OPAL Fuels (NASDAQ:OPAL) Director Purchases 10,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar bought 10,000 shares of the company’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 transaction, the director directly owned 257,785 shares in the company, valued at approximately $510,414.30. The trade was a 4.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

OPAL Fuels Stock Performance

OPAL traded up $0.06 during trading on Wednesday, hitting $1.99. 236,317 shares of the stock were exchanged, compared to its average volume of 237,102. 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 Inc. has a 1-year low of $1.65 and a 1-year high of $2.87. The stock has a fifty day moving average price of $2.22 and a two-hundred day moving average price of $2.20. The firm has a market capitalization of $345.07 million, a P/E ratio of -198.80 and a beta of 0.74.

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

Wall Street Analyst Weigh In

OPAL has been the topic of several research reports. Weiss Ratings reissued 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 report on Saturday, August 15th. Finally, Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $2.40.

Hedge Funds Weigh In On OPAL Fuels

A number of large investors have recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in shares of OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock worth $12,261,000 after buying an additional 2,268,741 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of OPAL Fuels in the 4th quarter valued at about $742,000. Geode Capital Management LLC lifted its stake in shares of 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 in the last quarter. Inspire Investing LLC purchased a new stake in shares of OPAL Fuels during the 1st quarter worth about $554,000. Finally, Jane Street Group LLC purchased a new stake in shares of OPAL Fuels during the 2nd quarter worth about $107,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.