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

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.90.

A number of brokerages have recently issued reports on OPAL. Scotiabank lowered shares of OPAL Fuels from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $8.00 to $5.00 in a research note on Tuesday, September 3rd. UBS Group dropped their target price on shares of OPAL Fuels from $8.00 to $7.50 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, The Goldman Sachs Group reduced their target price on shares of OPAL Fuels from $4.50 to $3.90 and set a "sell" rating on the stock in a research report on Friday, August 9th.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently modified their holdings of the business. SIR Capital Management L.P. raised its position in shares of OPAL Fuels by 76.3% in the 2nd quarter. SIR Capital Management L.P. now owns 388,049 shares of the company's stock worth $1,587,000 after acquiring an additional 167,940 shares in the last quarter. Inspire Investing LLC bought a new position in OPAL Fuels in the third quarter worth about $430,000. Yaupon Capital Management LP lifted its position in shares of OPAL Fuels by 17.0% during the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company's stock valued at $2,555,000 after buying an additional 101,955 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of OPAL Fuels during the second quarter valued at about $389,000. Finally, Vanguard Group Inc. boosted its holdings in shares of OPAL Fuels by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company's stock valued at $8,407,000 after buying an additional 86,531 shares in the last quarter. Institutional investors own 12.16% of the company's stock.

OPAL Fuels Trading Up 0.3 %

Shares of OPAL stock traded up $0.01 on Monday, reaching $3.69. 32,145 shares of the company's stock were exchanged, compared to its average volume of 83,931. The company's fifty day simple moving average is $3.72 and its 200 day simple moving average is $3.99. The stock has a market capitalization of $637.74 million, a PE ratio of 20.50 and a beta of 0.48. OPAL Fuels has a 52 week low of $3.04 and a 52 week high of $6.08.

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.