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.
Source Fool.com
