OPAL Fuels (NASDAQ:OPAL) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• OPAL Fuels received a "Sell (D+)" rating from Weiss Ratings, with an average rating of "Reduce" and a consensus price target of $2.81 from investment analysts.
• The stock price has fluctuated between a 52-week low of $1.26 and a high of $4.08, opening at $2.70 on the latest trading day.
• CEO Adam Comora purchased 21,744 shares at $2.30 each, increasing his ownership stake by 10.14% as of mid-August.

OPAL Fuels (NASDAQ:OPAL - Get Free Report)'s stock had its "sell (d+)" rating reissued by investment analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Zacks Research raised shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Johnson Rice downgraded shares of OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their price target for the company from $4.00 to $3.00 in a report on Tuesday, July 22nd. UBS Group downgraded shares of OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their price target for the company from $3.50 to $2.75 in a report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a report on Saturday, August 16th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, OPAL Fuels presently has an average rating of "Reduce" and a consensus price target of $2.81.

OPAL Fuels Stock Up 1.1%

OPAL stock opened at $2.70 on Friday. The company has a market cap of $468.18 million, a P/E ratio of 45.00 and a beta of 1.06. OPAL Fuels has a 52 week low of $1.26 and a 52 week high of $4.08. The company's 50-day moving average price is $2.37 and its 200 day moving average price is $2.40. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 5.06.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). The company had revenue of $80.46 million for the quarter, compared to analysts' expectations of $88.75 million. OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 0.74%. On average, research analysts expect that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at OPAL Fuels

In other news, CEO Adam Comora acquired 21,744 shares of the business's stock in a transaction dated Friday, August 15th. The stock was acquired at an average price of $2.30 per share, with a total value of $50,011.20. Following the completion of the transaction, the chief executive officer directly owned 236,261 shares in the company, valued at approximately $543,400.30. This represents a 10.14% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 84.57% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On OPAL Fuels

A number of institutional investors have recently modified their holdings of OPAL. Engineers Gate Manager LP acquired a new position in shares of OPAL Fuels in the second quarter valued at approximately $27,000. Intech Investment Management LLC acquired a new position in OPAL Fuels during the second quarter worth approximately $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels during the second quarter worth approximately $28,000. AssuredPartners Investment Advisors LLC acquired a new position in OPAL Fuels during the third quarter worth approximately $33,000. Finally, Shay Capital LLC acquired a new position in OPAL Fuels during the second quarter worth approximately $34,000. 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.

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