OPAL Fuels (NASDAQ:OPAL) Rating Increased to Hold at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $2.81.

OPAL Fuels Stock Down 6.3%

Shares of NASDAQ:OPAL opened at $2.09 on Friday. The business’s 50 day moving average is $2.37 and its 200 day moving average is $2.36. The stock has a market cap of $362.41 million, a P/E ratio of 104.55 and a beta of 1.07. OPAL Fuels has a 52-week low of $1.26 and a 52-week high of $4.08. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new stake in shares of OPAL Fuels during the 2nd quarter worth $27,000. Mariner LLC bought a new position in OPAL Fuels in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new stake in shares of OPAL Fuels during the fourth quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. Finally, Intech Investment Management LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. 12.16% of the stock is 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.