Hyzon Motors

Hyzon Motors, Inc. is a hydrogen mobility company. The firm is founded for the purpose of designing, developing and manufacturing both standalone and integrated hydrogen fuel cells and systems as well as purpose-designed hydrogen-powered commercial vehicles. The company is headquartered in Honeoye Falls, NY.

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Hyzon Motors reports revenue growth and competitive positioning challenges

Hyzon Motors showed strong performance with revenue growth and improved cash burn, focusing on commercialization and technology advancements.
The company faces challenges in revenue recognition delays, pricing competition, and market positioning against battery trucks.
Opportunities lie in securing new contracts, outcompeting battery trucks, and building trust through durability testing and reliability.

Hyzon Motors advances fuel cell technology, eyes commercialization in 2024

Hyzon Motors is making strides in technology and commercial progress, with a focus on fuel cell technology for trucks. While facing challenges in securing capital and operational transitions, the company sees opportunities in executing trials with large fleets and achieving commercialization goals in 2024.

Hyzon Motors excels in Q3 production and trials, faces cost challenges

Hyzon Motors demonstrated strong performance in production, trials, and customer engagement, with a focus on financial sustainability and operational efficiency.
While facing challenges such as an impairment charge and fuel-related discussions, the company remains well-positioned to capitalize on opportunities for growth and expansion.
Overall, Hyzon Motors' Q3 2024 Earnings Call highlighted a mix of achievements, challenges, and opportunities that underscore its progress and potential in the fuel cell electric vehicle market.

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Hyzon Motors, Inc. operates as a hydrogen mobility company. It engages in designing, developing, and manufacturing both standalone and integrated hydrogen fuel cells and systems as well as purpose-designed hydrogen-powered commercial vehicles. The company was founded in 2020 and is headquartered in Bolingbrook, IL.

Company to Continue Pursuit of New Capital and Adoption of Market-Leading Fuel Cell Technology in North America  BOLINGBROOK, Ill. , July 8, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced that after considering its options as well as completing its assessment of the challenging market conditions across Europe and Australia, the Company will halt its operations in the Netherlands and Australia.

HYZON TO FOCUS ON CORE NORTH AMERICAN MARKETS AND REFUSE INDUSTRY AND STRATEGICALLY HALT NETHERLANDS AND AUSTRALIAN OPERATIONS

Hyzon (HYZN) shifts focus to core markets in North America and the refuse industry.

Hyzon (HYZN) Shifts Focus to North America & Refuse Industry

Company reviewing international markets for consolidation while advancing strategic alternatives assessment BOLINGBROOK, Ill. , June 24, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced that after a comprehensive review of Hyzon's business operations, Hyzon has started realigning its strategic priorities along several lines to focus on the Company's core North American markets and the refuse industry.

HYZON REALIGNING COMPANY STRATEGY TO FOCUS ON CORE NORTH AMERICAN MARKETS AND REFUSE INDUSTRY

Hyzon Motors (HYZN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging -12.92% in 4 Weeks, Here's Why the Trend Might Reverse for Hyzon Motors (HYZN)

Hyzon Motors Inc. (NASDAQ:HYZN ) Q1 2024 Earnings Conference Call May 13, 2024 4:30 PM ET Company Participants Tom Cook - Managing Director, ICR Parker Meeks - CEO Stephen Weiland - CFO Conference Call Participants Craig Irwin - ROTH MKM Steven Fox - Fox Advisors Rob Wertheimer - Melius Research Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.

Hyzon Motors Inc. (HYZN) Q1 2024 Earnings Call Transcript

Hyzon Motors Inc. (HYZN) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.14 per share a year ago.

Hyzon Motors Inc. (HYZN) Reports Q1 Loss, Tops Revenue Estimates

BOLINGBROOK, Ill. , May 13, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced its first quarter 2024 financial and operating results: Recent Highlights First quarter 2024 Revenue of $10.0 million as compared to no revenue in the prior-year period, demonstrating material progress in customer acceptance and completion of commercial cycle Announced Joint Development Agreement with New Way Trucks, North America's largest private refuse manufacturer, and unveiled first hydrogen-powered refuse truck for U.S. market at WasteExpo in May; trials with major refuse collection fleets expected to begin summer 2024 Completed five 200kW C-sample Fuel Cell Systems (FCS) in Q1 and five additional 200kW FCSs in April, remaining on track for Start of Production (SOP) of 200kW FCS in second half of 2024 Successfully completed four-month refuse truck trial with REMONDIS Australia, converting to full vehicle sale Launched 200kW fuel cell system integrated in Australian heavy-duty cabover truck, with first SOP of Class 8 200kW Fuel Cell Electric Vehicle (FCEV) expected in second half of 2024 R&D, SG&A, and net cash burn, excluding the first SEC settlement payment and the proceeds from the sale of the Rochester facility, all came in at or below the low-end of Company guidance ranges for the first quarter of 2024 "I am pleased with our start to 2024, during which we have built upon the commercial and technology inflection points we achieved in 2023," said Hyzon Chief Executive Officer Parker Meeks.

