OPAL Fuels (NASDAQ:OPAL) Rating Lowered to "Strong Sell" at Wall Street Zen

Key Points

• OPAL Fuels has been downgraded by Wall Street Zen from a "hold" to a "strong sell" rating, reflecting concerns about its current performance.
• Analyst ratings have generally trended downwards, with UBS and Johnson Rice also moving to "hold" ratings and lowering their price targets significantly.
• The company's recent earnings report showed a loss of $0.10 per share below expectations, prompting further scrutiny from investors and analysts alike.

Wall Street Zen lowered shares of OPAL Fuels (NASDAQ:OPAL - Free Report) from a hold rating to a strong sell rating in a research report report published on Saturday morning.

Several other equities research analysts have also weighed in on OPAL. The Goldman Sachs Group boosted their target price on OPAL Fuels from $1.75 to $2.00 and gave the stock a "sell" rating in a report on Monday, May 12th. UBS Group lowered OPAL Fuels from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Finally, Johnson Rice lowered OPAL Fuels from a "strong-buy" rating to a "hold" rating and cut their price target for the stock from $4.00 to $3.00 in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $2.81.

OPAL Fuels Stock Performance

OPAL traded up $0.04 on Friday, hitting $2.29. The company had a trading volume of 77,944 shares, compared to its average volume of 138,505. The company's fifty day moving average price is $2.56 and its 200 day moving average price is $2.40. OPAL Fuels has a 1-year low of $1.26 and a 1-year high of $4.11. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.26 and a quick ratio of 1.12. The stock has a market cap of $397.09 million, a price-to-earnings ratio of 38.17 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.10). OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 0.74%.The company had revenue of $80.46 million during the quarter, compared to analyst estimates of $88.75 million. Equities analysts predict that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Scott V. Dols bought 37,532 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $2.51 per share, for a total transaction of $94,205.32. Following the completion of the purchase, the director owned 116,899 shares of the company's stock, valued at $293,416.49. This trade represents a 47.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Nadeem Nisar bought 10,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $3.17 per share, with a total value of $31,700.00. Following the completion of the purchase, the director directly owned 141,712 shares of the company's stock, valued at $449,227.04. This represents a 7.59% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 148,332 shares of company stock valued at $385,962 in the last three months. 84.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of OPAL Fuels in the second quarter valued at $46,000. Shay Capital LLC acquired a new position in shares of OPAL Fuels in the second quarter valued at $34,000. Engineers Gate Manager LP acquired a new position in shares of OPAL Fuels in the second quarter valued at $27,000. Bank of America Corp DE raised its stake in shares of OPAL Fuels by 7,828.4% in the second quarter. Bank of America Corp DE now owns 23,468 shares of the company's stock valued at $57,000 after purchasing an additional 23,172 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of OPAL Fuels in the second quarter valued at $107,000. 12.16% of the stock is currently 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.