OPAL Fuels (NASDAQ:OPAL) Stock Rating Lowered by Wall Street Zen

OPAL Fuels (NASDAQ:OPAL) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Sunday.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group lifted their target price on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research report on Tuesday, March 17th. Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.72.

OPAL Fuels Stock Up 3.0%

NASDAQ OPAL traded up $0.06 during trading hours on Friday, hitting $2.07. The company’s stock had a trading volume of 251,010 shares, compared to its average volume of 356,769. The company has a market capitalization of $358.94 million, a PE ratio of 29.58 and a beta of 0.77. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. OPAL Fuels has a 52 week low of $1.65 and a 52 week high of $2.87. The company’s 50-day simple moving average is $2.08 and its two-hundred day simple moving average is $2.25.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). The company had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.

Insider Buying and Selling

In other OPAL Fuels news, Director Scott Mcdougald Sutton purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $97,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 72,292 shares of company stock worth $142,845 in the last 90 days. Company insiders own 85.69% of the company’s stock.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in shares of OPAL Fuels during the 1st quarter worth $29,000. Bank of New York Mellon Corp grew 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 buying an additional 6,548 shares during the period. Inspire Investing LLC bought a new position in OPAL Fuels during the first quarter valued at about $554,000. J. Derek Lewis & Associates Inc. purchased a new stake in OPAL Fuels during the fourth quarter worth about $742,000. Finally, Virtu Financial LLC increased its holdings in OPAL Fuels by 39.1% during the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock worth $73,000 after buying an additional 8,719 shares during the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.