HYZON ANNOUNCES FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS

T he Class 8 fuel cell-powered electric refuse collection vehicle heads next to Recology in California to showcase its zero-emissions and operational capabilities LAS VEGAS , May 7, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains and New Way Trucks, a privately held industry-leading refuse truck body manufacturer, are showcasing North America's first hydrogen fuel cell-powered electric refuse truck at Waste Expo, May 7-9 at the Las Vegas Convention Center. This debut to the U.S. market follows February's announcement of the Joint Development Agreement (JDA) between New Way and Hyzon, combining both companies' expertise and industry leadership to develop a premier zero-emission refuse collection solution.

Hyzon and New Way Unveil North America's First Hydrogen Fuel Cell Refuse Truck at Waste Expo

LAS VEGAS--(BUSINESS WIRE)-- #Hyzon--New Way Trucks, a privately held industry-leading refuse truck body manufacturer, and Hyzon (NASDAQ: HYZN), a U.S.-based leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains are showcasing North America's first hydrogen fuel cell-powered electric refuse truck at Waste Expo, May 7-9 at the Las Vegas Convention Center. This debut to the US market follows February's announcement of the Joint Development Agreement (JDA) between.

New Way and Hyzon Unveil North America's First Hydrogen Fuel Cell Refuse Truck at Waste Expo

BOLINGBROOK, Ill. , May 6, 2024 /PRNewswire/ -- Today, Parker Meeks, Chief Executive Officer of Hyzon (NASDAQ: HYZN), a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains, issued the following statement in support of final regulations the U.S. Department of the Treasury recently released regarding federal tax credits for purchasing clean vehicles, including the up to $40,000 federal tax credit for purchasing qualified commercial clean vehicles.

Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Qualified Commercial Clean Vehicles

BOLINGBROOK, Ill. , April 29, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced that Management will host a conference call to discuss its first quarter 2024 earnings results at 4:30 p.m.

HYZON ANNOUNCES DATE FOR FIRST QUARTER 2024 FINANCIAL RESULTS AND CONFERENCE CALL

Hyzon Motors Inc. (HYZN) Q4 2023 Earnings Call Transcript

Announces first commercial delivery of fuel cell electric truck in the U.S. BOLINGBROOK, Ill. , March 22, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based manufacturer and global supplier of high-performance hydrogen fuel cell systems focused on providing zero-emission power to decarbonize the most demanding industries, today announced its fourth quarter 2023 financial and operational results: Recent Highlights Advanced single stack 200kW fuel cell technology from B-sample to C-sample development phase Completed first deliveries in the United States, including four fuel cell electric vehicles (FCEVs) to Performance Food Group (PFG) at its Vistar facility in Fontana, California Commenced trial deployment of a fuel cell electric waste collection truck with REMONDIS Australia, a global recycling, service, and water company Deployed 19 FCEVs in 2023 at the high-end of 15-20 FCEV guidance range, including PFG deliveries and REMONDIS commercial trial vehicle Accelerated refuse program in North America through a recently announced Joint Development Agreement with New Way Trucks, the largest private refuse equipment manufacturer in North America Unrestricted cash, cash equivalents, and short term investments of $112.3 million as of December 31, 2023, from $137.8 million as of September 30, 2023 "2023 was an inflection point for Hyzon from a commercial and operational standpoint.

HYZON ANNOUNCES FOURTH QUARTER 2023 FINANCIAL AND OPERATING RESULTS

BOLINGBROOK, Ill. , March 18, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the company), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that Management will host a conference call to discuss its fourth quarter and full year 2023 earnings results at 8:30 am ET on Friday, March 22, 2024.

