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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given an average recommendation of “Reduce” by the five brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $2.7167.

Several equities analysts recently issued reports on the company. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded OPAL Fuels from a “strong sell” rating to a “sell” rating in a report on Sunday, May 24th. Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group raised their price target on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a report on Tuesday, March 17th.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently added to or reduced their stakes in OPAL. Zions Bancorporation National Association UT acquired a new position in OPAL Fuels in the fourth quarter valued at about $27,000. Mariner LLC acquired a new position in OPAL Fuels in the fourth quarter valued at about $27,000. Engineers Gate Manager LP acquired a new position in OPAL Fuels in the second quarter valued at about $27,000. Intech Investment Management LLC acquired a new position in OPAL Fuels in the second quarter valued at about $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels in the second quarter valued at about $28,000. Institutional investors own 12.16% of the company’s stock.

OPAL Fuels Price Performance

Shares of OPAL stock opened at $2.26 on Monday. The stock’s fifty day moving average is $2.27 and its 200-day moving average is $2.32. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. The stock has a market capitalization of $391.88 million, a PE ratio of 32.29 and a beta of 0.77. OPAL Fuels has a 52 week low of $1.65 and a 52 week high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%. Equities research analysts expect that OPAL Fuels will post -0.2 EPS for the current fiscal year.

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.