OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Rating of “Reduce” by Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has received an average rating of “Reduce” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.8125.

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th.

Institutional Trading of OPAL Fuels

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zions Bancorporation National Association UT purchased a new position in shares of OPAL Fuels in the 4th quarter worth about $27,000. Engineers Gate Manager LP bought a new stake in OPAL Fuels in the second quarter worth about $27,000. Intech Investment Management LLC purchased a new position in OPAL Fuels in the second quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OPAL Fuels during the 2nd quarter valued at approximately $28,000. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in shares of OPAL Fuels during the 3rd quarter worth approximately $33,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

OPAL Fuels Price Performance

Shares of NASDAQ:OPAL opened at $2.27 on Friday. OPAL Fuels has a twelve month low of $1.26 and a twelve month high of $4.08. The stock’s 50 day moving average is $2.43 and its 200-day moving average is $2.37. 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 capitalization of $393.62 million, a price-to-earnings ratio of 113.56 and a beta of 1.07.

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.