HYZON ANNOUNCES DATE FOR FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS AND CONFERENCE CALL

Australian Team Brings Zero-Emissions Alternatives to Region's Long-Haul Operators U.S. Developed Fuel Cell Technology Offers Smaller, Lighter, More Fuel-Efficient Option for Global Applications BOLINGBROOK, Ill. , March 11, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN), a U.S. based leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today launched its single stack 200kW fuel cell system and powertrain in a vehicle at a ceremony attended by government officials, heavy-duty fleet operators and company employees and executives.

HYZON LAUNCHES GLOBAL 200kW FUEL CELL SYSTEM IN PRIME MOVER

Seasoned Professional Brings Decades of Experience Leading Fortune 50 Strategic Corporate Communications to Hyzon BOLINGBROOK, Ill. , Feb. 8, 2024 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced Stephanie Mudgett in the capacity of Head of Global Communications and Branding, effective immediately.

HYZON ANNOUNCES STEPHANIE MUDGETT AS HEAD OF GLOBAL COMMUNICATIONS AND BRANDING

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Joint Development Agreement to Bring Fuel Cell Electric Trucks to the North American Refuse Market; Scheduling in Progress for Trials in First Half of 2024 BOLINGBROOK, Ill. , Feb. 6, 2024 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), and privately held New Way Trucks (New Way), today announced a Joint Development Agreement (JDA) to develop a fuel cell powered refuse vehicle for the North American market.

HYZON AND NEW WAY TRUCKS TO DEVELOP HYDROGEN FUEL CELL REFUSE TRUCK

Performance Food Group

Four Hydrogen Trucks to Hit the Road in Southern California as Part of Performance Food Group's Decarbonization Efforts FONTANA, Calif. , Jan. 25, 2024 /PRNewswire/ -- Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that it delivered four FCEVs to leading food distributor and supplier Performance Food Group (PFG) (NYSE: PFGC), in a joint ceremony.

HYZON DELIVERS FIRST FOUR FUEL CELL ELECTRIC VEHICLES TO PERFORMANCE FOOD GROUP

FONTANA, Calif.--(BUSINESS WIRE)--Hyzon Motors Inc. (Hyzon) (NASDAQ: HYZN), a leading hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that it delivered four FCEVs to leading food distributor and supplier Performance Food Group (PFG) (NYSE: PFGC), in a joint ceremony. The event, held at PFG's Vistar facility in Fontana, was attended by local government leaders, company leaders, and PFG associates, and sh.

Hyzon Delivers First Four Fuel Cell Electric Vehicles to Performance Food Group

ROCHESTER, N.Y. , Jan. 16, 2024 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a high-power hydrogen fuel cell technology manufacturer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced that Chief Executive Officer Parker Meeks and Chief Financial Officer Stephen Weiland will present at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024 at 4:30 p.m.

HYZON TO PRESENT AT THE 26TH ANNUAL NEEDHAM GROWTH CONFERENCE

Deployed 19 Hydrogen Fuel Cell Trucks Across Three Continents in 2023, Meeting Guidance of 15-20 Trucks Produced 25 200kW Fuel Cell B-Samples, Advancing Development to C-Sample Stage Leading Heavy-Duty Single Stack 200kW Fuel Cell Technology On Track to Begin Production in 2H 2024 ROCHESTER, N.Y. , Jan. 9, 2024 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a high-power hydrogen fuel cell technology manufacturer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced business updates reflecting achievement of critical 2023 commercial and operational milestones.

HYZON ACHIEVES 2023 VEHICLE DEPLOYMENT AND FUEL CELL DEVELOPMENT MILESTONES

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Former cellcentric/Daimler Executive Brings Extensive C-Suite Leadership Experience in Fuel Cell Technology Development and Commercialization Appointment Comes in Run-Up to Hyzon's U.S.-Manufactured 200kW Fuel Cell System Start of Production ROCHESTER, N.Y. , Dec. 5, 2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) (Hyzon or the company), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced the appointment of Dr. Christian Mohrdieck as Chief Technology Officer (CTO) and the retirement of current CTO Shinichi Hirano.

HYZON ANNOUNCES DR. CHRISTIAN MOHRDIECK AS CHIEF TECHNOLOGY OFFICER

Earlier this month, Hyzon Motors reported another zero-revenue quarter with sizeable cash burn eating further into the company's rapidly deteriorating liquidity. While cash usage has decreased in recent quarters, the company will be required to raise a sizeable amount of additional capital by the second half of next year. The issue required Hyzon to include a going concern warning into the company's quarterly report on form 10-Q.

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