OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Rating of "Reduce" from Analysts

Key Points

• Analysts give OPAL Fuels an average recommendation of Reduce from five covering firms (two sell, three hold) with a 12‑month average target of about $2.72.
• OPAL reported an EPS miss ($0.08 vs. $0.38 expected), with quarterly revenue of $99.76 million roughly in line with estimates and analysts projecting ~0.2 EPS for the current fiscal year.
• Institutional investors have recently adjusted positions—Goldman Sachs raised its stake ~16.2% to 203,006 shares and Geode increased holdings ~91.5% to 509,294 shares—while institutions now own about 12.16% of the stock.

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) has been given an average recommendation of "Reduce" by the five analysts that are presently covering the firm, Marketbeat reports. Two equities research 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 analysts that have updated their coverage on the stock in the last year is $2.7167.

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lifted their target price on OPAL Fuels from $2.10 to $2.40 and gave the stock a "sell" rating in a research report on Tuesday, March 17th. Wall Street Zen raised OPAL Fuels from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Weiss Ratings raised OPAL Fuels from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. Finally, Zacks Research lowered OPAL Fuels from a "hold" rating to a "strong sell" rating in a research report on Monday, April 6th.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $2.08 on Thursday. OPAL Fuels has a 12-month low of $1.65 and a 12-month high of $4.08. The company has a market capitalization of $360.67 million, a price-to-earnings ratio of 13.87 and a beta of 0.93. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.18 and a quick ratio of 1.07. The firm's fifty day moving average price is $2.28 and its 200 day moving average price is $2.36.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.30). OPAL Fuels had a net margin of 1.98% and a return on equity of 77.65%. The business had revenue of $99.76 million for the quarter, compared to analyst estimates of $98.75 million. On average, research analysts forecast that OPAL Fuels will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock valued at $374,000 after purchasing an additional 28,374 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock valued at $1,233,000 after purchasing an additional 243,399 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. New York State Common Retirement Fund acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $93,000. Finally, Walleye Capital LLC acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $64,000. Institutional investors own 12.16% of the company's stock.

OPAL Fuels Company Profile

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.

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