OPAL Fuels (NASDAQ:OPAL) Lowered to Sell Rating by Wall Street Zen

OPAL Fuels (NASDAQ:OPAL) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

A number of other research firms also recently issued reports on OPAL. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 22nd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2.81.

OPAL Fuels Stock Performance

Shares of OPAL stock opened at $2.69 on Friday. The company’s fifty day simple moving average is $2.38 and its 200-day simple moving average is $2.44. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18. The firm has a market cap of $466.45 million, a PE ratio of 134.57 and a beta of 1.07. OPAL Fuels has a 12 month low of $1.26 and a 12 month high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. The business had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. Equities research analysts expect that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of OPAL Fuels by 125.5% during the third quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock worth $6,463,000 after acquiring an additional 1,634,645 shares during the period. Vanguard Group Inc. lifted its holdings in OPAL Fuels by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after purchasing an additional 11,488 shares during the last quarter. Yaupon Capital Management LP boosted its stake in OPAL Fuels by 1.6% in the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock valued at $1,309,000 after purchasing an additional 11,454 shares during the period. Geode Capital Management LLC grew its holdings in OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after buying an additional 243,399 shares in the last quarter. Finally, SCS Capital Management LLC acquired a new stake in OPAL Fuels in the 1st quarter worth about $683,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.