OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have received an average recommendation of “Reduce” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $2.8125.

OPAL has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Monday, January 5th.

OPAL Fuels Trading Up 0.9%

OPAL opened at $2.27 on Friday. The firm has a 50 day simple moving average of $2.43 and a 200 day simple moving average of $2.37. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The company has a market cap of $393.62 million, a price-to-earnings ratio of 113.56 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.

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at $585,000. Los Angeles Capital Management LLC bought a new stake in OPAL Fuels in the second quarter valued at $55,000. Levin Capital Strategies L.P. bought a new stake in OPAL Fuels in the second quarter valued at $97,000. Shay Capital LLC acquired a new position in shares of OPAL Fuels during the second quarter valued at about $34,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of OPAL Fuels during the 3rd quarter worth about $35,000. Institutional investors own 12.16% of the company’s stock.

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.