OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $8.40.

Several equities analysts have commented on OPAL shares. B. Riley reiterated a “buy” rating and issued a $10.00 target price on shares of OPAL Fuels in a research report on Friday, June 7th. The Goldman Sachs Group dropped their target price on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research report on Friday, August 9th. Finally, UBS Group dropped their target price on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Friday, August 9th.

OPAL Fuels Trading Up 3.8 %

OPAL Fuels stock opened at $3.81 on Friday. The company has a market capitalization of $657.16 million, a PE ratio of 5.08 and a beta of 0.50. OPAL Fuels has a 12 month low of $3.41 and a 12 month high of $8.46. The stock has a 50-day moving average price of $4.00 and a two-hundred day moving average price of $4.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Yarra Square Partners LP increased its position in shares of OPAL Fuels by 18.9% during the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock worth $1,733,000 after buying an additional 50,000 shares during the period. Grizzlyrock Capital LLC bought a new stake in OPAL Fuels during the fourth quarter valued at $4,611,000. Vanguard Group Inc. grew its holdings in OPAL Fuels by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after acquiring an additional 86,531 shares during the period. Levin Capital Strategies L.P. bought a new position in shares of OPAL Fuels in the 1st quarter worth about $136,000. Finally, SIR Capital Management L.P. raised its position in shares of OPAL Fuels by 76.3% in the 2nd quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after acquiring an additional 167,940 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.