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

OPAL Fuels (NASDAQ:OPAL) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

A number of other analysts have also issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday, December 22nd. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $2.81.

OPAL Fuels Trading Down 3.7%

NASDAQ:OPAL opened at $2.59 on Friday. The stock has a market cap of $449.11 million, a price-to-earnings ratio of 129.56 and a beta of 1.07. OPAL Fuels has a one year low of $1.26 and a one year high of $4.08. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. The business’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.43.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. The business had revenue of $83.36 million for the quarter, compared to analyst estimates of $98.03 million. As a group, sell-side analysts predict that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new stake in OPAL Fuels during the second quarter valued at $27,000. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of OPAL Fuels during the 3rd quarter valued at about $33,000. Finally, Shay Capital LLC acquired a new stake in OPAL Fuels during the second quarter worth about $34,000. Institutional investors and hedge funds 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.