OPAL Fuels (NASDAQ:OPAL) CEO Adam Comora Purchases 50,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora purchased 50,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average cost of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the acquisition, the chief executive officer owned 489,626 shares of the company’s stock, valued at approximately $944,978.18. This represents a 11.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

OPAL Fuels Price Performance

OPAL stock opened at $1.99 on Thursday. The firm has a 50 day moving average of $2.22 and a 200-day moving average of $2.20. The company has a current ratio of 1.82, a quick ratio of 1.68 and a debt-to-equity ratio of 10.89. OPAL Fuels Inc. has a 12 month low of $1.65 and a 12 month high of $2.87. 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 posted its earnings results on Monday, August 10th. The company reported ($0.05) earnings per share 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 firm had revenue of $83.40 million for the quarter, compared to the consensus estimate of $90.72 million.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds have recently bought and sold shares of OPAL. Zions Bancorporation National Association UT purchased a new position in OPAL Fuels in the 4th quarter worth approximately $27,000. Mariner LLC bought a new stake in shares of OPAL Fuels during the 4th quarter worth $27,000. Engineers Gate Manager LP purchased a new position in OPAL Fuels in the second quarter worth $27,000. Intech Investment Management LLC bought a new position in OPAL Fuels in the second quarter valued at $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OPAL Fuels during the second quarter worth about $28,000. 12.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OPAL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of OPAL Fuels in a research note 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.com, the company currently has a consensus rating of “Sell” and a consensus 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.