OPAL Fuels (NASDAQ:OPAL) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of OPAL Fuels (NASDAQ:OPAL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other research analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday, December 1st. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Four 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 has an average rating of “Reduce” and a consensus price target of $2.81.

OPAL Fuels Stock Up 1.5%

OPAL Fuels stock opened at $2.63 on Friday. 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 firm has a market cap of $456.04 million, a P/E ratio of 131.57 and a beta of 1.07. The business has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.51. OPAL Fuels has a twelve month low of $1.26 and a twelve month high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.05 earnings per share (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 firm had revenue of $83.36 million during the quarter, compared to analysts’ expectations of $98.03 million. On average, analysts forecast that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Several institutional investors have recently bought and sold shares of the company. SCS Capital Management LLC purchased a new position in shares of OPAL Fuels in the 1st quarter valued at $683,000. Invesco Ltd. boosted its stake in OPAL Fuels by 40.0% in the first quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after acquiring an additional 578,209 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in shares of OPAL Fuels during the second quarter worth about $585,000. Inspire Investing LLC grew its holdings in shares of OPAL Fuels by 64.2% during the first quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock worth $359,000 after purchasing an additional 76,267 shares during the last quarter. Finally, Levin Capital Strategies L.P. acquired a new stake in shares of OPAL Fuels during the second quarter worth about $97,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.