OPAL Fuels (NASDAQ:OPAL) Reaches New 52-Week Low – Here’s What Happened

OPAL Fuels Inc. (NASDAQ:OPAL)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $2.96 and last traded at $2.97, with a volume of 120405 shares. The stock had previously closed at $3.00.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price target on shares of OPAL Fuels from $3.90 to $3.40 and set a “sell” rating on the stock in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.78.

OPAL Fuels Trading Down 1.0 %

The firm has a market cap of $513.30 million, a P/E ratio of 16.50 and a beta of 0.53. The company’s 50 day simple moving average is $3.34 and its 200-day simple moving average is $3.58.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $84.05 million for the quarter, compared to the consensus estimate of $88.80 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, sell-side analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On OPAL Fuels

A number of institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in shares of OPAL Fuels by 83.5% in the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after buying an additional 9,885 shares during the period. Sanctuary Advisors LLC purchased a new position in OPAL Fuels during the second quarter valued at approximately $93,000. Levin Capital Strategies L.P. lifted its stake in shares of OPAL Fuels by 250.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $119,000 after buying an additional 25,000 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after purchasing an additional 39,325 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of OPAL Fuels during the second quarter valued at approximately $389,000. 12.16% of the stock is owned by institutional investors.

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.