All You Need to Know About OPAL FUELS INC (OPAL) Rating Upgrade to Buy

Core Viewpoint - OPAL Fuels Inc. has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4]. Company Performance Indicators - OPAL Fuels Inc. is projected to earn $0.75 per share for the fiscal year ending December 2024, reflecting an 8.7% year-over-year increase [8]. - Over the past three months, the Zacks Consensus Estimate for OPAL has risen by 0.6%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a 'Strong Buy' or 'Buy' rating [9][10]. - OPAL Fuels Inc.'s upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].