Adam Comora Acquires 5,400 Shares of OPAL Fuels Inc. (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora purchased 5,400 shares of OPAL Fuels stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $3.08 per share, with a total value of $16,632.00. Following the completion of the acquisition, the chief executive officer now owns 211,817 shares in the company, valued at approximately $652,396.36. This trade represents a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Adam Comora also recently made the following trade(s):

• On Friday, June 13th, Adam Comora acquired 100 shares of OPAL Fuels stock. The shares were bought at an average cost of $3.10 per share, with a total value of $310.00.
• On Thursday, June 12th, Adam Comora bought 2,600 shares of OPAL Fuels stock. The shares were purchased at an average cost of $3.06 per share, for a total transaction of $7,956.00.

OPAL Fuels Trading Up 3.5%

NASDAQ OPAL traded up $0.11 on Monday, reaching $3.21. The company's stock had a trading volume of 141,837 shares, compared to its average volume of 135,846. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.53. The firm has a market cap of $556.52 million, a PE ratio of 17.83 and a beta of 1.22. The business has a 50-day moving average price of $2.27 and a 200 day moving average price of $2.65.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.63). The company had revenue of $85.41 million for the quarter, compared to analyst estimates of $85.08 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. Analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group upped their price target on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a report on Monday, May 12th. UBS Group cut their target price on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research note on Monday, March 17th. Finally, Scotiabank reduced their target price on OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating for the company in a research report on Friday, April 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of OPAL Fuels by 40.0% during the first quarter. Invesco Ltd. now owns 2,024,745 shares of the company's stock worth $3,726,000 after purchasing an additional 578,209 shares in the last quarter. SCS Capital Management LLC acquired a new position in OPAL Fuels during the 1st quarter worth $683,000. Marshall Wace LLP bought a new position in OPAL Fuels in the 4th quarter valued at $389,000. Russell Investments Group Ltd. increased its stake in shares of OPAL Fuels by 28.9% in the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock valued at $1,708,000 after buying an additional 113,034 shares during the period. Finally, Inspire Investing LLC increased its stake in shares of OPAL Fuels by 64.2% in the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company's stock valued at $359,000 after buying an additional 76,267 shares during the period. Institutional investors and hedge funds own 12.16% of the company's stock.

OPAL Fuels Company Profile

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.

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