95,152 Shares in OPAL Fuels Inc. (NASDAQ:OPAL) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of OPAL Fuels Inc. (NASDAQ:OPAL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 95,152 shares of the company’s stock, valued at approximately $389,000. Marshall Wace LLP owned 0.06% of OPAL Fuels as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Levin Capital Strategies L.P. acquired a new stake in OPAL Fuels during the 1st quarter worth about $136,000. SIR Capital Management L.P. raised its holdings 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 acquiring an additional 167,940 shares during the period. Grizzlyrock Capital LLC acquired a new stake in shares of OPAL Fuels during the fourth quarter valued at approximately $4,611,000. Finally, Vanguard Group Inc. lifted its position 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 in the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OPAL. UBS Group reduced their price objective on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 9th. Scotiabank cut shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $8.00 to $5.00 in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group dropped their price objective on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, OPAL Fuels presently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

OPAL Fuels Trading Up 6.9 %

Shares of NASDAQ:OPAL opened at $3.73 on Friday. The firm has a fifty day moving average price of $3.59 and a 200 day moving average price of $4.21. OPAL Fuels Inc. has a 1 year low of $3.04 and a 1 year high of $8.27. The stock has a market capitalization of $643.36 million, a PE ratio of 4.97 and a beta of 0.49.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. The business had revenue of $70.95 million during the quarter, compared to analysts’ expectations of $80.68 million. On average, sell-side analysts forecast that OPAL Fuels Inc. will post 0.57 earnings per share for the current fiscal year.

OPAL Fuels 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.