OPAL Fuels (NASDAQ:OPAL) CEO Acquires 50,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $1.93 per share, with a total value of $96,500.00. Following the completion of the acquisition, the chief executive officer directly owned 489,626 shares of the company’s stock, valued at $944,978.18. This represents a 11.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

OPAL Fuels Stock Performance

OPAL traded up $0.06 during trading on Wednesday, reaching $1.99. The company’s stock had a trading volume of 236,317 shares, compared to its average volume of 237,102. OPAL Fuels Inc. has a 52-week low of $1.65 and a 52-week high of $2.87. The company’s fifty day moving average price is $2.22 and its 200-day moving average price is $2.20. The company has a market capitalization of $345.07 million, a price-to-earnings ratio of -198.80 and a beta of 0.74. The company has a debt-to-equity ratio of 10.89, a quick ratio of 1.68 and a current ratio of 1.82.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13). The business had revenue of $83.40 million for the quarter, compared to analysts’ expectations of $90.72 million. OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%.

Institutional Trading of OPAL Fuels

Large investors have recently bought and sold shares of the company. Invesco Ltd. increased its position in shares of OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock valued at $12,261,000 after buying an additional 2,268,741 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after buying an additional 11,488 shares in the last quarter. Yaupon Capital Management LP boosted its position in shares of OPAL Fuels by 3.4% in the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock worth $1,807,000 after buying an additional 25,459 shares in the last quarter. Geode Capital Management LLC grew its stake in OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock valued at $1,233,000 after acquiring an additional 243,399 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in OPAL Fuels by 15.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock valued at $743,000 after acquiring an additional 41,056 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, OPAL Fuels has an average rating of “Sell” and a consensus target price of $2.40.

OPAL Fuels Company Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.