OPAL Fuels (NASDAQ:OPAL) Raised to Hold at Wall Street Zen

OPAL Fuels (NASDAQ:OPAL) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

OPAL has been the topic of several other reports. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $2.81.

OPAL Fuels Trading Down 1.9%

Shares of OPAL opened at $2.06 on Friday. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. OPAL Fuels has a 52-week low of $1.26 and a 52-week high of $4.08. The firm has a market cap of $357.20 million, a price-to-earnings ratio of 103.05 and a beta of 1.07. The business’s fifty day moving average is $2.39 and its 200-day moving average is $2.47.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The business had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. Equities analysts anticipate that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in OPAL Fuels during the 2nd quarter worth approximately $27,000. Intech Investment Management LLC bought a new stake in shares of OPAL Fuels in the second quarter worth $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OPAL Fuels in the second quarter worth $28,000. AssuredPartners Investment Advisors LLC acquired a new stake in OPAL Fuels in the third quarter valued at $33,000. Finally, Shay Capital LLC bought a new position in OPAL Fuels during the 2nd quarter worth $34,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

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.