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

Wall Street Zen cut shares of OPAL Fuels (NASDAQ:OPAL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $2.40.

OPAL Fuels Stock Performance

Shares of NASDAQ:OPAL opened at $1.57 on Friday. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68. The business’s 50 day moving average price is $1.92 and its 200-day moving average price is $2.11. The firm has a market capitalization of $274.37 million, a PE ratio of -156.84 and a beta of 0.79. OPAL Fuels has a 1 year low of $1.50 and a 1 year high of $2.87.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm had revenue of $83.40 million during the quarter, compared to analyst estimates of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Insider Buying and Selling

In other OPAL Fuels news, CEO Adam Comora bought 20,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were acquired at an average cost of $2.08 per share, with a total value of $41,600.00. Following the purchase, the chief executive officer directly owned 509,626 shares of the company’s stock, valued at $1,060,022.08. This trade represents a 4.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have bought 80,000 shares of company stock valued at $157,900. 85.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. purchased a new position in OPAL Fuels during the fourth quarter worth approximately $742,000. Inspire Investing LLC acquired a new position in OPAL Fuels during the first quarter worth $554,000. WINTON GROUP Ltd boosted its stake in OPAL Fuels by 439.3% during the second quarter. WINTON GROUP Ltd now owns 67,780 shares of the company’s stock worth $149,000 after buying an additional 55,213 shares during the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $105,000 after buying an additional 6,548 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in OPAL Fuels in the 1st quarter valued at $29,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

OPAL Fuels Company Profile

OPAL Fuels Inc (NASDAQ:OPAL) is a renewable energy company focused on producing and delivering renewable natural gas (RNG) and renewable electricity. The company develops, constructs, owns and operates facilities that capture biogas—primarily from landfills and other organic waste sources—and convert it into pipeline-quality RNG or electricity.

OPAL Fuels supplies RNG for use as a transportation fuel and as a natural gas substitute, while also marketing associated environmental attributes such as renewable identification numbers and low-carbon fuel credits.