OPAL Fuels (NASDAQ:OPAL) Sets New 12-Month Low - Should You Sell?

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $3.00 and last traded at $3.01, with a volume of 201794 shares changing hands. The stock had previously closed at $3.16.

Wall Street Analyst Weigh In

Separately, 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 report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, OPAL Fuels presently has an average rating of "Moderate Buy" and an average target price of $7.90.

OPAL Fuels Trading Down 4.7 %

The firm has a market capitalization of $520.22 million, a P/E ratio of 16.72 and a beta of 0.51. The business's 50 day simple moving average is $3.73 and its two-hundred day simple moving average is $3.83.

Institutional Investors Weigh In On OPAL Fuels

Several institutional investors and hedge funds have recently made changes to their positions in the company. 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 during the last quarter. Sanctuary Advisors LLC bought a new position in shares of OPAL Fuels during the second quarter valued at $93,000. Marshall Wace LLP purchased a new stake in shares of OPAL Fuels during the second quarter valued at $389,000. GSA Capital Partners LLP increased its holdings in 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 buying an additional 39,325 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in OPAL Fuels in the 3rd quarter worth about $430,000. Institutional investors own 12.16% of the company's stock.

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.