OPAL Fuels (NASDAQ:OPAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL) from a sell rating to a hold rating in a report released on Saturday morning.

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

OPAL Fuels Stock Up 3.3%

OPAL stock opened at $2.16 on Friday. The firm has a market cap of $374.54 million, a PE ratio of 108.05 and a beta of 1.08. OPAL Fuels has a 12 month low of $1.26 and a 12 month high of $4.08. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. The firm has a 50 day simple moving average of $2.37 and a 200 day simple moving average of $2.36.

Hedge Funds Weigh In On OPAL Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Engineers Gate Manager LP purchased a new stake in shares of OPAL Fuels in the second quarter valued at $27,000. Mariner LLC acquired a new position in OPAL Fuels during the fourth quarter valued at $27,000. Zions Bancorporation National Association UT purchased a new stake in OPAL Fuels in the 4th quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in OPAL Fuels in the 2nd quarter worth about $28,000. Finally, Intech Investment Management LLC acquired a new stake in OPAL Fuels during the 2nd quarter worth about $28,000. 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.