Why Hyzon Motors Stock Is Down Again Today
Shares of electric heavy truck maker Hyzon Motors (NASDAQ: HYZN) were trading sharply lower for a second day on Wednesday, after a Wall Street analyst downgraded the stock following yesterday's news of an SEC investigation.
As of 12:15 p.m. ET, Hyzon's shares were down about 8.7% from Wednesday's closing price.
Hyzon's shares closed down almost 11% on Wednesday, after the company revealed that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) for documents and information related to allegations by a short-seller. (It also warned that its 2021 financial results will fall short of its guidance.)
Source Fool.com
