Hyzon Is Fighting For Its Hydrogen Fuel-Cell Future (NASDAQ:HYZN)

No-Mad/iStock via Getty Images Things were not meant to turn out this way for Hyzon (NASDAQ:HYZN). The Rochester, New York-based fuel-cell truck manufacturer laid out ambitious plans to ride the decarbonization of transport when it went public in the summer of 2021, but common shares have since collapsed on the back of public market investors who dialed the risk-off trade all the way up to dump shares en masse. This has seen the company fall from its go-public pro forma valuation of $2.7 billion to $453 million. Such a material change of fortune mirrors many of its climate economy peers, who also went public via the SPAC phenomenon. These golden days saw cheap stimulus money and low-interest rates drive asset values to stratospheric highs. It is all but dead as inflation spiked, and the Fed hiked rates in response. Many shareholders have been asking what this means for the company’s…

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