OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Rating of “Reduce” by Analysts

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

Several research firms have weighed in on OPAL. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th.

Institutional Trading of OPAL Fuels

A number of institutional investors and hedge funds have recently bought and sold shares of OPAL. Goldman Sachs Group Inc. lifted its stake in OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after purchasing an additional 28,374 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of OPAL Fuels during the second quarter valued at about $55,000. Geode Capital Management LLC grew its position in shares of OPAL Fuels by 91.5% during 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. Intech Investment Management LLC bought a new stake in shares of OPAL Fuels in the second quarter worth about $28,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of OPAL Fuels in the second quarter worth about $585,000. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Stock Performance

NASDAQ:OPAL opened at $2.12 on Wednesday. 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 12-month low of $1.26 and a 12-month high of $4.08. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.35. The stock has a market capitalization of $367.61 million, a P/E ratio of 106.05 and a beta of 1.08.

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.