OPAL Fuels (NASDAQ:OPAL) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other research analysts also recently weighed in on the company. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, OPAL Fuels presently has an average rating of “Sell” and a consensus price target of $2.40.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $2.15 on Friday. The firm’s 50 day simple moving average is $2.17 and its 200-day simple moving average is $2.23. The company has a market cap of $372.81 million, a P/E ratio of -214.79 and a beta of 0.76. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 2.07. OPAL Fuels has a fifty-two week low of $1.65 and a fifty-two week high of $2.87.

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

Insider Buying and Selling

In other OPAL Fuels news, Director Scott Mcdougald Sutton purchased 50,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 62,292 shares of company stock valued at $122,345 over the last three months. 85.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of OPAL Fuels by 16.2% during the 1st 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 243,399 shares in the last quarter. Intech Investment Management LLC bought a new stake in OPAL Fuels during the 2nd quarter worth approximately $28,000. New York State Common Retirement Fund bought a new stake in OPAL Fuels during the 2nd quarter worth approximately $93,000. Finally, Walleye Capital LLC acquired a new stake in OPAL Fuels during the 2nd quarter valued at $64,000. 12.16% of the stock is owned by institutional investors.

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.