OPAL Fuels (NASDAQ:OPAL) Releases Earnings Results, Misses Expectations By $0.36 EPS

OPAL Fuels (NASDAQ:OPAL) issued its quarterly earnings data on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.36), FiscalAI reports. The firm had revenue of $99.76 million for the quarter, compared to analysts’ expectations of $98.75 million.

OPAL Fuels Stock Up 4.4%

Shares of OPAL stock opened at $2.14 on Monday. OPAL Fuels has a fifty-two week low of $1.26 and a fifty-two week high of $4.08. The firm has a market capitalization of $371.08 million, a PE ratio of 107.05 and a beta of 1.08. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47. The stock’s 50-day simple moving average is $2.30 and its 200-day simple moving average is $2.34.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of OPAL. Invesco Ltd. raised its position in OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after buying an additional 2,268,741 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 acquiring an additional 11,488 shares during the period. Yaupon Capital Management LP boosted its holdings 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 valued at $1,807,000 after acquiring an additional 25,459 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $1,233,000 after acquiring an additional 243,399 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of OPAL Fuels by 15.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after acquiring an additional 41,056 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 29th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $2.81.

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.