OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Rating of “Moderate Buy” from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.90.

A number of equities research analysts have issued reports on the stock. Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $8.00 to $5.00 in a report on Tuesday, September 3rd. UBS Group cut their target price on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, The Goldman Sachs Group decreased their price target on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research note on Friday, August 9th.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $3.73 on Friday. The business’s fifty day moving average is $3.59 and its 200 day moving average is $4.21. OPAL Fuels has a fifty-two week low of $3.04 and a fifty-two week high of $8.27. The company has a market capitalization of $643.36 million, a PE ratio of 4.97 and a beta of 0.49.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OPAL. Grizzlyrock Capital LLC bought a new stake in OPAL Fuels during the 4th quarter valued at $4,611,000. SIR Capital Management L.P. raised its holdings in shares of OPAL Fuels by 76.3% in the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after acquiring an additional 167,940 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of OPAL Fuels in the third quarter valued at about $430,000. Marshall Wace LLP purchased a new stake in OPAL Fuels in the second quarter worth about $389,000. Finally, Vanguard Group Inc. grew its holdings 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 in the last quarter. Hedge funds and other institutional investors 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.