Fintel reports that on September 29, 2023, Scotiabank initiated coverage of OPAL Fuels Inc - (NASDAQ:OPAL) with a Sector Outperform recommendation.
Analyst Price Forecast Suggests 67.30% Upside
As of August 31, 2023, the average one-year price target for OPAL Fuels Inc - is 13.55. The forecasts range from a low of 10.10 to a high of $16.80. The average price target represents an increase of 67.30% from its latest reported closing price of 8.10.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for OPAL Fuels Inc - is 497MM, an increase of 115.09%. The projected annual non-GAAP EPS is 1.11.
What is the Fund Sentiment?
There are 61 funds or institutions reporting positions in OPAL Fuels Inc -. This is an increase of 4 owner(s) or 7.02% in the last quarter. Average portfolio weight of all funds dedicated to OPAL is 0.12%, an increase of 12.00%. Total shares owned by institutions increased in the last three months by 26.67% to 14,862K shares. 
The put/call ratio of OPAL is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
Ares Management holds 3,060K shares representing 11.05% ownership of the company. No change in the last quarter.
Encompass Capital Advisors holds 2,741K shares representing 9.90% ownership of the company. In it's prior filing, the firm reported owning 1,797K shares, representing an increase of 34.43%. The firm increased its portfolio allocation in OPAL by 94.02% over the last quarter.
Zimmer Partners holds 1,815K shares representing 6.55% ownership of the company. In it's prior filing, the firm reported owning 1,883K shares, representing a decrease of 3.76%. The firm increased its portfolio allocation in OPAL by 18.39% over the last quarter.
Electron Capital Partners holds 1,800K shares representing 6.50% ownership of the company. No change in the last quarter.
Bank Of Montreal holds 1,272K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
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This story originally appeared on Fintel.
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