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

OPAL Fuels (NASDAQ:OPAL) had its price target lowered by The Goldman Sachs Group from $3.90 to $3.40 in a report published on Thursday,Benzinga reports. The firm currently has a sell rating on the stock.

OPAL Fuels Stock Performance

Shares of OPAL stock opened at $3.16 on Thursday. OPAL Fuels has a 52 week low of $2.96 and a 52 week high of $5.18. The firm’s 50-day simple moving average is $3.44 and its two-hundred day simple moving average is $3.64. The firm has a market cap of $546.14 million, a price-to-earnings ratio of 17.56 and a beta of 0.54.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in 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 purchasing an additional 39,325 shares during the last quarter. Geode Capital Management LLC raised its position 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 purchasing an additional 41,250 shares during the period. Inspire Investing LLC purchased a new stake in shares of OPAL Fuels during the 3rd quarter valued at approximately $430,000. Sanctuary Advisors LLC bought a new position in OPAL Fuels in the 2nd quarter worth approximately $93,000. Finally, Marshall Wace LLP purchased a new position in OPAL Fuels in the 2nd quarter valued at approximately $389,000. Institutional investors 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.