OPAL Fuels (NASDAQ:OPAL) Stock Rating Lowered by Wall Street Zen

OPAL Fuels (NASDAQ:OPAL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Four equities 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.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.81.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $2.27 on Friday. 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 capitalization of $393.62 million, a price-to-earnings ratio of 113.56 and a beta of 1.07. The stock has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.37. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OPAL. Goldman Sachs Group Inc. boosted its position in shares of OPAL Fuels by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after acquiring an additional 28,374 shares during the last quarter. Levin Capital Strategies L.P. purchased a new position in OPAL Fuels during the second quarter worth approximately $97,000. Los Angeles Capital Management LLC acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at $55,000. Geode Capital Management LLC boosted its holdings in shares of OPAL Fuels by 91.5% in the 2nd 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 during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of OPAL Fuels during the 2nd quarter valued at $28,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.