In a report released on March 27, Derrick Whitfield from Stifel Nicolaus maintained a Buy rating on OPAL Fuels (OPAL – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $5.02.
Whitfield covers the Energy sector, focusing on stocks such as Vital Energy, Northern Oil And Gas, and Diamondback. According to TipRanks, Whitfield has an average return of -5.7% and a 46.49% success rate on recommended stocks.
In addition to Stifel Nicolaus, OPAL Fuels also received a Buy from UBS’s William Grippin in a report issued on March 19. However, on March 15, Goldman Sachs maintained a Sell rating on OPAL Fuels (NASDAQ: OPAL).
Based on OPAL Fuels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $87.01 million and a net profit of $8.76 million. In comparison, last year the company earned a revenue of $66.72 million and had a net profit of $4.52 million
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OPAL Fuels (OPAL) Company Description:
ArcLight Clean Transition Corp II is a blank check company.
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