OPAL Fuels (NASDAQ:OPAL) Announces Earnings Results

OPAL Fuels (NASDAQ:OPAL) announced its earnings results 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 business had revenue of $99.76 million during the quarter, compared to analyst estimates of $98.75 million.

OPAL Fuels Stock Performance

NASDAQ:OPAL opened at $2.14 on Monday. 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 stock has a market capitalization of $371.08 million, a PE ratio of 107.05 and a beta of 1.08. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The company has a fifty day moving average of $2.30 and a two-hundred day moving average of $2.34.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. boosted its position in OPAL Fuels by 77.2% during the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after acquiring an additional 2,268,741 shares during the last quarter. Vanguard Group Inc. raised its holdings in OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after acquiring an additional 11,488 shares during the last quarter. Yaupon Capital Management LP raised its holdings in OPAL Fuels by 3.4% in the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock valued at $1,807,000 after acquiring an additional 25,459 shares during the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 243,399 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in OPAL Fuels by 15.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after purchasing an additional 41,056 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Analyst Ratings Changes

OPAL has been the topic of a number of recent research reports. Wall Street Zen raised 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 report on Monday, December 29th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target 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.