OPAL Fuels (NASDAQ:OPAL) Rating Increased to Sell at Wall Street Zen

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

Several other research analysts have also issued reports on OPAL. The Goldman Sachs Group increased their price target on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Weiss Ratings downgraded OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $2.72.

OPAL Fuels Stock Performance

Shares of OPAL Fuels stock opened at $2.11 on Friday. OPAL Fuels has a 52-week low of $1.65 and a 52-week high of $2.87. The firm has a market capitalization of $365.87 million, a PE ratio of 30.15 and a beta of 0.77. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. The company’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $2.26.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million.

Insider Buying and Selling

In other news, Director Scott Mcdougald Sutton acquired 50,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $1.95 per share, with a total value of $97,500.00. Following the completion of the purchase, the director owned 50,000 shares of the company’s stock, valued at $97,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 72,292 shares of company stock valued at $142,845 in the last quarter. 85.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of OPAL. Zions Bancorporation National Association UT acquired a new position in shares of OPAL Fuels in the 4th quarter worth approximately $27,000. Mariner LLC acquired a new stake in OPAL Fuels during the 4th quarter valued at $27,000. Engineers Gate Manager LP acquired a new stake in OPAL Fuels during the 2nd quarter valued at $27,000. Intech Investment Management LLC bought a new position in OPAL Fuels in the 2nd quarter valued at $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OPAL Fuels in the 2nd quarter valued at $28,000. Institutional investors own 12.16% of the company’s stock.

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.