OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $7.90.

Several analysts have recently weighed in on OPAL shares. Scotiabank cut shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd. UBS Group lowered their price target on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, The Goldman Sachs Group cut their price objective on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a report on Friday, August 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of OPAL Fuels by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after acquiring an additional 86,531 shares during the last quarter. Yaupon Capital Management LP lifted its position in OPAL Fuels by 17.0% in the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock valued at $2,555,000 after purchasing an additional 101,955 shares during the last quarter. SIR Capital Management L.P. boosted its stake in shares of OPAL Fuels by 76.3% during the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after purchasing an additional 167,940 shares during the period. Geode Capital Management LLC grew its holdings in shares of OPAL Fuels by 19.1% in the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after purchasing an additional 41,250 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of OPAL Fuels in the third quarter worth $430,000. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Price Performance

Shares of OPAL opened at $3.88 on Monday. OPAL Fuels has a 1-year low of $3.04 and a 1-year high of $6.08. The company has a market capitalization of $670.58 million, a P/E ratio of 21.58 and a beta of 0.48. The firm’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $3.95.

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.