OPAL Fuels' (OPAL) "Sell (D+)" Rating Reaffirmed at Weiss Ratings

Key Points

• OPAL Fuels' stock has been reaffirmed with a "sell (D+)" rating by Weiss Ratings, while analysts from Wall Street Zen have downgraded it to a "strong sell."
• The company reported earnings of $0.03 per share, missing expectations of $0.13, with a revenue of $80.46 million, below the forecast of $88.75 million.
• CEO Adam Comora acquired 18,256 shares in a recent transaction, increasing his ownership in the company to 254,517 shares, valued at approximately $590,479.

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

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

OPAL Fuels Price Performance

OPAL stock opened at $2.44 on Wednesday. The business has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.32. The stock has a market cap of $423.08 million, a price-to-earnings ratio of 40.67 and a beta of 1.06. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.11. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 5.06.

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

Insiders Place Their Bets

In other OPAL Fuels news, CEO Adam Comora acquired 18,256 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $2.32 per share, for a total transaction of $42,353.92. Following the purchase, the chief executive officer directly owned 254,517 shares in the company, valued at $590,479.44. This trade represents a 7.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 84.57% of the stock is currently owned by company insiders.

Institutional Trading of OPAL Fuels

Several hedge funds have recently made changes to their positions in the stock. AssuredPartners Investment Advisors LLC bought a new stake in shares of OPAL Fuels in the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC bought a new stake in OPAL Fuels during the 2nd quarter valued at $46,000. Shay Capital LLC bought a new stake in OPAL Fuels during the 2nd quarter valued at $34,000. Engineers Gate Manager LP bought a new stake in OPAL Fuels during the 2nd quarter valued at $27,000. Finally, Bank of America Corp DE raised its stake in OPAL Fuels by 7,828.4% during the 2nd quarter. Bank of America Corp DE now owns 23,468 shares of the company's stock valued at $57,000 after acquiring an additional 23,172 shares in the last quarter. Institutional investors own 12.16% of the company's stock.

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.

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