OPAL Fuels (NASDAQ:OPAL) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

OPAL Fuels (NASDAQ:OPAL) announced its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05), FiscalAI reports. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%. The company had revenue of $79.49 million during the quarter, compared to analyst estimates of $91.30 million.

OPAL Fuels Stock Performance

Shares of OPAL opened at $1.45 on Monday. The business’s 50 day moving average is $1.73 and its two-hundred day moving average is $2.11. OPAL Fuels has a 52-week low of $1.36 and a 52-week high of $2.87. The firm has a market cap of $253.40 million, a price-to-earnings ratio of -144.86 and a beta of 0.82. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89.

Analyst Upgrades and Downgrades

OPAL has been the subject of several analyst reports. Wall Street Zen downgraded OPAL Fuels from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of OPAL Fuels in a report on Wednesday. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, OPAL Fuels has a consensus rating of “Sell” and an average target price of $2.40.

Insider Buying and Selling at OPAL Fuels

In related news, CEO Adam Comora purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average price of $2.08 per share, with a total value of $41,600.00. Following the completion of the transaction, the chief executive officer owned 509,626 shares of the company’s stock, valued at $1,060,022.08. This represents a 4.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 80,000 shares of company stock worth $157,900 over the last three months. 85.69% of the stock is currently owned by company insiders.

About OPAL Fuels

OPAL Fuels Inc is a renewable energy company that develops and operates infrastructure for producing and using renewable natural gas (RNG). The company captures methane from landfills and other waste sources and processes it into pipeline-quality RNG, helping convert waste emissions into a usable energy resource.

Its activities include the development, construction, ownership and operation of landfill gas and RNG facilities, as well as the generation of renewable electricity. OPAL Fuels also supplies RNG for use as a transportation fuel and provides fueling infrastructure and related services for fleets, including heavy-duty vehicles.

The company serves customers primarily in the United States through a portfolio of waste-to-energy and renewable fuels projects.