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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given a consensus rating of “Reduce” by the five ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $2.7167.

OPAL has been the subject of several research analyst reports. Weiss Ratings downgraded OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of OPAL Fuels from a “strong sell” rating to a “sell” rating in a report on Sunday. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group raised their price target on OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research note on Tuesday, March 17th.

Institutional Trading of OPAL Fuels

Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in OPAL Fuels during the first quarter valued at approximately $29,000. Bank of New York Mellon Corp boosted its stake in shares of OPAL Fuels by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock worth $105,000 after acquiring an additional 6,548 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of OPAL Fuels during the 1st quarter worth $554,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of OPAL Fuels during the 4th quarter valued at $742,000. Finally, Virtu Financial LLC increased its stake in shares of OPAL Fuels by 39.1% in the 4th quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock worth $73,000 after purchasing an additional 8,719 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Price Performance

OPAL Fuels stock opened at $2.16 on Monday. OPAL Fuels has a 12 month low of $1.65 and a 12 month high of $4.08. The stock has a fifty day simple moving average of $2.29 and a two-hundred day simple moving average of $2.32. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. The firm has a market cap of $374.54 million, a price-to-earnings ratio of 30.86 and a beta of 0.76.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. Equities analysts predict that OPAL Fuels will post -0.2 EPS for the current fiscal year.

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.