Scotiabank Brokers Reduce Earnings Estimates for OPAL Fuels

OPAL Fuels Inc. (NASDAQ:OPAL) – Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of OPAL Fuels in a research report issued to clients and investors on Thursday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will earn $0.19 per share for the year, down from their prior forecast of $0.21. The consensus estimate for OPAL Fuels’ current full-year earnings is $0.80 per share.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Finally, The Goldman Sachs Group lifted their target price on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research report on Tuesday, March 17th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $2.91.

OPAL Fuels Stock Performance

Shares of OPAL opened at $2.08 on Monday. The stock has a market capitalization of $360.67 million, a price-to-earnings ratio of 13.87 and a beta of 1.08. OPAL Fuels has a 12 month low of $1.26 and a 12 month high of $4.08. The firm has a fifty day simple moving average of $2.29 and a 200 day simple moving average of $2.35. The company has a current ratio of 1.18, a quick ratio of 1.07 and a debt-to-equity ratio of 32.18.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Monday, March 16th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.30). The business had revenue of $99.76 million during the quarter, compared to analyst estimates of $98.75 million. OPAL Fuels had a net margin of 1.98% and a return on equity of 77.65%.

Institutional Trading of OPAL Fuels

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new stake in OPAL Fuels in the second quarter valued at $27,000. Mariner LLC acquired a new position in shares of OPAL Fuels during the 4th quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of OPAL Fuels in the 4th quarter valued at about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. Finally, Intech Investment Management LLC acquired a new stake in OPAL Fuels in the 2nd quarter valued at about $28,000. 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.