In a report released today, Ryan Todd from Piper Sandler maintained a Buy rating on OPAL Fuels (OPAL – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $4.91.
According to TipRanks, Todd is a 5-star analyst with an average return of 8.7% and a 60.23% success rate. Todd covers the Energy sector, focusing on stocks such as Par Pacific Holdings, BP, and Chevron.
Currently, the analyst consensus on OPAL Fuels is a Strong Buy with an average price target of $11.64, representing a 137.07% upside. In a report released today, Scotiabank also assigned a Buy rating to the stock with a $10.55 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
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OPAL Fuels (OPAL) Company Description:
ArcLight Clean Transition Corp II is a blank check company.
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