Insider Buying: OPAL Fuels Inc. (NASDAQ:OPAL) Director Purchases 5,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $2.87 per share, for a total transaction of $14,350.00. Following the acquisition, the director now owns 131,712 shares in the company, valued at approximately $378,013.44. The trade was a 3.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nadeem Nisar also recently made the following trade(s):

• On Thursday, May 22nd, Nadeem Nisar purchased 10,000 shares of OPAL Fuels stock. The stock was bought at an average cost of $2.54 per share, for a total transaction of $25,400.00.

OPAL Fuels Trading Down 2.6%

Shares of NASDAQ OPAL opened at $3.70 on Friday. The company has a market cap of $639.47 million, a price-to-earnings ratio of 20.56 and a beta of 0.69. OPAL Fuels Inc. has a 12-month low of $1.26 and a 12-month high of $4.99. The stock’s 50 day simple moving average is $1.93 and its 200 day simple moving average is $2.70.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.63). The business had revenue of $85.41 million for the quarter, compared to the consensus estimate of $85.08 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. As a group, equities analysts forecast that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on OPAL shares. Scotiabank cut their price target on OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group raised their price target on OPAL Fuels from $1.75 to $2.00 and gave the stock a “sell” rating in a report on Monday, May 12th. Finally, UBS Group cut their price target on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, March 17th.

Institutional Trading of OPAL Fuels

Several hedge funds have recently added to or reduced their stakes in OPAL. Invesco Ltd. raised its stake in OPAL Fuels by 40.0% during the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after acquiring an additional 578,209 shares in the last quarter. SCS Capital Management LLC bought a new stake in OPAL Fuels during the 1st quarter valued at $683,000. Marshall Wace LLP bought a new stake in OPAL Fuels during the 4th quarter valued at $389,000. Russell Investments Group Ltd. raised its stake in OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock valued at $1,708,000 after acquiring an additional 113,034 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in OPAL Fuels during the 4th quarter valued at $238,000. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.