OPAL Fuels Inc. (NASDAQ:OPAL) Receives $2.81 Average Target Price from Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has earned a consensus recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $2.8125.

Several research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of OPAL Fuels from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday. Finally, Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th.

Hedge Funds Weigh In On OPAL Fuels

Large investors have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in OPAL Fuels by 125.5% in the third quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock valued at $6,463,000 after acquiring an additional 1,634,645 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OPAL Fuels by 1.0% during the third 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. Yaupon Capital Management LP increased its holdings in OPAL Fuels by 1.6% in the first quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock valued at $1,309,000 after purchasing an additional 11,454 shares during the last quarter. Geode Capital Management LLC lifted its stake in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after buying an additional 243,399 shares during the period. Finally, SCS Capital Management LLC acquired a new stake in shares of OPAL Fuels in the 1st quarter valued at approximately $683,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Stock Down 10.6%

Shares of OPAL opened at $2.36 on Friday. The company has a market capitalization of $409.22 million, a P/E ratio of 118.06 and a beta of 1.07. OPAL Fuels has a one year low of $1.26 and a one year high of $4.08. The business’s 50 day simple moving average is $2.37 and its 200-day simple moving average is $2.43. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33.

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 the consensus estimate of $0.14 by ($0.09). The business had revenue of $83.36 million during the quarter, compared to analysts’ expectations of $98.03 million. As a group, sell-side analysts predict that OPAL Fuels will post 0.8 EPS for the current fiscal year.

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.