The Goldman Sachs Group Increases OPAL Fuels (NASDAQ:OPAL) Price Target to $2.00

OPAL Fuels (NASDAQ:OPAL - Get Free Report) had its price target upped by equities researchers at The Goldman Sachs Group from $1.75 to $2.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price target would indicate a potential downside of 18.37% from the stock's previous close.

Several other research firms also recently weighed in on OPAL. 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. UBS Group reduced their price target on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a report on Monday, March 17th.

OPAL Fuels Trading Up 10.4%

Shares of OPAL traded up $0.23 during trading hours on Monday, hitting $2.45. The company had a trading volume of 184,491 shares, compared to its average volume of 117,784. The company has a market capitalization of $423.43 million, a PE ratio of 13.61 and a beta of 0.69. OPAL Fuels has a one year low of $1.26 and a one year high of $5.16. The company's fifty day moving average price is $1.78 and its two-hundred day moving average price is $2.75.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.63). OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The business had revenue of $85.41 million for the quarter, compared to analysts' expectations of $85.08 million. Analysts forecast that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Yaupon Capital Management LP increased its holdings in shares of OPAL Fuels by 1.6% in the first quarter. Yaupon Capital Management LP now owns 711,508 shares of the company's stock valued at $1,309,000 after purchasing an additional 11,454 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of OPAL Fuels by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock worth $374,000 after buying an additional 28,374 shares during the period. Invesco Ltd. boosted its position in shares of OPAL Fuels by 40.0% during the first quarter. Invesco Ltd. now owns 2,024,745 shares of the company's stock worth $3,726,000 after buying an additional 578,209 shares during the period. Squarepoint Ops LLC boosted its holdings in OPAL Fuels by 20.2% in the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock valued at $108,000 after purchasing an additional 5,377 shares during the period. Finally, Ardsley Advisory Partners LP boosted its holdings in OPAL Fuels by 20.0% in the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock valued at $508,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 12.16% of the company's stock.

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.