OPAL Fuels (NASDAQ:OPAL) Issues Earnings Results

OPAL Fuels (NASDAQ:OPAL) issued its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.49), Zacks reports. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The firm had revenue of $80.02 million for the quarter, compared to analyst estimates of $90.94 million.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $1.89 on Friday. The stock has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.38. The firm has a market capitalization of $326.65 million, a P/E ratio of 10.50 and a beta of 0.56. OPAL Fuels has a fifty-two week low of $1.89 and a fifty-two week high of $5.18.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their price target on OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.78.

OPAL Fuels Company 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.