The Goldman Sachs Group Lowers OPAL Fuels (NASDAQ:OPAL) Price Target to $2.00

OPAL Fuels (NASDAQ:OPAL - Get Free Report) had its price objective reduced by investment analysts at The Goldman Sachs Group from $3.40 to $2.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "sell" rating on the stock. The Goldman Sachs Group's target price would indicate a potential upside of 5.26% from the company's previous close.

Separately, UBS Group dropped their price target on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.70.

OPAL Fuels Price Performance

Shares of OPAL traded down $0.07 during midday trading on Tuesday, reaching $1.90. 146,086 shares of the stock were exchanged, compared to its average volume of 101,972. The business's 50-day moving average price is $2.78 and its 200 day moving average price is $3.31. OPAL Fuels has a twelve month low of $1.87 and a twelve month high of $5.18. The company has a market capitalization of $328.38 million, a price-to-earnings ratio of 10.56 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Thursday, March 13th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.49). The firm had revenue of $80.02 million for the quarter, compared to analyst estimates of $90.94 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. As a group, equities research analysts expect that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On OPAL Fuels

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in OPAL Fuels by 22.5% in the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company's stock valued at $4,904,000 after purchasing an additional 265,762 shares in the last quarter. Yaupon Capital Management LP boosted its holdings in OPAL Fuels by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company's stock valued at $2,555,000 after purchasing an additional 101,955 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in OPAL Fuels by 28.9% in the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock valued at $1,708,000 after purchasing an additional 113,034 shares in the last quarter. Geode Capital Management LLC boosted its holdings in OPAL Fuels by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company's stock valued at $891,000 after purchasing an additional 5,327 shares in the last quarter. Finally, Ardsley Advisory Partners LP boosted its holdings in OPAL Fuels by 20.0% in the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock valued at $508,000 after purchasing an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company's stock.

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.