OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.28, but opened at $6.09. OPAL Fuels shares last traded at $6.02, with a volume of 11,653 shares trading hands.
Analyst Ratings Changes
A number of research firms have commented on OPAL. The Goldman Sachs Group began coverage on OPAL Fuels in a research report on Thursday, September 14th. They issued a “sell” rating on the stock. Stifel Nicolaus upped their target price on OPAL Fuels from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Scotiabank assumed coverage on OPAL Fuels in a research report on Friday, September 29th. They set a “sector outperform” rating and a $10.55 target price on the stock. Finally, Piper Sandler upped their target price on OPAL Fuels from $12.00 to $16.00 in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.65.
OPAL Fuels Stock Down 6.8 %
Institutional Trading of OPAL Fuels
Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp purchased a new stake in shares of OPAL Fuels during the first quarter valued at approximately $72,000. Millennium Management LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter valued at approximately $90,000. Morgan Stanley increased its position in shares of OPAL Fuels by 748.8% during the fourth quarter. Morgan Stanley now owns 13,802 shares of the company’s stock valued at $100,000 after acquiring an additional 12,176 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter valued at approximately $103,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of OPAL Fuels during the third quarter valued at approximately $125,000. 11.17% of the stock is owned by hedge funds and other institutional investors.
OPAL Fuels Company 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.
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