Insider Buying: OPAL Fuels (NASDAQ:OPAL) CEO Purchases 20,000 Shares

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora bought 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 509,626 shares in the company, valued at $1,060,022.08. This trade represents a 4.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

OPAL Fuels Trading Down 4.5%

NASDAQ OPAL traded down $0.09 during trading on Tuesday, hitting $1.92. 386,148 shares of the company’s stock traded hands, compared to its average volume of 237,751. The stock has a fifty day moving average of $2.21 and a two-hundred day moving average of $2.20. OPAL Fuels Inc. has a 12-month low of $1.65 and a 12-month high of $2.87. The firm has a market cap of $332.93 million, a P/E ratio of -191.81 and a beta of 0.74. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68.

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

Hedge Funds Weigh In On OPAL Fuels

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of OPAL Fuels by 77.2% during the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after purchasing an additional 2,268,741 shares during the period. Vanguard Group Inc. increased its holdings in OPAL Fuels by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after purchasing an additional 11,488 shares during the period. Yaupon Capital Management LP raised its position in OPAL Fuels by 3.4% during the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company’s stock valued at $1,807,000 after purchasing an additional 25,459 shares during the last quarter. Geode Capital Management LLC raised its position in OPAL Fuels by 91.5% during 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 last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in OPAL Fuels by 15.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after buying an additional 41,056 shares during the period. 12.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on OPAL shares. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels presently has a consensus rating of “Sell” and an average target price of $2.40.

About OPAL Fuels

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.