OPAL Fuels (NASDAQ:OPAL) Stock Price Up 3.6% – Still a Buy?

by · The Cerbat Gem

OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) rose 3.6% on Monday . The stock traded as high as $3.43 and last traded at $3.43. Approximately 84,585 shares were traded during trading, a decline of 4% from the average daily volume of 87,685 shares. The stock had previously closed at $3.31.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $8.00 to $5.00 in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat, OPAL Fuels presently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

Read Our Latest Research Report on OPAL

OPAL Fuels Price Performance

The company has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $3.74. The company has a market capitalization of $585.89 million, a P/E ratio of 18.83 and a beta of 0.51.

Institutional Investors Weigh In On OPAL Fuels

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of OPAL Fuels by 19.1% in the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after purchasing an additional 41,250 shares during the last quarter. Yaupon Capital Management LP lifted its holdings in OPAL Fuels by 17.0% during the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after buying an additional 101,955 shares during the period. Janus Henderson Group PLC grew its position in shares of OPAL Fuels by 83.5% in the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after buying an additional 9,885 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of OPAL Fuels by 69.3% in the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after buying an additional 39,325 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of OPAL Fuels during the third quarter worth about $430,000. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Company Profile

(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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