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 research report report published on Saturday morning.

OPAL has been the topic of a number of other research reports. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Sell” and a consensus target price of $2.40.

OPAL Fuels Price Performance

Shares of NASDAQ:OPAL opened at $2.20 on Friday. OPAL Fuels has a twelve month low of $1.65 and a twelve month high of $2.87. The company’s 50 day moving average is $2.17 and its 200 day moving average is $2.22. The company has a current ratio of 1.82, a quick ratio of 1.68 and a debt-to-equity ratio of 10.89. The company has a market cap of $381.48 million, a PE ratio of -219.78 and a beta of 0.76.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $83.40 million for the quarter, compared to analyst estimates of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Insiders Place Their Bets

In related news, Director Scott Mcdougald Sutton purchased 50,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $1.95 per share, with a total value of $97,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $97,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased 62,292 shares of company stock worth $122,345 in the last three months. 85.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock valued at $12,261,000 after purchasing an additional 2,268,741 shares in the last quarter. Vanguard Group Inc. boosted its holdings in OPAL Fuels by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after buying an additional 11,488 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in OPAL Fuels by 3.4% during the fourth quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock worth $1,807,000 after buying an additional 25,459 shares in the last quarter. Geode Capital Management LLC grew its position in OPAL Fuels by 91.5% during the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after buying an additional 243,399 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in OPAL Fuels by 15.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock valued at $743,000 after buying an additional 41,056 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.