OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Recommendation of “Moderate Buy” from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, 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 12-month price target among brokers that have covered the stock in the last year is $7.90.

OPAL has been the subject of a number of analyst reports. Scotiabank cut OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $8.00 to $5.00 in a report on Tuesday, September 3rd. UBS Group reduced their target price on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, The Goldman Sachs Group lowered their price target on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a report on Friday, August 9th.

Institutional Trading of OPAL Fuels

A number of hedge funds have recently added to or reduced their stakes in OPAL. Janus Henderson Group PLC lifted its holdings in shares of OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after acquiring an additional 9,885 shares during the period. Sanctuary Advisors LLC acquired a new position in OPAL Fuels during the second quarter worth approximately $93,000. Levin Capital Strategies L.P. purchased a new position in OPAL Fuels during the first quarter worth approximately $136,000. GSA Capital Partners LLP boosted its holdings 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 valued at $351,000 after purchasing an additional 39,325 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at $389,000. 12.16% of the stock is owned by institutional investors and hedge funds.

OPAL Fuels Trading Down 0.5 %

Shares of NASDAQ OPAL opened at $3.68 on Monday. The stock has a market cap of $636.01 million, a price-to-earnings ratio of 20.44 and a beta of 0.48. The company’s 50-day moving average price is $3.72 and its 200 day moving average price is $3.99. 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.