OPAL Fuels (NASDAQ:OPAL) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of OPAL Fuels (NASDAQ:OPAL) from a hold rating to a strong sell rating in a research report released on Saturday morning.

A number of other analysts have also issued reports on OPAL. Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. The Goldman Sachs Group increased their target price on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a report on Tuesday, March 17th. Finally, Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.72.

OPAL Fuels Stock Performance

OPAL opened at $1.94 on Friday. The business has a fifty day simple moving average of $2.30 and a 200-day simple moving average of $2.33. The firm has a market cap of $336.40 million, a PE ratio of 27.72 and a beta of 0.76. OPAL Fuels has a fifty-two week low of $1.65 and a fifty-two week high of $4.08. The company has a quick ratio of 1.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Monday, May 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The business had revenue of $73.38 million during the quarter, compared to analysts’ expectations of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. As a group, equities analysts predict that OPAL Fuels will post -0.2 EPS for the current fiscal year.

Institutional Trading of OPAL Fuels

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in OPAL Fuels during the first quarter valued at $29,000. Bank of New York Mellon Corp boosted its position in OPAL Fuels by 18.6% during the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after purchasing an additional 6,548 shares during the last quarter. Inspire Investing LLC acquired a new stake in OPAL Fuels during the first quarter valued at $554,000. J. Derek Lewis & Associates Inc. acquired a new stake in OPAL Fuels during the fourth quarter valued at $742,000. Finally, Virtu Financial LLC boosted its position in OPAL Fuels by 39.1% during the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock valued at $73,000 after purchasing an additional 8,719 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Company Profile

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.