From what 8 stock analysts predict, the share price for OPAL Fuels Inc. (OPAL) might increase by 90.87% in the next year. This is based on a 12-month average estimation for OPAL. Price targets go from $3.9 to $10. The majority of stock analysts believe OPAL is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 8 Wall Street analysts have assignedOPAL 6 buy ratings, 1 hold ratings, and 1 sell ratings. This means that analysts expect OPAL Fuels Inc. to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on OPAL. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of OPAL.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Paul Cheng Scotiabank | Sector Perform | $5 | Downgrade | Sep 3, 2024 |
William Grippin UBS | Buy | $7.5 | Maintains | Aug 9, 2024 |
Adam Bubes Goldman Sachs | Sell | $3.9 | Maintains | Aug 9, 2024 |
Ryan Pfingst B. Riley Securities | Buy | $10 | Maintains | Jun 7, 2024 |
Ryan Todd Piper Sandler | Overweight | $8 | Maintains | Apr 18, 2024 |
Paul Cheng Scotiabank | Sector Outperform | $8 | Maintains | Apr 11, 2024 |
William Grippin UBS | Buy | $8 | Maintains | Mar 19, 2024 |
Adam Bubes Goldman Sachs | Sell | $5 | Maintains | Mar 15, 2024 |
Ryan Pfingst B. Riley Securities | Buy | $10 | Maintains | Mar 7, 2024 |
Derrick Whitfield Stifel | Buy | $13 | Maintains | Jan 23, 2024 |
Derrick Whitfield Stifel | Buy | $14 | Maintains | Nov 27, 2023 |
Paul Cheng Scotiabank | Sector Outperform | Initiates | Sep 29, 2023 | |
Derrick Whitfield Stifel | Buy | $16 | Maintains | Sep 25, 2023 |
Adam Bubes Goldman Sachs | Sell | $5.8 | Initiates | Sep 15, 2023 |
Ryan Todd Piper Sandler | Overweight | $12 | Maintains | Jun 6, 2023 |
Thomas Meric Janney Montgomery Scott | Buy | $13 | Initiates | May 26, 2023 |
Ryan Pfingst B. Riley Securities | Buy | $14 | Reiterates | Mar 24, 2023 |
Ryan Todd Piper Sandler | Overweight | $12 | Initiates | Feb 28, 2023 |
Ryan Pfingst B. Riley Securities | Buy | $14 | Initiates | Dec 15, 2022 |
Martin Malloy Johnson Rice | Buy | $13 | Initiates | Dec 15, 2022 |
When did it IPO
2021
Staff Count
326
Country
United States
Sector/Industry
Utilities/Utilities - Regulated Gas
CEO
Market Cap
$641.2M
In 2023, OPAL generated $256.1M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that OPAL's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - OPAL Fuels, an RNG producer, shows revenue growth and increased capacity despite a 30% YTD stock decline. The RNG market is projected to grow to $24.23 billion by 2031, supporting a "buy" rating.
Why It Matters - OPAL Fuels shows strong revenue growth and production capacity in a rapidly expanding RNG market, with undervaluation suggesting potential for recovery and profit, making it an attractive investment opportunity.
Summary - OPAL Fuels Inc. (NASDAQ: OPAL) will hold its Q3 2024 earnings call on November 8, 2024, at 11:00 AM ET, featuring key executives and various financial analysts.
Why It Matters - The Q3 earnings call for OPAL Fuels will provide insights into financial performance and strategic direction, influencing stock valuations and investor sentiment.
Summary - OPAL Fuels Inc. (Nasdaq: OPAL) reported strong Q3 results for 2024, highlighting progress in capturing and converting biogas into renewable natural gas and power, with positive momentum for future growth.
Why It Matters - Strong quarterly results and strategic execution signal growth potential for OPAL Fuels, indicating favorable conditions for future investments in the renewable energy sector.
Summary - OPAL Fuels Inc. reported quarterly earnings of $0.09 per share, missing the $0.18 estimate, compared to a loss of $0.01 per share in the same quarter last year.
Why It Matters - OPAL Fuels Inc.'s earnings miss signals potential operational issues, affecting investor confidence and future stock performance. Year-over-year loss indicates ongoing challenges.
Summary - OPAL Fuels Inc. has begun construction on a landfill-gas-to-RNG facility at Kirby Canyon Landfill in California, with a capacity of 0.66 million MMBtus, fully owned by the company.
Why It Matters - The commencement of OPAL Fuels' new RNG facility signals growth in renewable energy capacity, potentially boosting revenue and enhancing sustainability credentials, which may attract environmentally-conscious investors.
Summary - OPAL Fuels Inc. is not expected to meet the criteria for a likely earnings beat in its upcoming report, according to recent analysis.
Why It Matters - The lack of key ingredients for an earnings beat signals potential underperformance, affecting investor sentiment and stock valuation for OPAL Fuels Inc.