OPAL Fuels (NASDAQ:OPAL) Upgraded by Wall Street Zen to Hold Rating

OPAL Fuels (NASDAQ:OPAL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, OPAL Fuels currently has an average rating of “Reduce” and a consensus target price of $2.81.

OPAL Fuels Stock Performance

Shares of OPAL stock opened at $2.09 on Friday. OPAL Fuels has a 12-month low of $1.26 and a 12-month high of $4.08. The business’s fifty day simple moving average is $2.37 and its 200-day simple moving average is $2.36. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. The company has a market cap of $362.41 million, a PE ratio of 104.55 and a beta of 1.07.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after acquiring an additional 28,374 shares during the last quarter. Levin Capital Strategies L.P. purchased a new stake in OPAL Fuels during the 2nd quarter valued at about $97,000. Los Angeles Capital Management LLC acquired a new position in shares of OPAL Fuels in the second quarter valued at about $55,000. Geode Capital Management LLC raised its stake in shares of OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after purchasing an additional 243,399 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in shares of OPAL Fuels in the second quarter worth about $28,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

About OPAL Fuels

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.