Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL – Free Report) from a strong sell rating to a sell rating in a report published on Saturday.
Other research analysts have also issued reports about the company. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $2.40.
Get Our Latest Analysis on OPAL Fuels
OPAL Fuels Trading Down 1.7%
OPAL Fuels (NASDAQ:OPAL – Get Free Report) last announced its earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). The firm had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%.
Insider Transactions at OPAL Fuels
In related news, Director Scott Mcdougald Sutton bought 50,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $1.95 per share, with a total value of $97,500.00. Following the purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 72,292 shares of company stock valued at $142,845. 85.69% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On OPAL Fuels
A number of hedge funds have recently modified their holdings of OPAL. J. Derek Lewis & Associates Inc. acquired a new stake in OPAL Fuels during the fourth quarter valued at $742,000. Boyer Financial Services Inc. acquired a new position in OPAL Fuels in the 4th quarter worth about $36,000. Zions Bancorporation National Association UT purchased a new stake in shares of OPAL Fuels during the 4th quarter worth about $27,000. Virtu Financial LLC purchased a new stake in shares of OPAL Fuels during the 3rd quarter worth about $49,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of OPAL Fuels during the 3rd quarter valued at about $35,000. 12.16% of the stock is owned by institutional investors and hedge funds.
OPAL Fuels Company Profile
OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.
OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.
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