OPAL Fuels (NASDAQ:OPAL) Raised to Hold at Zacks Research

OPAL Fuels (NASDAQ:OPAL) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on OPAL. The Goldman Sachs Group boosted their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a report on Tuesday, March 17th. Weiss Ratings raised shares of OPAL Fuels from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, OPAL Fuels currently has an average rating of “Reduce” and an average target price of $2.72.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $2.28 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.18 and a debt-to-equity ratio of 32.18. The company has a market capitalization of $395.35 million, a P/E ratio of 15.20 and a beta of 0.76. OPAL Fuels has a 12-month low of $1.65 and a 12-month high of $4.08. The firm has a 50-day moving average price of $2.29 and a two-hundred day moving average price of $2.35.

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 the consensus estimate of $98.75 million. OPAL Fuels had a net margin of 1.98% and a return on equity of 77.65%. Analysts anticipate that OPAL Fuels will post 0.2 earnings per share for the current year.

Institutional Trading of OPAL Fuels

Institutional investors and hedge funds have recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in OPAL Fuels during the 4th quarter worth approximately $27,000. Mariner LLC acquired a new position in OPAL Fuels during the 4th quarter worth approximately $27,000. Engineers Gate Manager LP acquired a new position in OPAL Fuels during the 2nd quarter worth approximately $27,000. Intech Investment Management LLC acquired a new position in OPAL Fuels during the 2nd quarter worth approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels during the 2nd quarter worth approximately $28,000. Institutional investors 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.