OPAL Fuels Inc. (NASDAQ:OPAL) Receives $2.81 Average PT from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has been assigned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.8125.

Several research firms have issued reports on OPAL. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock opened at $2.40 on Tuesday. OPAL Fuels has a 52 week low of $1.26 and a 52 week high of $4.08. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. The stock has a market cap of $416.16 million, a PE ratio of 120.06 and a beta of 1.07. The company’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.39.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm had revenue of $83.36 million for the quarter, compared to the consensus estimate of $98.03 million. As a group, sell-side analysts anticipate that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of OPAL Fuels during the third quarter valued at approximately $49,000. Shay Capital LLC raised its stake in OPAL Fuels by 185.0% during the 3rd quarter. Shay Capital LLC now owns 40,064 shares of the company’s stock valued at $88,000 after purchasing an additional 26,007 shares during the period. Invesco Ltd. raised its stake in OPAL Fuels by 125.5% during the 3rd quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock valued at $6,463,000 after purchasing an additional 1,634,645 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of OPAL Fuels in the third quarter valued at $35,000. Finally, GSA Capital Partners LLP boosted its position in shares of OPAL Fuels by 19.6% in the third quarter. GSA Capital Partners LLP now owns 157,793 shares of the company’s stock worth $347,000 after buying an additional 25,903 shares during the period. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.