OPAL Fuels Inc. (NASDAQ:OPAL) Receives $8.40 Average PT from Brokerages

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $8.40.

A number of analysts have recently issued reports on OPAL shares. The Goldman Sachs Group lowered their price objective on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a report on Friday, August 9th. UBS Group cut their price target on shares of 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, B. Riley restated a “buy” rating and set a $10.00 price objective on shares of OPAL Fuels in a research note on Friday, June 7th.

Institutional Trading of OPAL Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Marshall Wace LLP acquired a new position in shares of OPAL Fuels during the 2nd quarter worth about $389,000. SIR Capital Management L.P. grew its holdings in OPAL Fuels by 76.3% during the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after purchasing an additional 167,940 shares during the period. Levin Capital Strategies L.P. acquired a new position in OPAL Fuels during the first quarter worth approximately $136,000. Vanguard Group Inc. raised its stake in OPAL Fuels by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after buying an additional 86,531 shares during the period. Finally, Grizzlyrock Capital LLC acquired a new stake in shares of OPAL Fuels in the fourth quarter valued at approximately $4,611,000. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Stock Performance

Shares of OPAL Fuels stock opened at $3.79 on Friday. The firm has a market cap of $653.71 million, a PE ratio of 5.05 and a beta of 0.50. The business’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $4.52. OPAL Fuels has a 52-week low of $3.41 and a 52-week high of $8.46.

OPAL Fuels Company Profile

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.