OPAL Fuels (NASDAQ:OPAL) CEO Acquires 20,000 Shares

Key Points

• CEO insider buying: Adam Comora purchased 20,000 OPAL Fuels shares at an average price of $2.08, increasing his direct stake by 4.08% to 509,626 shares. He also bought 50,000 shares earlier in the week.
• Weak recent performance: OPAL shares traded at $1.92, while the company reported a quarterly loss of $0.05 per share and revenue of $83.4 million, both below analyst expectations.
• Analysts remain cautious: The stock carries a consensus “Sell” rating from three analysts, with an average price target of $2.40; institutional investors own 12.16% of the company.

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora bought 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were purchased at an average cost of $2.08 per share, for a total transaction of $41,600.00. Following the acquisition, the chief executive officer directly owned 509,626 shares in the company, valued at $1,060,022.08. This trade represents a 4.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 1st, Adam Comora purchased 50,000 shares of OPAL Fuels stock. The stock was purchased at an average cost of $1.93 per share, with a total value of $96,500.00.

OPAL Fuels Price Performance

NASDAQ:OPAL traded down $0.09 during trading hours on Tuesday, hitting $1.92. The stock had a trading volume of 386,148 shares, compared to its average volume of 237,751. The company has a 50 day simple moving average of $2.21 and a two-hundred day simple moving average of $2.20. The firm has a market capitalization of $332.93 million, a price-to-earnings ratio of -191.81 and a beta of 0.74. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68. OPAL Fuels Inc. has a one year low of $1.65 and a one year high of $2.87.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.13). OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%.The firm had revenue of $83.40 million during the quarter, compared to the consensus estimate of $90.72 million.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OPAL shares. Wall Street Zen raised OPAL Fuels from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings restated a "sell (d+)" rating on shares of OPAL Fuels in a research report on Friday, August 7th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell" and an average price target of $2.40.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently added to or reduced their stakes in OPAL. Invesco Ltd. raised its holdings in shares of OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock valued at $12,261,000 after buying an additional 2,268,741 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in OPAL Fuels in the fourth quarter worth approximately $742,000. Geode Capital Management LLC boosted its stake in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock worth $1,233,000 after buying an additional 243,399 shares in the last quarter. Inspire Investing LLC bought a new position in OPAL Fuels during the first quarter valued at approximately $554,000. Finally, Jane Street Group LLC bought a new position in OPAL Fuels during the second quarter valued at approximately $107,000. Hedge funds and other institutional investors own 12.16% of the company's stock.

About OPAL Fuels

OPAL Fuels NASDAQ: OPAL is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.

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