OPAL Fuels (NASDAQ:OPAL) Director Nadeem Nisar Buys 10,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar bought 10,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $1.98 per share, for a total transaction of $19,800.00. Following the completion of the purchase, the director owned 257,785 shares of the company’s stock, valued at approximately $510,414.30. The trade was a 4.04% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

OPAL Fuels Price Performance

Shares of NASDAQ OPAL opened at $1.99 on Thursday. OPAL Fuels Inc. has a twelve month low of $1.65 and a twelve month high of $2.87. The firm has a market cap of $345.07 million, a P/E ratio of -198.80 and a beta of 0.74. The company has a 50 day moving average of $2.22 and a 200 day moving average of $2.20. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 net margin of 0.65% and a return on equity of 15.54%.

Institutional Trading of OPAL Fuels

Several large investors have recently modified their holdings of OPAL. Zions Bancorporation National Association UT bought a new position in OPAL Fuels in the fourth quarter valued at about $27,000. Mariner LLC bought a new position in shares of OPAL Fuels in the 4th quarter worth approximately $27,000. Engineers Gate Manager LP purchased a new position in shares of OPAL Fuels in the second quarter worth approximately $27,000. Intech Investment Management LLC bought a new stake in OPAL Fuels during the second quarter valued at approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OPAL Fuels in the second quarter worth approximately $28,000. Institutional investors own 12.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Sell” and an average 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.