OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Rating of "Moderate Buy" by Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.43.

A number of research firms have recently commented on OPAL. Stifel Nicolaus cut their price objective on OPAL Fuels from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. B. Riley reduced their price target on OPAL Fuels from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. The Goldman Sachs Group reduced their price target on OPAL Fuels from $5.80 to $5.00 and set a "sell" rating on the stock in a research report on Friday, March 15th. Scotiabank reduced their price target on OPAL Fuels from $10.50 to $8.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, UBS Group reduced their price target on OPAL Fuels from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, March 19th.

OPAL Fuels Trading Down 2.3 %

Shares of NASDAQ:OPAL traded down $0.11 on Friday, hitting $4.77. The company had a trading volume of 86,577 shares, compared to its average volume of 70,499. OPAL Fuels has a 52-week low of $4.43 and a 52-week high of $8.46. The business has a 50 day moving average of $4.84 and a 200 day moving average of $5.53. The company has a market cap of $822.73 million, a PE ratio of 6.81 and a beta of 0.52.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last released its earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). OPAL Fuels had a negative return on equity of 1.07% and a net margin of 10.61%. The business had revenue of $87.01 million for the quarter, compared to analysts' expectations of $98.77 million. As a group, equities analysts predict that OPAL Fuels will post 0.59 EPS for the current year.

Hedge Funds Weigh In On OPAL Fuels

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of OPAL Fuels by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,588,093 shares of the company's stock valued at $8,766,000 after purchasing an additional 41,030 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of OPAL Fuels during the 3rd quarter valued at approximately $7,816,000. Grizzlyrock Capital LLC acquired a new stake in shares of OPAL Fuels during the 4th quarter valued at approximately $4,611,000. HITE Hedge Asset Management LLC raised its position in shares of OPAL Fuels by 81.8% during the 4th quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company's stock valued at $2,115,000 after acquiring an additional 172,360 shares in the last quarter. Finally, Yarra Square Partners LP raised its position in shares of OPAL Fuels by 18.9% during the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company's stock valued at $1,733,000 after acquiring an additional 50,000 shares in the last quarter. 12.16% of the stock is owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.