recovered somewhat by 10:15 a.m. ET, when they were down about 5.6% from Tuesday's closing price.