OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Rating of “Reduce” from Brokerages

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have received an average rating of “Reduce” from the six analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $2.9125.

OPAL has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday, December 29th. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, The Goldman Sachs Group raised their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research note on Tuesday, March 17th.

OPAL Fuels Stock Performance

Shares of OPAL opened at $2.39 on Friday. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.18 and a quick ratio of 1.07. The firm’s 50 day moving average is $2.25 and its 200-day moving average is $2.36. OPAL Fuels has a 12-month low of $1.26 and a 12-month high of $4.08. The stock has a market capitalization of $414.43 million, a P/E ratio of 15.93 and a beta of 0.93.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Monday, March 16th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30). The company had revenue of $99.76 million during the quarter, compared to analyst estimates of $98.75 million. OPAL Fuels had a return on equity of 77.65% and a net margin of 1.98%. Equities research analysts anticipate that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its position in shares of OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock valued at $12,261,000 after purchasing an additional 2,268,741 shares during the period. Vanguard Group Inc. boosted its stake in OPAL Fuels by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after purchasing an additional 11,488 shares during the period. Yaupon Capital Management LP boosted its stake in OPAL Fuels by 3.4% during the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock valued at $1,807,000 after purchasing an additional 25,459 shares during the period. Geode Capital Management LLC increased its position in OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after buying an additional 243,399 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in OPAL Fuels by 15.0% in the 4th 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. Hedge funds and other institutional investors 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.