OPAL Fuels (NASDAQ:OPAL) Cut to “Sell” at Wall Street Zen

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

Several other brokerages also recently commented on OPAL. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 1st. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, OPAL Fuels currently has a consensus rating of “Reduce” and an average target price of $2.81.

OPAL Fuels Price Performance

Shares of NASDAQ:OPAL opened at $2.52 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 32.18. The stock has a market cap of $436.97 million, a PE ratio of 126.06 and a beta of 1.07. The company’s fifty day moving average is $2.39 and its 200 day moving average is $2.51. OPAL Fuels has a 52 week low of $1.26 and a 52 week high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings data on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.09). OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%.The company had revenue of $83.36 million during the quarter, compared to analysts’ expectations of $98.03 million. Research analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. SCS Capital Management LLC purchased a new position in OPAL Fuels in the 1st quarter worth approximately $683,000. Invesco Ltd. lifted its holdings in shares of OPAL Fuels by 40.0% during the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after buying an additional 578,209 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of OPAL Fuels in the 2nd quarter worth $585,000. Inspire Investing LLC grew its holdings in shares of OPAL Fuels by 64.2% in the first quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock worth $359,000 after acquiring an additional 76,267 shares during the period. Finally, Levin Capital Strategies L.P. bought a new stake in shares of OPAL Fuels during the 2nd quarter valued at about $97,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.