Insider Buying: OPAL Fuels (NASDAQ:OPAL) Director Purchases 10,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar bought 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $2.05 per share, for a total transaction of $20,500.00. Following the transaction, the director owned 217,785 shares in the company, valued at approximately $446,459.25. This represents a 4.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OPAL Fuels Stock Performance

NASDAQ:OPAL traded up $0.04 during trading on Monday, reaching $1.98. The company’s stock had a trading volume of 223,093 shares, compared to its average volume of 220,231. OPAL Fuels Inc. has a 12 month low of $1.65 and a 12 month high of $4.08. The firm has a market cap of $343.33 million, a price-to-earnings ratio of 28.29 and a beta of 0.76. The firm has a 50 day moving average of $2.30 and a 200-day moving average of $2.33. 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 (NASDAQ:OPAL) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). The company had revenue of $73.38 million during the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%. Research analysts expect that OPAL Fuels Inc. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group boosted their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research note on Tuesday, March 17th. Wall Street Zen cut shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a research note on Saturday. Finally, Weiss Ratings cut shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.72.

Institutional Investors Weigh In On OPAL Fuels

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock worth $2,549,000 after acquiring an additional 11,488 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of OPAL Fuels in the 2nd quarter worth approximately $46,000. Shay Capital LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter worth approximately $34,000. Engineers Gate Manager LP bought a new stake in shares of OPAL Fuels in the 2nd quarter worth approximately $27,000. Finally, Bank of America Corp DE lifted its holdings in shares of OPAL Fuels by 7,828.4% in the 2nd quarter. Bank of America Corp DE now owns 23,468 shares of the company’s stock worth $57,000 after acquiring an additional 23,172 shares during 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.