OPAL Fuels (NASDAQ:OPAL) Releases Quarterly Earnings Results, Misses Estimates By $0.13 EPS

OPAL Fuels (NASDAQ:OPAL) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.13), FiscalAI reports. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The company had revenue of $83.40 million during the quarter, compared to analyst estimates of $90.72 million.

OPAL Fuels Price Performance

Shares of NASDAQ:OPAL opened at $2.33 on Monday. The business has a 50 day moving average price of $2.16 and a 200 day moving average price of $2.23. The company has a market cap of $404.02 million, a price-to-earnings ratio of 33.29 and a beta of 0.76. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21. OPAL Fuels has a twelve month low of $1.65 and a twelve month high of $2.87.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OPAL shares. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen upgraded OPAL Fuels from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Sell” and an average price target of $2.40.

Insider Buying and Selling at OPAL Fuels

In other news, Director Scott Mcdougald Sutton acquired 50,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately $97,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders purchased 72,292 shares of company stock worth $142,845. 85.69% of the stock is currently owned by company insiders.

Institutional Trading of OPAL Fuels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Invesco Ltd. grew its position in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company’s stock valued at $12,261,000 after acquiring an additional 2,268,741 shares during the period. Geode Capital Management LLC lifted its position in OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after buying an additional 243,399 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of OPAL Fuels during the second quarter valued at approximately $107,000. Goldman Sachs Group Inc. raised its position in shares of OPAL Fuels by 15.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock worth $743,000 after acquiring an additional 41,056 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in OPAL Fuels in the second quarter valued at approximately $93,000. Institutional investors 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.