OPAL Fuels (NASDAQ:OPAL) Stock Rating Lowered by Wall Street Zen

OPAL Fuels (NASDAQ:OPAL – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a research report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $2.40.

Check Out Our Latest Analysis on OPAL

OPAL Fuels Price Performance

OPAL opened at $1.56 on Friday. The company has a fifty day simple moving average of $1.94 and a 200 day simple moving average of $2.12. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89. The stock has a market cap of $272.63 million, a P/E ratio of -155.84 and a beta of 0.79. OPAL Fuels has a 12 month low of $1.53 and a 12 month high of $2.87.

OPAL Fuels (NASDAQ:OPAL – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $83.40 million during the quarter, compared to analyst estimates of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Insider Buying and Selling at OPAL Fuels

In other OPAL Fuels news, CEO Adam Comora acquired 20,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was acquired at an average price of $2.08 per share, for a total transaction of $41,600.00. Following the purchase, the chief executive officer directly owned 509,626 shares of the company’s stock, valued at $1,060,022.08. This trade represents a 4.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 80,000 shares of company stock worth $157,900 over the last three months. 85.69% of the stock is currently owned by company insiders.

Institutional Trading of OPAL Fuels

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new position in OPAL Fuels in the first quarter valued at about $29,000. Bank of New York Mellon Corp raised its position in OPAL Fuels by 18.6% during the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after purchasing an additional 6,548 shares in the last quarter. WINTON GROUP Ltd lifted its stake in OPAL Fuels by 439.3% during the second quarter. WINTON GROUP Ltd now owns 67,780 shares of the company’s stock worth $149,000 after purchasing an additional 55,213 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of OPAL Fuels in the 1st quarter valued at $554,000. Finally, J. Derek Lewis & Associates Inc. acquired a new stake in OPAL Fuels in the fourth quarter valued at about $742,000. 12.16% of the stock is owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

(Get Free Report)

OPAL Fuels Inc (NASDAQ:OPAL) is a renewable energy company focused on producing and delivering renewable natural gas (RNG) and renewable electricity. The company develops, constructs, owns and operates facilities that capture biogas—primarily from landfills and other organic waste sources—and convert it into pipeline-quality RNG or electricity.

OPAL Fuels supplies RNG for use as a transportation fuel and as a natural gas substitute, while also marketing associated environmental attributes such as renewable identification numbers and low-carbon fuel credits.

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