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

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

Other analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a research report on Monday, December 22nd. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $2.81.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $2.64 on Friday. The firm has a market capitalization of $457.78 million, a PE ratio of 132.07 and a beta of 1.07. OPAL Fuels has a one year low of $1.26 and a one year high of $4.08. The stock’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.43. The company has a debt-to-equity ratio of 32.18, a quick ratio of 1.33 and a current ratio of 1.47.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 1.84% and a negative net margin of 1.02%. As a group, sell-side analysts expect that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new position in shares of OPAL Fuels during the third quarter valued at approximately $49,000. Shay Capital LLC boosted its position in OPAL Fuels by 185.0% during the 3rd quarter. Shay Capital LLC now owns 40,064 shares of the company’s stock valued at $88,000 after purchasing an additional 26,007 shares during the period. Invesco Ltd. grew its stake in OPAL Fuels by 125.5% during the 3rd quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock worth $6,463,000 after buying an additional 1,634,645 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in OPAL Fuels in the third quarter worth $35,000. Finally, GSA Capital Partners LLP lifted its stake in OPAL Fuels by 19.6% in the third quarter. GSA Capital Partners LLP now owns 157,793 shares of the company’s stock valued at $347,000 after buying an additional 25,903 shares during the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

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.