OPAL Fuels (NASDAQ:OPAL) Lowered to “Sell” Rating by Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of OPAL Fuels (NASDAQ:OPAL – Free Report) from a hold rating to a sell rating in a report released on Sunday morning.

Several other equities research analysts have also issued reports on OPAL. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 22nd. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $2.81.

Get Our Latest Report on OPAL Fuels

OPAL Fuels Stock Up 1.1%

Shares of NASDAQ:OPAL opened at $2.69 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. The firm has a market cap of $466.45 million, a price-to-earnings ratio of 134.57 and a beta of 1.07. The stock’s 50-day moving average price is $2.38 and its two-hundred day moving average price is $2.43. OPAL Fuels has a 12-month low of $1.26 and a 12-month high of $4.08.

OPAL Fuels (NASDAQ:OPAL – Get Free Report) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. The company had revenue of $83.36 million for the quarter, compared to analyst estimates of $98.03 million. On average, research analysts forecast that OPAL Fuels will post 0.8 EPS for the current year.

Institutional Investors Weigh In On OPAL Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of OPAL Fuels by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock valued at $374,000 after buying an additional 28,374 shares during the last quarter. Yaupon Capital Management LP raised its holdings in shares of OPAL Fuels by 1.6% during the first quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock worth $1,309,000 after purchasing an additional 11,454 shares during the period. SCS Capital Management LLC bought a new position in shares of OPAL Fuels in the 1st quarter worth about $683,000. Inspire Investing LLC boosted its holdings in shares of OPAL Fuels by 64.2% in the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after buying an additional 76,267 shares during the period. Finally, Levin Capital Strategies L.P. acquired a new position in OPAL Fuels in the second quarter valued at approximately $97,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

OPAL Fuels Company Profile

(Get Free Report)

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.

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