Grizzlyrock Capital LLC Has $2.04 Million Position in OPAL Fuels Inc. $OPAL

Grizzlyrock Capital LLC cut its position in shares of OPAL Fuels Inc. (NASDAQ:OPAL) by 18.9% in the second quarter, Holdings Channel reports. The institutional investor owned 844,739 shares of the company’s stock after selling 197,494 shares during the period. OPAL Fuels comprises 1.4% of Grizzlyrock Capital LLC’s portfolio, making the stock its 16th biggest holding. Grizzlyrock Capital LLC’s holdings in OPAL Fuels were worth $2,044,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of OPAL. Invesco Ltd. lifted its stake in OPAL Fuels by 40.0% in the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after acquiring an additional 578,209 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of OPAL Fuels in the first quarter worth $683,000. Geode Capital Management LLC boosted its holdings in OPAL Fuels by 91.5% during the second 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 during the last quarter. Rockefeller Capital Management L.P. acquired a new position in OPAL Fuels during the second quarter worth $585,000. Finally, Inspire Investing LLC grew its position in OPAL Fuels by 64.2% in the first quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after purchasing an additional 76,267 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $2.60 on Friday. The firm’s 50 day simple moving average is $2.41 and its 200 day simple moving average is $2.51. The firm has a market capitalization of $450.84 million, a price-to-earnings ratio of 130.07 and a beta of 1.07. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. OPAL Fuels Inc. has a 1 year low of $1.26 and a 1 year high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last announced 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). The firm had revenue of $83.36 million for the quarter, compared to analyst estimates of $98.03 million. OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. As a group, research analysts expect that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OPAL shares. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a report on Monday. Finally, Wall Street Zen cut OPAL Fuels from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $2.81.

OPAL Fuels Profile

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.