Why Hyzon Motors Rumbled 7% Higher on Friday

Hyzon Motors (NASDAQ: HYZN), a maker of next-generation heavy vehicles, saw a nice share price lift of over 7% on Friday. This was due to a new and rather bullish research report on the company.

Friday morning, Wedbush Securities initiated coverage on Hyzon. Analyst Daniel Ives feels that the industrial stock has significant upside potential, and he's recommending it as an outperform (buy) with a price target of $10 per share. That level is a rich 43% above the closing price of the shares on Thursday.

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Source Fool.com