OPAL Fuels (NASDAQ:OPAL) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded OPAL Fuels from “Sell” to “Hold,” but the broader analyst consensus remains “Sell,” with one Hold and two Sell ratings and an average price target of $2.40.
• OPAL shares opened at $2.15 after declining 3.2%; the company’s latest quarterly results missed expectations, reporting a loss of $0.05 per share versus an expected profit of $0.08 and revenue of $83.4 million versus $90.72 million estimated.
• Insiders have recently purchased shares, including a director’s 50,000-share acquisition, while corporate insiders own 85.69% of the company and institutional investors hold 12.16%.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a "sell (d+)" rating on shares of OPAL Fuels in a research report on Friday, August 7th. Zacks Research upgraded shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 5th. One analyst has 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 currently has an average rating of "Sell" and an average target price of $2.40.

OPAL Fuels Stock Down 3.2%

OPAL opened at $2.15 on Friday. The company has a market cap of $372.81 million, a PE ratio of -214.79 and a beta of 0.76. OPAL Fuels has a twelve month low of $1.65 and a twelve month high of $2.87. The company has a 50-day moving average price of $2.17 and a 200 day moving average price of $2.23. The company has a quick ratio of 2.07, a current ratio of 1.82 and a debt-to-equity ratio of 10.89.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%.The firm had revenue of $83.40 million during the quarter, compared to analyst estimates of $90.72 million.

Insider Activity

In related news, Director Scott Mcdougald Sutton purchased 50,000 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company's stock, valued at approximately $97,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 62,292 shares of company stock valued at $122,345 in the last ninety days. 85.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OPAL Fuels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT purchased a new stake in OPAL Fuels in the 4th quarter valued at $27,000. Mariner LLC purchased a new position in shares of OPAL Fuels during the 4th quarter worth $27,000. Engineers Gate Manager LP purchased a new position in shares of OPAL Fuels during the 2nd quarter worth $27,000. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at about $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at about $28,000. Institutional investors and hedge funds 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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