OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given an average rating of “Reduce” by the six brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $2.8125.

OPAL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, February 28th.

Institutional Investors Weigh In On OPAL Fuels

Institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its holdings in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after purchasing an additional 2,268,741 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of OPAL Fuels by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after purchasing an additional 11,488 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of OPAL Fuels by 3.4% in the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock worth $1,807,000 after purchasing an additional 25,459 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after purchasing an additional 243,399 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in OPAL Fuels by 15.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after buying an additional 41,056 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Price Performance

Shares of OPAL stock opened at $2.14 on Wednesday. OPAL Fuels has a 1-year low of $1.26 and a 1-year high of $4.08. The stock’s 50-day moving average is $2.30 and its 200 day moving average is $2.34. The company has a market cap of $371.08 million, a P/E ratio of 107.05 and a beta of 1.08. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33.

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.