OPAL Fuels (NASDAQ:OPAL) Stock Rating Lowered by Wall Street Zen

OPAL Fuels (NASDAQ:OPAL) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

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

OPAL Fuels Trading 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. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08. The stock has a market capitalization of $466.45 million, a PE ratio of 134.57 and a beta of 1.07. The firm has a fifty day moving average price of $2.38 and a 200 day moving average price of $2.44.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. raised its holdings in shares of OPAL Fuels by 125.5% during the third quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock worth $6,463,000 after acquiring an additional 1,634,645 shares during the period. Vanguard Group Inc. raised its stake in shares of OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after purchasing an additional 11,488 shares during the period. Yaupon Capital Management LP raised its stake in shares of OPAL Fuels by 1.6% in the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock valued at $1,309,000 after purchasing an additional 11,454 shares during the period. Geode Capital Management LLC lifted its holdings in shares of OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after purchasing an additional 243,399 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new position in shares of OPAL Fuels during the first quarter worth about $683,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

About OPAL Fuels

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.