
Hyzon Motors (HYZN) Stock Forecast & Price Target
Hyzon Motors (HYZN) Analyst Ratings
Bulls say
Hyzon Motors Inc has demonstrated significant operational progress in 2023, delivering 19 trucks that equate to over $15 million in anticipated long-term revenue. The company is poised for growth, forecasting deliveries of 25, 50, and 100 fuel cell trucks for the years 2024 through 2026, which is a marked increase from the previous year. Furthermore, the introduction of the new 200 kW stack design in the second half of 2024 is expected to enhance performance and fuel economy, while also contributing to a reduction in estimated frictional costs from $183 million in 2023 to $150 million in 2024 and $140 million in subsequent years.
Bears say
Hyzon Motors Inc. is facing a negative outlook primarily due to its operating cash burn, which remains significant at $10 million per month, with a projected cash use of $110 million to $120 million for 2024, potentially straining financial resources. The company's ability to gain customer acceptance for delivered vehicles poses another major risk, particularly as delays could hinder sales and impact revenue projections. Moreover, as an emerging supplier, Hyzon is vulnerable to supply chain disruptions that may prevent it from procuring essential components, further jeopardizing its production capabilities and market competitiveness.
This aggregate rating is based on analysts' research of Hyzon Motors and is not a guaranteed prediction by Public.com or investment advice.
Hyzon Motors (HYZN) Analyst Forecast & Price Prediction
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