The Goldman Sachs Group Has Lowered Expectations for OPAL Fuels (NASDAQ:OPAL) Stock Price

OPAL Fuels (NASDAQ:OPAL) had its price objective dropped by investment analysts at The Goldman Sachs Group from $3.90 to $3.40 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 10.39% from the stock’s current price.

OPAL Fuels Stock Down 2.5 %

OPAL opened at $3.08 on Thursday. OPAL Fuels has a 52-week low of $2.96 and a 52-week high of $5.18. The firm’s fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $3.64. The company has a market cap of $532.32 million, a price-to-earnings ratio of 17.11 and a beta of 0.54.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The business had revenue of $84.05 million during the quarter, compared to analysts’ expectations of $88.80 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. During the same period last year, the business earned ($0.01) earnings per share. On average, research analysts forecast that OPAL Fuels will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in shares of OPAL Fuels by 83.5% in the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after acquiring an additional 9,885 shares during the period. Sanctuary Advisors LLC purchased a new position in OPAL Fuels during the 2nd quarter worth $93,000. GSA Capital Partners LLP grew its position in OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after purchasing an additional 39,325 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of OPAL Fuels by 19.1% in the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock valued at $940,000 after buying an additional 41,250 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of OPAL Fuels during the second quarter worth about $389,000. 12.16% of the stock is 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.