OPAL Fuels (NASDAQ:OPAL) CEO Adam Comora Buys 20,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora acquired 20,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average price of $2.08 per share, for a total transaction of $41,600.00. Following the completion of the purchase, the chief executive officer directly owned 509,626 shares of the company’s stock, valued at $1,060,022.08. This trade represents a 4.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adam Comora also recently made the following trade(s):

• On Tuesday, September 1st, Adam Comora bought 50,000 shares of OPAL Fuels stock. The shares were acquired at an average price of $1.93 per share, with a total value of $96,500.00.

OPAL Fuels Stock Performance

OPAL opened at $1.92 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89. The stock’s 50 day moving average price is $2.20 and its two-hundred day moving average price is $2.20. The firm has a market capitalization of $332.93 million, a P/E ratio of -191.81 and a beta of 0.74. OPAL Fuels Inc. has a 12-month low of $1.65 and a 12-month high of $2.87.

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

Institutional Trading of OPAL Fuels

Several institutional investors have recently made changes to their positions in OPAL. J. Derek Lewis & Associates Inc. acquired a new position in OPAL Fuels in the fourth quarter worth about $742,000. Zions Bancorporation National Association UT acquired a new stake in OPAL Fuels during the fourth quarter valued at approximately $27,000. Virtu Financial LLC bought a new stake in shares of OPAL Fuels in the 3rd quarter valued at approximately $49,000. Dimensional Fund Advisors LP bought a new stake in shares of OPAL Fuels in the 3rd quarter valued at approximately $35,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of OPAL Fuels in the 2nd quarter worth approximately $46,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OPAL. Weiss Ratings reissued a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, OPAL Fuels has a consensus rating of “Sell” and an average price target 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.