OPAL Fuels (NASDAQ:OPAL) Stock Price Up 4.7%

OPAL Fuels Inc. (NASDAQ:OPAL)’s stock price shot up 4.7% during mid-day trading on Monday . The company traded as high as $3.63 and last traded at $3.60. 73,380 shares were traded during trading, a decline of 13% from the average session volume of 84,519 shares. The stock had previously closed at $3.44.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OPAL. B. Riley restated a “buy” rating and issued a $10.00 price objective on shares of OPAL Fuels in a report on Friday, June 7th. UBS Group cut their price objective on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 9th. The Goldman Sachs Group cut their price objective on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research report on Friday, August 9th. Finally, Scotiabank downgraded OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.90.

OPAL Fuels Stock Up 1.4 %

The stock has a market cap of $638.18 million, a price-to-earnings ratio of 4.87 and a beta of 0.48. The stock has a fifty day moving average of $3.76 and a two-hundred day moving average of $4.35.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. OPAL Fuels had a negative return on equity of 2.14% and a net margin of 2.50%. The firm had revenue of $70.95 million for the quarter, compared to the consensus estimate of $80.68 million. On average, research analysts expect that OPAL Fuels Inc. will post 0.57 EPS for the current year.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently modified their holdings of the stock. Grizzlyrock Capital LLC acquired a new position in shares of OPAL Fuels in the 4th quarter worth approximately $4,611,000. Vanguard Group Inc. boosted its position in OPAL Fuels by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after acquiring an additional 86,531 shares during the period. SIR Capital Management L.P. raised its stake in shares of OPAL Fuels by 76.3% in the 2nd quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after buying an additional 167,940 shares in the last quarter. Levin Capital Strategies L.P. bought a new stake in shares of OPAL Fuels in the 1st quarter worth $136,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of OPAL Fuels during the second quarter worth $93,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.