OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Rating of “Reduce” from Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has earned an average recommendation of “Reduce” from the six brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $2.8125.

A number of research firms recently weighed in on OPAL. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Wall Street Zen lowered OPAL Fuels from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th.

Institutional Investors Weigh In On OPAL Fuels

A number of institutional investors have recently modified their holdings of OPAL. Goldman Sachs Group Inc. raised its stake in OPAL Fuels by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after buying an additional 28,374 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of OPAL Fuels in the 2nd quarter worth about $97,000. Los Angeles Capital Management LLC acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at about $55,000. Geode Capital Management LLC boosted its position in shares of OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after purchasing an additional 243,399 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in OPAL Fuels during the second quarter worth approximately $28,000. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Trading Up 1.9%

OPAL opened at $2.16 on Friday. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The company’s 50 day moving average price is $2.41 and its two-hundred day moving average price is $2.37. The firm has a market capitalization of $374.54 million, a price-to-earnings ratio of 108.05 and a beta of 1.07.

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.