Wall Street Zen Downgrades OPAL Fuels (NASDAQ:OPAL) to Sell

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels has a consensus rating of “Reduce” and a consensus price target of $2.81.

OPAL Fuels Price Performance

OPAL stock opened at $2.27 on Friday. OPAL Fuels has a 52-week low of $1.26 and a 52-week high of $4.08. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18. The stock has a market cap of $393.62 million, a price-to-earnings ratio of 113.56 and a beta of 1.07. The business has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. acquired a new stake in OPAL Fuels during the 2nd quarter worth $585,000. Los Angeles Capital Management LLC acquired a new position in OPAL Fuels in the second quarter valued at $55,000. Levin Capital Strategies L.P. purchased a new position in shares of OPAL Fuels during the second quarter worth about $97,000. Jump Financial LLC acquired a new stake in shares of OPAL Fuels during the second quarter worth about $70,000. Finally, Walleye Capital LLC purchased a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $64,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

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.