OPAL Fuels (NASDAQ:OPAL) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL – Free Report) from a sell rating to a hold rating in a research report released on Monday morning.

Several other equities research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Four investment 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 presently has an average rating of “Reduce” and a consensus target price of $2.81.

Get Our Latest Stock Analysis on OPAL Fuels

OPAL Fuels Stock Down 0.2%

Shares of NASDAQ OPAL opened at $2.18 on Monday. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08. The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.39. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. The firm has a market cap of $377.15 million, a P/E ratio of 108.80 and a beta of 1.07.

OPAL Fuels (NASDAQ:OPAL – Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The firm had revenue of $83.36 million during the quarter, compared to analyst estimates of $98.03 million. As a group, sell-side analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently made changes to their positions in the business. SCS Capital Management LLC purchased a new position in shares of OPAL Fuels in the 1st quarter valued at $683,000. Rockefeller Capital Management L.P. acquired a new stake in OPAL Fuels in the 2nd quarter valued at $585,000. Inspire Investing LLC increased its holdings in OPAL Fuels by 64.2% in the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after purchasing an additional 76,267 shares in the last quarter. Levin Capital Strategies L.P. purchased a new position in OPAL Fuels in the second quarter valued at about $97,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of OPAL Fuels during the second quarter worth about $55,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Company Profile

(Get Free Report)

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.

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