FY2027 Earnings Forecast for OPAL Fuels Issued By Scotiabank

OPAL Fuels Inc. (NASDAQ:OPAL) – Research analysts at Scotiabank lowered their FY2027 EPS estimates for OPAL Fuels in a report released on Thursday, March 19th. Scotiabank analyst P. Cheng now expects that the company will earn $0.19 per share for the year, down from their prior forecast of $0.21. The consensus estimate for OPAL Fuels’ current full-year earnings is $0.80 per share.

Several other equities research analysts have also recently weighed in on OPAL. The Goldman Sachs Group boosted their price objective on OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research note on Tuesday, March 17th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $2.91.

OPAL Fuels Stock Down 11.2%

Shares of NASDAQ OPAL opened at $2.06 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.07 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 firm’s 50-day moving average price is $2.30 and its 200-day moving average price is $2.35. The stock has a market capitalization of $357.20 million, a price-to-earnings ratio of 13.73 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Monday, March 16th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30). OPAL Fuels had a return on equity of 77.65% and a net margin of 1.98%.The business had revenue of $99.76 million during the quarter, compared to analysts’ expectations of $98.75 million.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently added to or reduced their stakes in OPAL. Invesco Ltd. raised its position in OPAL Fuels by 77.2% in the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after purchasing an additional 2,268,741 shares during the period. Geode Capital Management LLC boosted 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 buying an additional 243,399 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of OPAL Fuels during the second quarter valued at approximately $585,000. Jane Street Group LLC bought a new position in shares of OPAL Fuels during the second quarter valued at approximately $107,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of OPAL Fuels by 15.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after buying an additional 41,056 shares during the period. 12.16% of the stock is currently owned by institutional investors.

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.