Adam Comora Buys 21,744 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

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 on Friday, August 15th. The stock was acquired at an average price of $2.30 per share, with a total value of $50,011.20. Following the completion of the acquisition, the chief executive officer owned 236,261 shares of the company's stock, valued at $543,400.30. This represents a 10.14% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

OPAL Fuels Stock Down 1.7%

Shares of NASDAQ OPAL traded down $0.04 during trading on Tuesday, hitting $2.25. 110,884 shares of the company traded hands, compared to its average volume of 183,843. The firm has a market capitalization of $390.15 million, a price-to-earnings ratio of 37.50 and a beta of 1.08. The business's fifty day moving average is $2.60 and its 200 day moving average is $2.40. The company has a debt-to-equity ratio of 5.06, a quick ratio of 1.12 and a current ratio of 1.26. OPAL Fuels Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $4.11.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $80.46 million during the quarter, compared to analyst estimates of $88.75 million. Equities research analysts predict that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OPAL. Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a research report on Saturday. UBS Group lowered OPAL Fuels from a "strong-buy" rating to a "hold" rating and decreased their price objective for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Johnson Rice lowered OPAL Fuels from a "strong-buy" rating to a "hold" rating and dropped their target price for the company from $4.00 to $3.00 in a report on Tuesday, July 22nd. Finally, The Goldman Sachs Group lifted their target price on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, OPAL Fuels currently has an average rating of "Reduce" and a consensus target price of $2.81.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of OPAL. Engineers Gate Manager LP purchased a new stake in shares of OPAL Fuels during the second quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OPAL Fuels in the 2nd quarter valued at $28,000. Intech Investment Management LLC purchased a new stake in shares of OPAL Fuels during the 2nd quarter valued at $28,000. Shay Capital LLC purchased a new stake in shares of OPAL Fuels during the 2nd quarter valued at $34,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of OPAL Fuels during the 2nd quarter worth $46,000. Hedge funds and other institutional investors 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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