OPAL Fuels (NASDAQ:OPAL) CEO Adam Comora Purchases 18,256 Shares

Key Points

• Adam Comora, CEO of OPAL Fuels, purchased 18,256 shares of the company at an average of $2.32 per share, increasing his ownership by 7.73% and bringing his total shareholding to 254,517 shares.
• OPAL Fuels' stock recently traded down 1.7% to $2.25, with a market capitalization of approximately $390.15 million and a P/E ratio of 37.50.
• Analysts have downgraded OPAL Fuels from "strong-buy" to "hold," with target prices being reduced, indicating a cautious outlook on the company's future performance.

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora acquired 18,256 shares of the company's stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $2.32 per share, for a total transaction of $42,353.92. Following the completion of the acquisition, the chief executive officer owned 254,517 shares of the company's stock, valued at $590,479.44. This trade represents a 7.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, August 15th, Adam Comora bought 21,744 shares of OPAL Fuels stock. The shares were acquired at an average cost of $2.30 per share, with a total value of $50,011.20.
• On Friday, June 13th, Adam Comora purchased 100 shares of OPAL Fuels stock. The stock was bought at an average cost of $3.10 per share, for a total transaction of $310.00.
• On Thursday, June 12th, Adam Comora purchased 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 acquired 5,400 shares of OPAL Fuels stock. The shares were bought at an average price of $3.08 per share, with a total value of $16,632.00.

OPAL Fuels Price Performance

Shares of NASDAQ OPAL traded up $0.01 during trading on Friday, hitting $2.29. The company had a trading volume of 168,543 shares, compared to its average volume of 119,223. OPAL Fuels Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $4.11. The stock has a fifty day simple moving average of $2.53 and a two-hundred day simple moving average of $2.38. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 5.06. The firm has a market capitalization of $397.07 million, a price-to-earnings ratio of 38.17 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.03 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 firm had revenue of $80.46 million for the quarter, compared to analyst estimates of $88.75 million. On average, research analysts expect that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of OPAL. Engineers Gate Manager LP purchased a new position in OPAL Fuels during the second quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of OPAL Fuels in the 2nd quarter valued at approximately $28,000. Intech Investment Management LLC acquired a new stake in shares of OPAL Fuels during the 2nd quarter worth approximately $28,000. Shay Capital LLC purchased a new stake in shares of OPAL Fuels during the 2nd quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC acquired a new position in OPAL Fuels in the second quarter valued at approximately $46,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on OPAL. Johnson Rice cut shares of OPAL Fuels from a "strong-buy" rating to a "hold" rating and lowered their target price for the stock from $4.00 to $3.00 in a research note on Tuesday, July 22nd. UBS Group lowered shares of OPAL Fuels from a "strong-buy" rating to a "hold" rating and lowered their price target for the stock from $3.50 to $2.75 in a research report on Wednesday, July 23rd. The Goldman Sachs Group upped their price objective on shares of OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a report on Saturday, August 16th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $2.81.

About OPAL Fuels

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.