OPAL Fuels (NASDAQ:OPAL) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded OPAL Fuels from “hold” to “sell,” while Weiss Ratings maintained a “sell (d+)” rating. MarketBeat reports an overall consensus rating of “Sell” and a $2.40 price target.
• OPAL Fuels shares opened at $1.56, near their 52-week low of $1.53, and remain below both their 50-day and 200-day moving averages. The company also reported a quarterly loss of $0.05 per share and revenue below analyst expectations.
• Despite the negative ratings, insiders purchased 80,000 shares worth approximately $157,900 over the past three months, and company insiders own 85.69% of outstanding shares.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of OPAL Fuels in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, OPAL Fuels presently has an average rating of "Sell" and a consensus price target of $2.40.

OPAL Fuels Stock Down 0.6%

Shares of NASDAQ:OPAL opened at $1.56 on Friday. The firm has a 50 day simple moving average of $1.94 and a 200 day simple moving average of $2.12. OPAL Fuels has a 52 week low of $1.53 and a 52 week high of $2.87. The company has a debt-to-equity ratio of 10.89, a quick ratio of 1.68 and a current ratio of 1.82. The company has a market cap of $272.63 million, a PE ratio of -155.84 and a beta of 0.79.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share 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%.

Insider Buying and Selling at OPAL Fuels

In related news, CEO Adam Comora bought 20,000 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were acquired at an average price of $2.08 per share, with a total value of $41,600.00. Following the completion of the transaction, the chief executive officer owned 509,626 shares of the company's stock, valued at $1,060,022.08. The trade was a 4.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 80,000 shares of company stock valued at $157,900 over the last three months. 85.69% of the stock is currently owned by corporate insiders.

Institutional Trading of OPAL Fuels

A number of institutional investors and hedge funds have recently modified their holdings of OPAL. J. Derek Lewis & Associates Inc. bought a new position in shares of OPAL Fuels during the 4th quarter worth approximately $742,000. Inspire Investing LLC bought a new stake in OPAL Fuels during the 1st quarter worth approximately $554,000. WINTON GROUP Ltd boosted its stake in OPAL Fuels by 439.3% in the second quarter. WINTON GROUP Ltd now owns 67,780 shares of the company's stock worth $149,000 after purchasing an additional 55,213 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of OPAL Fuels in the first quarter valued at about $29,000. Finally, Bank of New York Mellon Corp grew its holdings 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 worth $105,000 after acquiring an additional 6,548 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Company Profile

OPAL Fuels Inc NASDAQ: OPAL is a renewable energy company focused on producing and delivering renewable natural gas (RNG) and renewable electricity. The company develops, constructs, owns and operates facilities that capture biogas—primarily from landfills and other organic waste sources—and convert it into pipeline-quality RNG or electricity.

OPAL Fuels supplies RNG for use as a transportation fuel and as a natural gas substitute, while also marketing associated environmental attributes such as renewable identification numbers and low-carbon fuel credits.

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