OPAL Fuels (NASDAQ:OPAL) CEO Adam Comora Purchases 21,744 Shares

Key Points

• OPAL Fuels CEO Adam Comora purchased 21,744 shares of the company at $2.30 per share, increasing his total holdings to 236,261 shares, valued at approximately $543,400.30.
• The company's shares experienced a 1.7% decline in trading, reaching $2.25 with recent earnings showing a miss on EPS forecasts.
• Research firms have recently downgraded OPAL Fuels, with Wall Street Zen changing their rating from "hold" to "strong sell."

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora bought 21,744 shares of the stock in a transaction dated Friday, August 15th. The shares were purchased at an average price of $2.30 per share, with a total value of $50,011.20. Following the completion of the transaction, the chief executive officer directly owned 236,261 shares in the company, valued at approximately $543,400.30. The trade was a 10.14% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 18th, Adam Comora purchased 18,256 shares of OPAL Fuels stock. The stock was acquired at an average price of $2.32 per share, for a total transaction of $42,353.92.
• On Friday, June 13th, Adam Comora purchased 100 shares of OPAL Fuels stock. The shares were acquired at an average cost of $3.10 per share, for a total transaction of $310.00.
• On Thursday, June 12th, Adam Comora acquired 2,600 shares of OPAL Fuels stock. The stock was bought at an average cost of $3.06 per share, with a total value of $7,956.00.
• On Wednesday, June 11th, Adam Comora bought 5,400 shares of OPAL Fuels stock. The stock was purchased at an average price of $3.08 per share, with a total value of $16,632.00.

OPAL Fuels Trading Up 0.4%

Shares of NASDAQ:OPAL traded up $0.01 during trading hours on Friday, hitting $2.29. 168,543 shares of the company's stock traded hands, compared to its average volume of 119,223. The business has a fifty day moving average price of $2.53 and a 200-day moving average price of $2.38. OPAL Fuels Inc. has a 1 year low of $1.26 and a 1 year high of $4.11. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a market capitalization of $397.07 million, a P/E ratio of 38.17 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.10). OPAL Fuels had a negative net margin of 0.74% and a negative return on equity of 1.84%. The company had revenue of $80.46 million for the quarter, compared to analysts' expectations of $88.75 million. Equities analysts expect that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OPAL shares. The Goldman Sachs Group raised their price target on shares of OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a report on Monday, May 12th. Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. Johnson Rice lowered OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their target price for the stock from $4.00 to $3.00 in a research note on Tuesday, July 22nd. Finally, UBS Group downgraded OPAL Fuels from a "strong-buy" rating to a "hold" rating and dropped their price target for the company from $3.50 to $2.75 in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $2.81.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of OPAL Fuels by 40.0% during the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company's stock valued at $3,726,000 after buying an additional 578,209 shares during the last quarter. SCS Capital Management LLC purchased a new stake in shares of OPAL Fuels in the first quarter worth about $683,000. Geode Capital Management LLC lifted its holdings in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock valued at $1,233,000 after acquiring an additional 243,399 shares during the period. Rockefeller Capital Management L.P. purchased a new stake in OPAL Fuels in the 2nd quarter worth approximately $585,000. Finally, Marshall Wace LLP acquired a new stake in shares of OPAL Fuels during the 4th quarter worth approximately $389,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.