Insider Buying: OPAL Fuels (NASDAQ:OPAL) CEO Purchases 18,256 Shares of Stock

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 purchased 18,256 shares of the firm's stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $2.32 per share, with a total value of $42,353.92. Following the transaction, the chief executive officer directly owned 254,517 shares in the company, valued at $590,479.44. This trade represents a 7.73% increase in their ownership of the stock. The purchase 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, August 15th, Adam Comora acquired 21,744 shares of OPAL Fuels stock. The stock was bought at an average price of $2.30 per share, for a total transaction of $50,011.20.
• 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 price of $3.06 per share, for a total transaction of $7,956.00.
• On Wednesday, June 11th, Adam Comora acquired 5,400 shares of OPAL Fuels stock. The shares were purchased 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 were exchanged, compared to its average volume of 183,843. The firm's 50 day moving average price is $2.60 and its 200-day moving average price is $2.40. The stock has a market capitalization of $390.15 million, a P/E ratio of 37.50 and a beta of 1.08. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.26 and a quick ratio of 1.12. OPAL Fuels Inc. has a 12-month low of $1.26 and a 12-month high of $4.11.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Johnson Rice cut OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their price target for the company from $4.00 to $3.00 in a report on Tuesday, July 22nd. UBS Group downgraded OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their target price for the company from $3.50 to $2.75 in a report on Wednesday, July 23rd. The Goldman Sachs Group upped their price target on shares of OPAL Fuels from $1.75 to $2.00 and gave the stock a "sell" rating in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded OPAL Fuels from a "hold" rating to a "strong sell" rating in a research report on Saturday. Three research 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 currently has an average rating of "Reduce" and a consensus target price of $2.81.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds have recently modified their holdings of OPAL. Engineers Gate Manager LP purchased a new stake in OPAL Fuels in the second quarter valued at approximately $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of 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 acquired a new stake in shares of OPAL Fuels during the 2nd quarter worth $46,000. 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.

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