In a report released today, Paul Cheng from Scotiabank maintained a Hold rating on OPAL Fuels (OPAL – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $3.85.
According to TipRanks, Cheng is a 3-star analyst with an average return of 1.5% and a 45.35% success rate. Cheng covers the Energy sector, focusing on stocks such as APA, BP, and Chevron.
Currently, the analyst consensus on OPAL Fuels is a Moderate Buy with an average price target of $6.50.
Based on OPAL Fuels’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $70.95 million and a GAAP net loss of $153 thousand. In comparison, last year the company earned a revenue of $55.04 million and had a net profit of $17.92 million
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OPAL Fuels (OPAL) Company Description:
ArcLight Clean Transition Corp II is a blank check company.
