Wall Street Zen Upgrades OPAL Fuels (NASDAQ:OPAL) to Hold

OPAL Fuels (NASDAQ:OPAL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also recently commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a research report on Friday, August 7th. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $2.40.

OPAL Fuels Stock Performance

OPAL Fuels stock opened at $2.15 on Friday. The business has a 50 day moving average price of $2.17 and a two-hundred day moving average price of $2.22. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89. OPAL Fuels has a 12 month low of $1.65 and a 12 month high of $2.87. The stock has a market cap of $372.81 million, a price-to-earnings ratio of -214.79 and a beta of 0.76.

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

Insiders Place Their Bets

In related news, Director Scott Mcdougald Sutton purchased 50,000 shares of the stock in a transaction on Thursday, June 11th. The shares were purchased at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 62,292 shares of company stock valued at $122,345 in the last quarter. Corporate insiders own 85.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in OPAL Fuels by 18.6% in 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 in the last quarter. Virtu Financial LLC increased its holdings in OPAL Fuels by 39.1% during the 4th quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock valued at $73,000 after purchasing an additional 8,719 shares in the last quarter. Wells Fargo & Company MN raised its position in OPAL Fuels by 73.2% in the 4th quarter. Wells Fargo & Company MN now owns 23,197 shares of the company’s stock valued at $55,000 after purchasing an additional 9,801 shares during the last quarter. Engineers Gate Manager LP bought a new position in OPAL Fuels in the 2nd quarter valued at $27,000. Finally, Mariner LLC acquired a new position in OPAL Fuels in the fourth quarter worth $27,000. 12.16% of the stock is owned by 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.