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StockNews.com
StockNews.com
Business
Pragya Pandey

Is Hyzon Motors a Buy at $5?

Hyzon Motors Inc. (HYZN) in Honeoye Falls, N.Y., made its market debut on July 19 through a reverse merger with Decarbonization Plus Acquisition Corporation. The company is an energy transition accelerator and technology pioneer, offering end-to-end solutions primarily for the commercial mobility sector. It focuses on the commercial vehicle market and hydrogen supply infrastructure. Its shares have gained 14.8% in price over the past month.

However, the stock has declined 30% over the past six months and 42.4% over the past nine months to close yesterday's trading session at $5.73.

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