Adam Comora Acquires 50,000 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora acquired 50,000 shares of OPAL Fuels stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $1.93 per share, with a total value of $96,500.00. Following the completion of the acquisition, the chief executive officer directly owned 489,626 shares of the company’s stock, valued at approximately $944,978.18. The trade was a 11.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

OPAL Fuels Trading Down 0.5%

OPAL opened at $1.98 on Friday. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $2.87. The firm has a market capitalization of $343.33 million, a PE ratio of -197.80 and a beta of 0.74. The company’s 50-day moving average is $2.22 and its 200 day moving average is $2.20.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $83.40 million during the quarter, compared to the consensus estimate of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Institutional Investors Weigh In On OPAL Fuels

Several institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Zions Bancorporation National Association UT purchased a new position in shares of OPAL Fuels in the 4th quarter worth approximately $27,000. Mariner LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter valued at approximately $27,000. Engineers Gate Manager LP purchased a new stake in shares of OPAL Fuels during the second quarter valued at approximately $27,000. Intech Investment Management LLC bought a new stake in OPAL Fuels during the second quarter worth $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OPAL Fuels during the second quarter worth $28,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Wall Street Analysts Forecast Growth

OPAL has been the subject of several recent research reports. Wall Street Zen upgraded OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a research note on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $2.40.

About OPAL Fuels

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.