Colliers Downgrades Hyzon Motors Citing SEC Probe


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  • Colliers analyst Donovan Schafer downgraded Hyzon Motors Inc (NASDAQ:HYZN) to Neutral from Buy and removed the price target of $15.
  • The analyst updated the ratings after the company disclosed that it received a subpoena from the SEC requesting documentation about the Blue Orca Capital short report published in September 2021.
  • Related ContentHyzon Shares Sink Amid Disclosure Of SEC Investigation, Revenue Warning
  • While the SEC's decision to request documents "might sound ominous," Schafer thinks that "might be a hasty conclusion."
  • However, he is still moving to the sidelines in light of the uncertainty around how the investigation might unfold.
  • Price Action: HYZN shares are trading lower by 9.31% at $5.51 on the last check Thursday.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsDowngradesSmall CapAnalyst RatingsMoversTrading IdeasBriefs