OPAL Fuels (NASDAQ:OPAL) Shares Gap Up – Still a Buy?

OPAL Fuels Inc. (NASDAQ:OPAL)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.15, but opened at $3.28. OPAL Fuels shares last traded at $3.24, with a volume of 30,665 shares changing hands.

OPAL Fuels Stock Performance

The company’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.65. The company has a market cap of $558.24 million, a price-to-earnings ratio of 17.94 and a beta of 0.54.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The firm had revenue of $84.05 million for the quarter, compared to the consensus estimate of $88.80 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. During the same period in the prior year, the company posted ($0.01) earnings per share. As a group, analysts predict that OPAL Fuels Inc. will post 0.8 EPS for the current year.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently bought and sold shares of the business. Janus Henderson Group PLC raised its position in OPAL Fuels by 83.5% in the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after purchasing an additional 9,885 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of OPAL Fuels in the second quarter valued at $93,000. Marshall Wace LLP bought a new position in shares of OPAL Fuels in the second quarter valued at about $389,000. GSA Capital Partners LLP raised its holdings in shares of OPAL Fuels by 69.3% in the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after buying an additional 39,325 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in OPAL Fuels during the 3rd quarter worth about $430,000. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.