Wall Street Zen Upgrades OPAL Fuels (NASDAQ:OPAL) to “Sell”

OPAL Fuels (NASDAQ:OPAL) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

OPAL has been the topic of several other reports. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $2.40.

OPAL Fuels Stock Performance

Shares of OPAL Fuels stock opened at $2.35 on Friday. The company has a market capitalization of $407.49 million, a PE ratio of 33.58 and a beta of 0.76. The company has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $2.24. OPAL Fuels has a one year low of $1.65 and a one year high of $2.87. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The firm had revenue of $73.38 million during the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%.

Insider Buying and Selling at OPAL Fuels

In related news, Director Scott Mcdougald Sutton acquired 50,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at $97,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 72,292 shares of company stock worth $142,845 in the last 90 days. 85.69% of the stock is currently owned by insiders.

Institutional Trading of OPAL Fuels

A number of institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in OPAL Fuels by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after purchasing an additional 6,548 shares in the last quarter. Virtu Financial LLC raised its holdings in shares of OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock worth $73,000 after buying an additional 8,719 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of OPAL Fuels by 73.2% during the fourth quarter. Wells Fargo & Company MN now owns 23,197 shares of the company’s stock worth $55,000 after buying an additional 9,801 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of OPAL Fuels during the second quarter worth $27,000. Finally, Mariner LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter valued at $27,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.