Analysts Set OPAL Fuels Inc. (NASDAQ:OPAL) PT at $10.43

OPAL Fuels Inc. (NASDAQ:OPAL) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.43.

OPAL has been the subject of a number of recent research reports. B. Riley dropped their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus dropped their price objective on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Scotiabank dropped their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. UBS Group dropped their price objective on shares of OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group dropped their price objective on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating for the company in a research note on Friday, March 15th.

Institutional Trading of OPAL Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of OPAL Fuels during the 3rd quarter valued at $1,297,000. Geode Capital Management LLC grew its stake in shares of OPAL Fuels by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 37,658 shares of the company’s stock valued at $274,000 after buying an additional 4,222 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of OPAL Fuels during the 4th quarter valued at $255,000. Boothbay Fund Management LLC purchased a new stake in shares of OPAL Fuels during the 4th quarter valued at $223,000. Finally, Morgan Stanley grew its stake in shares of OPAL Fuels by 748.8% during the 4th quarter. Morgan Stanley now owns 13,802 shares of the company’s stock valued at $100,000 after buying an additional 12,176 shares during the period. 12.16% of the stock is owned by hedge funds and other institutional investors.

OPAL Fuels Trading Down 0.2 %

OPAL stock opened at $4.74 on Friday. The firm has a 50 day moving average of $4.84 and a 200-day moving average of $5.48. OPAL Fuels has a 12-month low of $4.43 and a 12-month high of $8.46. The company has a market cap of $817.56 million, a price-to-earnings ratio of 6.77 and a beta of 0.52.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. The company had revenue of $87.01 million for the quarter, compared to analyst estimates of $98.77 million. Sell-side analysts forecast that OPAL Fuels will post 0.59 earnings per share for the current fiscal year.

About OPAL Fuels

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.