Scotiabank analyst Paul Cheng maintained a Buy rating on OPAL Fuels (OPAL – Research Report) today and set a price target of $10.55. The company’s shares closed yesterday at $4.75.
Cheng covers the Energy sector, focusing on stocks such as APA, Shell, and TotalEnergies. According to TipRanks, Cheng has an average return of 3.1% and a 50.80% success rate on recommended stocks.
OPAL Fuels has an analyst consensus of Strong Buy, with a price target consensus of $11.18, which is a 135.37% upside from current levels. In a report released on March 7, B.Riley Financial also maintained a Buy rating on the stock with a $10.00 price target.
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Based on OPAL Fuels’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $71.1 million and a GAAP net loss of $400 thousand. In comparison, last year the company earned a revenue of $66.55 million and had a GAAP net loss of $1.13 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPAL in relation to earlier this year.
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OPAL Fuels (OPAL) Company Description:
ArcLight Clean Transition Corp II is a blank check company.
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