OPAL Fuels (NASDAQ:OPAL) Shares Gap Up to $7.08

OPAL Fuels Inc. (NASDAQ:OPALGet 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.

View Our Latest Report on OPAL

OPAL Fuels Price Performance

The company has a market cap of $1.20 billion, a PE ratio of 9.71 and a beta of 0.69. The company has a 50-day moving average price of $7.33 and a two-hundred day moving average price of $7.18.

OPAL Fuels (NASDAQ:OPALGet 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

(Get Free Report)

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.

Further Reading

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.