The Goldman Sachs Group Cuts OPAL Fuels (NASDAQ:OPAL) Price Target to $2.00

OPAL Fuels (NASDAQ:OPAL) had its price objective trimmed by The Goldman Sachs Group from $3.40 to $2.00 in a report published on Tuesday,Benzinga reports. The firm currently has a sell rating on the stock.

Separately, UBS Group reduced their price objective on shares of OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, OPAL Fuels currently has a consensus rating of “Hold” and a consensus price target of $5.70.

OPAL Fuels Stock Performance

OPAL stock opened at $1.97 on Tuesday. The company’s 50-day simple moving average is $2.80 and its 200 day simple moving average is $3.32. OPAL Fuels has a 52 week low of $1.89 and a 52 week high of $5.18. The company has a market capitalization of $340.47 million, a PE ratio of 10.94 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.49). The firm had revenue of $80.02 million for the quarter, compared to analyst estimates of $90.94 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. On average, analysts forecast that OPAL Fuels will post 0.8 EPS for the current year.

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its stake in shares of OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock valued at $108,000 after purchasing an additional 5,377 shares in the last quarter. Ardsley Advisory Partners LP boosted its stake in shares of OPAL Fuels by 20.0% in the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock valued at $508,000 after purchasing an additional 25,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at approximately $238,000. Marshall Wace LLP acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at approximately $389,000. Finally, Invesco Ltd. boosted its stake in shares of OPAL Fuels by 22.5% in the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after purchasing an additional 265,762 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.