Scott Dols Acquires 7,946 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Dols bought 7,946 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $2.00 per share, for a total transaction of $15,892.00. Following the transaction, the director directly owned 245,672 shares of the company’s stock, valued at $491,344. This trade represents a 3.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OPAL Fuels Stock Up 7.5%

OPAL opened at $2.16 on Friday. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $4.08. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. The firm’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $2.32. The company has a market capitalization of $374.54 million, a P/E ratio of 30.86 and a beta of 0.76.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The business had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million. On average, analysts anticipate that OPAL Fuels Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at $27,000. Mariner LLC acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at $27,000. Zions Bancorporation National Association UT acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at $28,000. Finally, Intech Investment Management LLC acquired a new stake in shares of OPAL Fuels in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analyst Ratings Changes

OPAL has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research note on Tuesday, March 17th. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, OPAL Fuels currently has a consensus rating of “Reduce” and a consensus target price of $2.72.

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.