OPAL Fuels (NASDAQ:OPAL) Price Target Raised to $2.00

by · The Cerbat Gem

OPAL Fuels (NASDAQ:OPAL – Free Report) had its price objective increased by The Goldman Sachs Group from $1.75 to $2.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other research firms also recently weighed in on OPAL. UBS Group dropped their price objective on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating for the company in a research note on Monday, March 17th. Scotiabank dropped their price objective on OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating for the company in a research note on Friday, April 11th.

Check Out Our Latest Stock Analysis on OPAL Fuels

OPAL Fuels Trading Up 6.6%

Shares of OPAL stock opened at $2.25 on Monday. The company has a market cap of $388.87 million, a price-to-earnings ratio of 12.50 and a beta of 0.69. The stock has a 50 day simple moving average of $1.78 and a 200-day simple moving average of $2.78. OPAL Fuels has a 12-month low of $1.26 and a 12-month high of $5.16.

OPAL Fuels (NASDAQ:OPAL – Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.63). The business had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $85.08 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. On average, equities analysts forecast that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently bought and sold shares of OPAL. Squarepoint Ops LLC increased its position in OPAL Fuels by 20.2% during the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after buying an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. increased its position in OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after buying an additional 25,000 shares in the last quarter. Jane Street Group LLC purchased a new position in OPAL Fuels during the fourth quarter worth $238,000. Marshall Wace LLP purchased a new position in OPAL Fuels during the fourth quarter worth $389,000. Finally, Ardsley Advisory Partners LP increased its position in OPAL Fuels by 20.0% during the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock worth $508,000 after buying an additional 25,000 shares in the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

About OPAL Fuels

(Get Free Report)

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.

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