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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given a consensus recommendation of “Reduce” by the five analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.7167.

OPAL has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of OPAL Fuels from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th.

OPAL Fuels Trading Up 1.2%

Shares of OPAL stock opened at $2.53 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. The stock has a market cap of $438.70 million, a P/E ratio of 36.15 and a beta of 0.77. The stock has a 50 day simple moving average of $2.09 and a 200 day simple moving average of $2.25. OPAL Fuels has a 1 year low of $1.65 and a 1 year high of $2.87.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The company had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.

Insider Transactions at OPAL Fuels

In other news, Director Scott Mcdougald Sutton acquired 50,000 shares of the stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at approximately $97,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 72,292 shares of company stock valued at $142,845 over the last quarter. Company insiders own 85.69% of the company’s stock.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently modified their holdings of the business. Invesco Ltd. grew its holdings in OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after acquiring an additional 2,268,741 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of OPAL Fuels during the fourth quarter valued at $742,000. Geode Capital Management LLC lifted its holdings 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 worth $1,233,000 after purchasing an additional 243,399 shares during the period. Inspire Investing LLC acquired a new position in shares of OPAL Fuels during the first quarter worth $554,000. Finally, Jane Street Group LLC bought a new stake in shares of OPAL Fuels in the second quarter worth $107,000. Institutional investors and hedge funds 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.