OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

OPAL Fuels Inc. (NASDAQ:OPALGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.79.

A number of analysts recently commented on OPAL shares. Stifel Nicolaus reduced their price objective on OPAL Fuels from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. The Goldman Sachs Group reduced their price target on OPAL Fuels from $5.80 to $5.00 and set a “sell” rating for the company in a research report on Friday, March 15th. UBS Group reduced their price target on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Finally, B. Riley dropped their price objective on OPAL Fuels from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, March 7th.

Read Our Latest Stock Report on OPAL

Institutional Trading of OPAL Fuels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Encompass Capital Advisors LLC raised its stake in shares of OPAL Fuels by 52.5% during the 2nd quarter. Encompass Capital Advisors LLC now owns 2,741,370 shares of the company’s stock valued at $20,404,000 after buying an additional 943,941 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of OPAL Fuels by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,588,093 shares of the company’s stock valued at $8,766,000 after buying an additional 41,030 shares during the last quarter. Invesco Ltd. purchased a new position in shares of OPAL Fuels during the 3rd quarter valued at about $7,816,000. Grizzlyrock Capital LLC purchased a new position in shares of OPAL Fuels in the 4th quarter valued at about $4,611,000. Finally, HITE Hedge Asset Management LLC increased its stake in shares of OPAL Fuels by 81.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company’s stock valued at $2,115,000 after purchasing an additional 172,360 shares in the last quarter. Institutional investors and hedge funds own 11.17% of the company’s stock.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock opened at $4.96 on Wednesday. OPAL Fuels has a one year low of $4.43 and a one year high of $8.46. The stock has a market capitalization of $855.51 million, a P/E ratio of 7.09 and a beta of 0.51. The business’s 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $5.78.

OPAL Fuels Company Profile

(Get Free Report

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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Analyst Recommendations for OPAL Fuels (NASDAQ:OPAL)

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