OPAL Fuels receives 'buy' rating from UBS on growth potential

Opal Fuels

05/12/2022 12:24

** Brokerage firm UBS initiates coverage on biogas energy co
OPAL Fuels Inc  OPAL.O  with "buy" rating, PT of $13
    ** UBS says co's conversions of landfill to energy gas
(LFGTE) plants to renewable natural gas (RNG) projects will have
incremental growth 
    ** Adds there is potential for untapped RNG capacity  in
agricultural and wastewater treatment facilities
    ** Brokerage anticipates co to receive 20%-30% tax credit
from the passage of Inflation Reduction Act
    ** Two brokerages rate the stock "strong buy"; their median
PT is $12.5 - Refinitiv data
    ** Up to Friday's close, stock had fallen 5.7% YTD
 (Reporting by Shristi  Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))