Brokerages Set OPAL Fuels Inc. (NASDAQ:OPAL) Target Price at $2.81

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have earned an average recommendation of “Reduce” from the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $2.8125.

OPAL has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th.

Institutional Trading of OPAL Fuels

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT purchased a new position in OPAL Fuels during the 4th quarter worth $27,000. Mariner LLC purchased a new stake in OPAL Fuels in the fourth quarter valued at about $27,000. Engineers Gate Manager LP acquired a new stake in OPAL Fuels in the second quarter worth about $27,000. Intech Investment Management LLC acquired a new position in OPAL Fuels during the 2nd quarter valued at approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Trading Up 4.4%

OPAL opened at $2.14 on Wednesday. OPAL Fuels has a 12 month low of $1.26 and a 12 month high of $4.08. The stock has a fifty day moving average price of $2.30 and a 200-day moving average price of $2.34. The firm has a market cap of $371.08 million, a price-to-earnings ratio of 107.05 and a beta of 1.08. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18.

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.