Invesco Ltd. Has $4.90 Million Stock Position in OPAL Fuels Inc. (NASDAQ:OPAL)

Invesco Ltd. raised its holdings in shares of OPAL Fuels Inc. (NASDAQ:OPAL - Free Report) by 22.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,446,536 shares of the company's stock after acquiring an additional 265,762 shares during the period. Invesco Ltd. owned approximately 0.84% of OPAL Fuels worth $4,904,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in OPAL. Russell Investments Group Ltd. raised its stake in shares of OPAL Fuels by 28.9% during the fourth quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock valued at $1,708,000 after purchasing an additional 113,034 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of OPAL Fuels by 19.1% in the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company's stock valued at $940,000 after acquiring an additional 41,250 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in shares of OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock valued at $119,000 after acquiring an additional 25,000 shares during the period. Institutional investors and hedge funds own 12.16% of the company's stock.

OPAL Fuels Stock Down 0.3 %

Shares of OPAL Fuels stock traded down $0.01 during midday trading on Thursday, hitting $1.73. The company's stock had a trading volume of 9,005 shares, compared to its average volume of 113,030. The stock has a 50-day simple moving average of $1.86 and a 200-day simple moving average of $2.90. The firm has a market capitalization of $298.13 million, a P/E ratio of 9.58 and a beta of 0.69. OPAL Fuels Inc. has a 1-year low of $1.26 and a 1-year high of $5.18.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.49). The firm had revenue of $80.02 million during the quarter, compared to the consensus estimate of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. As a group, sell-side analysts predict that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on OPAL Fuels from $3.40 to $2.00 and set a "sell" rating for the company in a report on Tuesday, March 18th. UBS Group reduced their target price on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Scotiabank dropped their price target on OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating on the stock in a research note on Friday, April 11th.

About OPAL Fuels

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.