OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Rating of “Reduce” from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has earned a consensus recommendation of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $2.9125.

Several research firms have commented on OPAL. The Goldman Sachs Group upped their price target on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a report on Tuesday, March 17th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday, December 29th.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock opened at $2.39 on Friday. The firm has a fifty day moving average price of $2.25 and a two-hundred day moving average price of $2.36. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.18 and a quick ratio of 1.07. The company has a market cap of $414.43 million, a PE ratio of 15.93 and a beta of 0.93.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30). OPAL Fuels had a net margin of 1.98% and a return on equity of 77.65%. The company had revenue of $99.76 million for the quarter, compared to analyst estimates of $98.75 million. Analysts expect that OPAL Fuels will post 0.8 EPS for the current year.

Hedge Funds Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new stake in shares of OPAL Fuels during the second quarter worth $27,000. Mariner LLC bought a new position in shares of OPAL Fuels in the fourth quarter valued at about $27,000. Zions Bancorporation National Association UT acquired a new position in OPAL Fuels during the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels during the 2nd quarter worth about $28,000. Finally, Intech Investment Management LLC bought a new stake in OPAL Fuels during the 2nd quarter worth about $28,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.