Scotiabank analyst Paul Cheng maintained a Buy rating on OPAL Fuels (OPAL – Research Report) today and set a price target of $8.00. The company’s shares closed yesterday at $5.00.
According to TipRanks, Cheng is a 4-star analyst with an average return of 3.6% and a 52.74% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, Devon Energy, and Clean Energy Fuels.
OPAL Fuels has an analyst consensus of Moderate Buy, with a price target consensus of $8.33, which is a 66.60% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $8.00 price target.
OPAL market cap is currently $863.9M and has a P/E ratio of 7.23.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
OPAL Fuels (OPAL) Company Description:
ArcLight Clean Transition Corp II is a blank check company.
Read More on OPAL:
- OPAL Fuels Q1 Earnings Call and Forward-Looking Statement Advisory
- Opal Fuels price target lowered to $8 from $13 at Piper Sandler
- Opal Fuels price target lowered to $8 from $10.55 at Scotiabank
- Opal Fuels Inc. at Risk: Unreliable Biogas Quality and Quantity Threaten Operations
- Opal Fuels sees 2024 adjusted ebitdA $90M-$100M vs. $52M in 2023
