Wall Street Zen Upgrades OPAL Fuels (NASDAQ:OPAL) to Hold

OPAL Fuels (NASDAQ:OPAL) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research analysts have also recently commented on the company. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 15th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $2.81.

OPAL Fuels Trading Down 1.9%

Shares of OPAL opened at $2.06 on Friday. OPAL Fuels has a 1-year low of $1.26 and a 1-year high of $4.08. The company has a market capitalization of $357.20 million, a P/E ratio of 103.05 and a beta of 1.07. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $2.39 and its 200 day simple moving average is $2.46.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly 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). The company had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%. Sell-side analysts forecast that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Engineers Gate Manager LP bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $27,000. Yaupon Capital Management LP grew its position in OPAL Fuels by 1.6% during the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock worth $1,309,000 after acquiring an additional 11,454 shares during the last quarter. Vanguard Group Inc. increased its stake in OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after purchasing an additional 11,488 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OPAL Fuels in the 2nd quarter worth approximately $28,000. Finally, Intech Investment Management LLC bought a new stake in OPAL Fuels in the second quarter valued at approximately $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.