OPAL Fuels Inc. (NASDAQ:OPAL) Given Average Recommendation of “Reduce” by Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been assigned a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $2.8125.

A number of analysts have issued reports on OPAL shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Monday, January 5th.

Institutional Trading of OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of OPAL. Engineers Gate Manager LP bought a new position in shares of OPAL Fuels during the 2nd quarter worth about $27,000. Intech Investment Management LLC acquired a new stake in OPAL Fuels during the second quarter worth about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OPAL Fuels during the second quarter valued at about $28,000. AssuredPartners Investment Advisors LLC acquired a new position in OPAL Fuels in the 3rd quarter valued at approximately $33,000. Finally, Shay Capital LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter worth approximately $34,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Stock Performance

Shares of OPAL opened at $2.65 on Tuesday. The company has a market capitalization of $459.51 million, a PE ratio of 132.57 and a beta of 1.07. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. OPAL Fuels has a one year low of $1.26 and a one year high of $4.08. The company’s fifty day moving average price is $2.40 and its 200 day moving average price is $2.39.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. As a group, analysts expect that OPAL Fuels will post 0.8 earnings per share for the current year.

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.