OPAL Fuels (NASDAQ:OPAL) Director Nadeem Nisar Purchases 10,000 Shares

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar bought 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $2.05 per share, with a total value of $20,500.00. Following the completion of the purchase, the director directly owned 217,785 shares in the company, valued at $446,459.25. This trade represents a 4.81% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OPAL Fuels Stock Up 2.1%

OPAL stock opened at $1.98 on Tuesday. The stock has a market capitalization of $343.33 million, a P/E ratio of 28.29 and a beta of 0.76. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. OPAL Fuels Inc. has a one year low of $1.65 and a one year high of $4.08. The company has a 50 day moving average price of $2.29 and a two-hundred day moving average price of $2.32.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Monday, May 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). The firm had revenue of $73.38 million during the quarter, compared to analysts’ expectations of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%. As a group, sell-side analysts expect that OPAL Fuels Inc. will post -0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. The Goldman Sachs Group lifted their target price 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. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a report on Saturday. Finally, Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $2.72.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds have recently made changes to their positions in OPAL. Goldman Sachs Group Inc. boosted its holdings in shares of OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock valued at $374,000 after purchasing an additional 28,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 during the last quarter. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at $28,000. New York State Common Retirement Fund acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at $93,000. Finally, Walleye Capital LLC acquired a new position in shares of OPAL Fuels during the 2nd quarter valued at $64,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.