OPAL Fuels (NASDAQ:OPAL) Reaches New 12-Month Low – What’s Next?

OPAL Fuels Inc. (NASDAQ:OPAL)’s share price hit a new 52-week low on Friday . The stock traded as low as $2.91 and last traded at $2.92, with a volume of 75270 shares. The stock had previously closed at $3.07.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on shares of OPAL Fuels from $3.90 to $3.40 and set a “sell” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, OPAL Fuels currently has a consensus rating of “Hold” and a consensus target price of $6.78.

OPAL Fuels Price Performance

The company’s 50 day moving average price is $3.17 and its 200 day moving average price is $3.50. The firm has a market capitalization of $507.26 million, a P/E ratio of 16.31 and a beta of 0.53.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in 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 purchasing an additional 9,885 shares during the period. Squarepoint Ops LLC raised its holdings in OPAL Fuels by 20.2% in the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after purchasing an additional 5,377 shares during the period. Levin Capital Strategies L.P. raised its holdings in OPAL Fuels by 250.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after purchasing an additional 25,000 shares during the period. Jane Street Group LLC acquired a new stake in OPAL Fuels in the fourth quarter worth $238,000. Finally, GSA Capital Partners LLP raised its holdings in OPAL Fuels by 69.3% in 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 during the period. 12.16% of the stock is owned by institutional investors.

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.