OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $7.90.
Several research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research report on Friday, August 9th. 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 report on Friday, August 9th. Finally, Scotiabank lowered OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the company from $8.00 to $5.00 in a research note on Tuesday, September 3rd.
Get Our Latest Report on OPAL Fuels
OPAL Fuels Stock Performance
Institutional Investors Weigh In On OPAL Fuels
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its position in shares of OPAL Fuels by 83.5% during 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 in the last quarter. Sanctuary Advisors LLC bought a new position in OPAL Fuels in the 2nd quarter valued at $93,000. Levin Capital Strategies L.P. acquired a new stake in shares of OPAL Fuels in the 1st quarter valued at $136,000. Marshall Wace LLP bought a new stake in shares of OPAL Fuels during the second quarter worth $389,000. Finally, GSA Capital Partners LLP lifted its stake in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after acquiring an additional 39,325 shares during the period. 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.
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