OPAL Fuels (NASDAQ:OPAL) Issues Earnings Results

OPAL Fuels (NASDAQ:OPAL) posted its quarterly earnings data on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.36), FiscalAI reports. The firm had revenue of $99.76 million during the quarter, compared to analyst estimates of $98.75 million.

OPAL Fuels Trading Up 4.4%

Shares of NASDAQ OPAL opened at $2.14 on Monday. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. The company has a market cap of $371.08 million, a price-to-earnings ratio of 107.05 and a beta of 1.08. The business’s 50 day moving average price is $2.30 and its 200-day moving average price is $2.34.

Institutional Trading of OPAL Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted 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 purchasing an additional 28,374 shares during the last quarter. Geode Capital Management LLC increased its stake in OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after buying an additional 243,399 shares during the period. Intech Investment Management LLC purchased a new position in OPAL Fuels in the 2nd quarter worth about $28,000. New York State Common Retirement Fund bought a new stake in OPAL Fuels during the 2nd quarter valued at about $93,000. Finally, Walleye Capital LLC bought a new stake in OPAL Fuels during the 2nd quarter valued at about $64,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Analyst Ratings Changes

OPAL has been the subject of a number of analyst reports. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 29th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $2.81.

About OPAL Fuels

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.