HYZN - Why Hyzon Motors Stock Is Higher Today
Shares of electric-truck start-up Hyzon Motors (NASDAQ: HYZN) were trading higher on Monday. The company is scheduled to report its second-quarter results on Wednesday, Aug. 9, in what will be the first quarterly earnings report since it completed its merger with a special-purpose acquisition company ( SPAC ).
As of noon EDT, Hyzon's shares were up about 9.9% from Friday's closing price.
Hyzon is one of a slew of electric-vehicle start-ups to go public via SPAC deals since early 2020. The company, based in Rochester, New York, is a spinoff of Singapore-based Horizon Fuel Cell Technologies , which has been developing hydrogen fuel cells for commercial applications for over 15 years. Hyzon's investors include Total SE, the French oil and energy giant.
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Why Hyzon Motors Stock Is Higher Today