OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $7.08, but opened at $7.24. OPAL Fuels shares last traded at $7.14, with a volume of 3,108 shares.
Wall Street Analyst Weigh In
OPAL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on OPAL Fuels from $14.00 to $15.00 in a report on Tuesday, June 27th. Piper Sandler upped their target price on OPAL Fuels from $12.00 to $16.00 in a research note on Tuesday, August 1st. Finally, Janney Montgomery Scott assumed coverage on OPAL Fuels in a research note on Friday, May 26th. They issued a “buy” rating and a $13.00 target price for the company. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, OPAL Fuels currently has an average rating of “Buy” and a consensus price target of $14.00.
OPAL Fuels Price Performance
OPAL Fuels (NASDAQ:OPAL – Get Free Report) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). The business had revenue of $55.04 million during the quarter, compared to analysts’ expectations of $65.44 million. OPAL Fuels had a net margin of 10.96% and a negative return on equity of 0.66%. On average, equities research analysts anticipate that OPAL Fuels Inc. will post -0.05 earnings per share for the current year.
Institutional Trading of OPAL Fuels
Several institutional investors and hedge funds have recently bought and sold shares of OPAL. State Street Corp acquired a new stake in OPAL Fuels during the first quarter valued at approximately $72,000. Angelo Gordon & CO. L.P. acquired a new stake in shares of OPAL Fuels during the 4th quarter worth approximately $73,000. Millennium Management LLC acquired a new stake in shares of OPAL Fuels during the 4th quarter worth approximately $90,000. Morgan Stanley raised its position in shares of OPAL Fuels by 748.8% during the 4th quarter. Morgan Stanley now owns 13,802 shares of the company’s stock worth $100,000 after purchasing an additional 12,176 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of OPAL Fuels during the 4th quarter worth approximately $103,000. Institutional investors and hedge funds own 11.17% of the company’s stock.
About OPAL Fuels
OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.
- Five stocks we like better than OPAL Fuels
- Roth IRA Calculator: Calculate Your Potential Returns
- MarketBeat Week in Review – 9/4 – 9/8
- How to Invest in Cannabis, Step by Step
- The Best 5 Small Cap AI Companies to Buy Now
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Miso Robotics Stock: Is an IPO Coming Soon?
Receive News & Ratings for OPAL Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPAL Fuels and related companies with MarketBeat.com's FREE daily email newsletter.