OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $2.91 and last traded at $2.92, with a volume of 75270 shares traded. The stock had previously closed at $3.07.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group dropped their price target on shares of OPAL Fuels from $3.90 to $3.40 and set a "sell" rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, OPAL Fuels currently has an average rating of "Hold" and an average price target of $6.78.
Get Our Latest Analysis on OPAL
OPAL Fuels Price Performance
The business has a fifty day moving average price of $3.15 and a 200 day moving average price of $3.48. The company has a market capitalization of $501.21 million, a price-to-earnings ratio of 16.11 and a beta of 0.53.
Hedge Funds Weigh In On OPAL Fuels
Several large investors have recently bought and sold shares of OPAL. GSA Capital Partners LLP lifted its stake in shares of OPAL Fuels by 69.3% in the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company's stock worth $351,000 after acquiring an additional 39,325 shares during the period. Geode Capital Management LLC lifted its position in OPAL Fuels by 19.1% in the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company's stock worth $940,000 after purchasing an additional 41,250 shares during the period. Yaupon Capital Management LP lifted its position in OPAL Fuels by 17.0% in the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company's stock worth $2,555,000 after purchasing an additional 101,955 shares during the period. Janus Henderson Group PLC boosted its stake in OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company's stock valued at $79,000 after purchasing an additional 9,885 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of OPAL Fuels by 20.2% during the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock valued at $108,000 after purchasing an additional 5,377 shares during the period. Institutional investors and hedge funds own 12.16% of the company's stock.
About OPAL Fuels
(
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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