OPAL Fuels (NASDAQ:OPAL) Releases Quarterly Earnings Results

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

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $1.89 on Friday. OPAL Fuels has a 52-week low of $1.89 and a 52-week high of $5.18. The company has a market capitalization of $326.65 million, a P/E ratio of 10.50 and a beta of 0.56. The company has a fifty day moving average of $2.94 and a 200-day moving average of $3.38.

Analyst Upgrades and Downgrades

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