Los Angeles Capital Management LLC Makes New $55,000 Investment in OPAL Fuels Inc. $OPAL

Los Angeles Capital Management LLC bought a new position in shares of OPAL Fuels Inc. (NASDAQ:OPAL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,550 shares of the company’s stock, valued at approximately $55,000.

Other large investors have also recently modified their holdings of the company. Yaupon Capital Management LP grew its stake in OPAL Fuels by 1.6% in the first quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock worth $1,309,000 after purchasing an additional 11,454 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of OPAL Fuels by 16.2% in the 1st 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. Levin Capital Strategies L.P. bought a new position in shares of OPAL Fuels during the 2nd quarter worth $97,000. Inspire Investing LLC grew its position in shares of OPAL Fuels by 64.2% during the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock worth $359,000 after buying an additional 76,267 shares in the last quarter. Finally, SCS Capital Management LLC purchased a new position in shares of OPAL Fuels during the first quarter valued at $683,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OPAL. Johnson Rice lowered shares of OPAL Fuels from a “strong-buy” rating to a “hold” rating and lowered their price objective for the stock from $4.00 to $3.00 in a research note on Tuesday, July 22nd. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group downgraded shares of OPAL Fuels from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $3.50 to $2.75 in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a research note on Thursday, November 13th. Finally, Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.81.

OPAL Fuels Trading Up 12.7%

NASDAQ:OPAL opened at $2.39 on Wednesday. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.08. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18. The stock has a market capitalization of $414.43 million, a price-to-earnings ratio of 119.56 and a beta of 1.07. The firm has a 50 day moving average of $2.37 and a 200 day moving average of $2.51.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%.The company had revenue of $83.36 million during the quarter, compared to analyst estimates of $98.03 million. As a group, sell-side analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

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.