Hyzon Motors (HYZN)


May 14, 2024

HYZN: Making More Commercial Progress

By Steven Fox

Hyzon Motors (HYZN; $0.54) reported Q1 results and offered up a range of conference call commentary that suggests it remains on a solid commercial path, including a more efficient use of cash. Specifically, Hyzon recognized…

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May 7, 2024

HYZN: Unveils Refuse Truck for North American Market

By Steven Fox

This morning, Hyzon Motors (HYZN; $0.58) unveiled its Class 8 heavy-duty hydrogen fuel cell refuse test vehicle for the North American market, which it co-developed with New Way Trucks, a large manufacturer of refuse equipment….

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April 23, 2024

HYZN: More Optionality Evidence

By Steven Fox

Last week, we attended Data Center World in Washington DC (“More Powerful Takeaways from Data Center World”; 4/22), which added to other recent news flow that continues to support the idea that hydrogen fuel cell…

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March 25, 2024

HYZN: Demonstrates Further Progress on Several Fronts

By Steven Fox

On Friday (3/22), Hyzon Motors (HYZN; $0.67) posted Q4 results and guidance, with a commercial roadmap update, that all seemed basically “status quo” with our prior thinking. Most importantly, Hyzon’s Q4 free cash flow (FCF)…

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March 14, 2024

HYZN: More Support for U.S. Hydrogen Infrastructure

By Steven Fox

Yesterday (3/13), the U.S. Department of Energy (DoE) announced it awarded $750mm in funding for 52 different clean hydrogen-based projects (across 24 U.S. states) that was available through the U.S. Infrastructure Investment and Jobs Act….

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March 12, 2024

HYZN: Crosses An Important Development Threshold

By Steven Fox

This morning, Hyzon Motors (HYZN; $0.67) announced at a ceremony in Australia that it successfully integrated its single-stack 200kW fuel cell system (FCS) and powertrain into a heavy-duty cabover commercial truck designed to tow semi-trailers,…

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February 6, 2024

HYZN: Announces New Customer Development Agreement

By Steven Fox

This morning, Hyzon Motors (HYZN; $0.71) announced it signed a joint development agreement (JDA) with New Way Trucks to develop a hydrogen fuel cell refuse vehicle for the North American market. We note New Way…

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January 26, 2024

HYZN: Announces Interesting Delivery Milestone

By Steven Fox

Yesterday (1/25), Hyzon Motors (HYZN; $0.75) announced it delivered four heavy-duty hydrogen fuel cell electric vehicles (FCEVs) to Performance Food Group (PFGC; $70.89; NR), which is a large U.S. based food distributor and supplier with…

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January 23, 2024

HYZN: Another Proof Point on Stationary Power Opportunity

By Steven Fox

Last Friday (1/19), Ballard Power Systems (BLDP; $3.34; NR) announced it successfully used “large format” hydrogen fuel cells to supply backup power to a data center through a partnership with Caterpillar (CAT; $288.35; NR) and…

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January 9, 2024

HYZN: Making Good on Its Plans

By Steven Fox

This morning, Hyzon Motors (HYZN; $0.73) provided a positive business update, disclosing it is hitting key milestones previously laid out by management, which we think further highlights how the company is making good progress along…

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November 14, 2023

HYZN: Making Measurable Progress

By Steven Fox

We think Hyzon Motors’ (HYZN; $1.08) Q3 print and forward-looking commentary demonstrates how management is making good progress along key commercial, technical and cash burn vectors. From a numbers perspective, Hyzon still sees free cash…

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October 30, 2023

HYZN: Better Defines Important Commercial Agreement

By Steven Fox

Last Thursday (10/26), Hyzon Motors (HYZN; $0.87) announced a revised commercial supply agreement with TR Group, which is a heavy-duty truck fleet operator in New Zealand. Specifically, Hyzon will now supply up to 20 fuel…

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October 24, 2023

HYZN: Appoints Permanent CFO

By Steven Fox

This morning, Hyzon Motors (HYZN; $0.88) announced the appointment of Stephen Weiland as CFO, effective November 1st. Recall, the company appointed Jiajia Wu as interim CFO back in April after Hyzon’s former CFO Samuel Chong…

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October 16, 2023

HYZN: U.S. Hydrogen Backdrop Takes a Major Step Forward

By Steven Fox

We think news last week that the U.S. Department of Energy (DoE) awarded a long awaited $7B in funding to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the U.S. is an important milestone for…

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October 3, 2023

HYZN: Broadens Out IP Protection

By Steven Fox

Hyzon Motors (HYZN; $1.20) announced last night in an SEC filing and subsequent press release this morning that it expanded its intellectual property (IP) agreement with affiliates of Horizon, an advanced hydrogen fuel cell company…

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