HYZN - Why Is Hyzon Motors Stock Down After Earnings?
Shares of electric heavy-vehicle start-up Hyzon Motors (NASDAQ: HYZN) were trading lower on Wednesday, after the company reported a not-surprising loss for the second quarter and said it has begun deliveries of its vehicles in Europe.
As of 11:30 a.m. EDT, Hyzon's shares were down about 13.5% from Tuesday's closing price.
In an earnings announcement released before the U.S. markets opened on Wednesday, Hyzon said that it had a net loss of $9.4 million in the second quarter, or $0.10 per share — and that it expects to begin booking revenue in the current quarter .
For further details see:
Why Is Hyzon Motors Stock Down After Earnings?