OPAL Fuels (NASDAQ:OPAL) Reaches New 52-Week Low – Should You Sell?

OPAL Fuels Inc. (NASDAQ:OPAL) shares hit a new 52-week low during trading on Friday . The stock traded as low as $2.91 and last traded at $2.92, with a volume of 75270 shares trading hands. The stock had previously closed at $3.07.

Analyst Ratings Changes

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

OPAL Fuels Stock Performance

The firm has a market cap of $504.66 million, a price-to-earnings ratio of 16.22 and a beta of 0.53. The business has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $3.49.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds have recently added to or reduced their stakes in OPAL. GSA Capital Partners LLP boosted its stake in OPAL Fuels by 69.3% during the 3rd 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. Janus Henderson Group PLC boosted its stake in shares of OPAL Fuels by 83.5% in the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after buying an additional 9,885 shares during the last quarter. Yaupon Capital Management LP boosted its stake in shares of OPAL Fuels by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after buying an additional 101,955 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of OPAL Fuels by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after buying an additional 41,250 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in shares of OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after buying an additional 25,000 shares during the last quarter. 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.