OPAL Fuels (NASDAQ:OPAL) Director Acquires $19,800.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar acquired 10,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 257,785 shares in the company, valued at $510,414.30. This represents a 4.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

OPAL Fuels Stock Up 1.5%

Shares of OPAL Fuels stock opened at $2.01 on Friday. OPAL Fuels Inc. has a 12-month low of $1.65 and a 12-month high of $2.87. 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 has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $2.20. The stock has a market capitalization of $348.53 million, a P/E ratio of -200.80 and a beta of 0.74.

OPAL Fuels (NASDAQ:OPAL) last released 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). The firm had revenue of $83.40 million during the quarter, compared to the consensus estimate of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position in OPAL Fuels by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after acquiring an additional 28,374 shares during the period. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 243,399 shares during the period. Intech Investment Management LLC bought a new stake in OPAL Fuels in the 2nd quarter valued at $28,000. New York State Common Retirement Fund acquired a new stake in OPAL Fuels in the 2nd quarter worth $93,000. Finally, Walleye Capital LLC acquired a new stake in OPAL Fuels in the 2nd quarter worth $64,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

Analyst Ratings Changes

OPAL has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, OPAL Fuels currently has a consensus 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.