Hyzon Motors Inc. - Class A Common Stock (HYZN)

In today's session, there are notable price gaps in the US markets on Friday. Take a closer look at the stocks that are gap up and gap down.

Hyzon Motors Inc. (NASDAQ: HYZN) shares are trading higher Tuesday after the company entered into a purchase agreement for 12 hydrogen-powered refuse Fuel Cell Electric Vehicles (FCEVs).

The near-term does not look promising for EV companies as demand sags and profitability eludes most.

While Tesla barely got past estimates, smaller peer Rivian's sales missed expectations, reflecting the ongoing struggles of the EV industry.

Tesla stock's resurgence and China stimulus that perked up startups from the country, added to the buoyancy imparted by the broader market strength.

The Fed rate cuts could bring some relief to the struggling EV industry, which is stymied by demand decline and severe cash crunch.