Ardsley Advisory Partners LP Acquires 25,000 Shares of OPAL Fuels Inc. (NASDAQ:OPAL)

Ardsley Advisory Partners LP raised its stake in OPAL Fuels Inc. (NASDAQ:OPAL) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Ardsley Advisory Partners LP owned 0.09% of OPAL Fuels worth $508,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of OPAL. Invesco Ltd. raised 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 acquiring an additional 265,762 shares during the period. Russell Investments Group Ltd. lifted its holdings in OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock worth $1,708,000 after purchasing an additional 113,034 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 during the period. Marshall Wace LLP acquired a new position in OPAL Fuels in the 4th quarter valued at $389,000. Finally, Jane Street Group LLC bought a new position in OPAL Fuels during the 4th quarter worth $238,000. 12.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

OPAL has been the topic of several research reports. The Goldman Sachs Group lowered their price target on shares of OPAL Fuels from $3.40 to $2.00 and set a “sell” rating on the stock in a research report on Tuesday, March 18th. UBS Group lowered their target price on shares of OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, Scotiabank cut their price target on OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating for the company in a research note on Friday, April 11th.

OPAL Fuels Stock Up 2.8 %

OPAL opened at $1.82 on Friday. The stock has a market capitalization of $314.55 million, a price-to-earnings ratio of 10.11 and a beta of 0.69. OPAL Fuels Inc. has a twelve month low of $1.26 and a twelve month high of $5.18. The company has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $2.87.

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

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.