Scott Dols Purchases 7,946 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Dols bought 7,946 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $2.00 per share, with a total value of $15,892.00. Following the transaction, the director owned 245,672 shares in the company, valued at $491,344. The trade was a 3.34% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

OPAL Fuels Stock Performance

NASDAQ OPAL traded up $0.04 on Thursday, hitting $2.01. The stock had a trading volume of 206,619 shares, compared to its average volume of 220,092. OPAL Fuels Inc. has a one year low of $1.65 and a one year high of $4.08. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21. The stock has a market cap of $348.53 million, a price-to-earnings ratio of 28.72 and a beta of 0.76. The company’s 50-day moving average is $2.29 and its two-hundred day moving average is $2.32.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The firm had revenue of $73.38 million during the quarter, compared to the consensus estimate of $93.87 million. On average, analysts expect that OPAL Fuels Inc. will post -0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OPAL has been the subject of several recent analyst reports. The Goldman Sachs Group upped their target price on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $2.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of OPAL Fuels in the first quarter valued at approximately $29,000. Bank of New York Mellon Corp boosted its holdings in shares of OPAL Fuels by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after acquiring an additional 6,548 shares in the last quarter. Inspire Investing LLC bought a new position in shares of OPAL Fuels in the first quarter valued at approximately $554,000. J. Derek Lewis & Associates Inc. bought a new position in shares of OPAL Fuels in the fourth quarter valued at approximately $742,000. Finally, Virtu Financial LLC boosted its holdings in shares of OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock valued at $73,000 after acquiring an additional 8,719 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors.

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.