OPAL Fuels (NASDAQ:OPAL) CEO Adam Comora Purchases 50,000 Shares

Key Points

• CEO Adam Comora purchased 50,000 OPAL Fuels shares at an average price of $1.93, investing $96,500 and increasing his ownership by 11.37% to 489,626 shares.
• OPAL Fuels shares rose 3.1% to $1.99, but the company recently reported a quarterly loss of $0.05 per share and revenue of $83.4 million, both below analyst expectations.
• Analysts maintain a generally negative outlook, with a consensus “Sell” rating and a $2.40 price target; institutional investors own 12.16% of the stock.

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora bought 50,000 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average cost of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the purchase, the chief executive officer owned 489,626 shares in the company, valued at $944,978.18. This trade represents a 11.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

OPAL Fuels Stock Up 3.1%

Shares of NASDAQ:OPAL traded up $0.06 during trading on Wednesday, hitting $1.99. The company's stock had a trading volume of 236,317 shares, compared to its average volume of 237,102. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $2.87. The business has a 50 day moving average price of $2.22 and a two-hundred day moving average price of $2.20. The company has a debt-to-equity ratio of 10.89, a quick ratio of 1.68 and a current ratio of 1.82. The company has a market capitalization of $345.07 million, a PE ratio of -198.80 and a beta of 0.74.

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

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new position in shares of OPAL Fuels in the fourth quarter valued at approximately $27,000. Mariner LLC acquired a new position in OPAL Fuels in the 4th quarter valued at $27,000. Engineers Gate Manager LP acquired a new position in OPAL Fuels in the 2nd quarter valued at $27,000. Intech Investment Management LLC purchased a new position in OPAL Fuels during the 2nd quarter worth $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in OPAL Fuels during the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 12.16% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on OPAL. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of OPAL Fuels in a report on Friday, August 7th. Wall Street Zen upgraded shares of OPAL Fuels from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Finally, Zacks Research raised shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, OPAL Fuels currently has a consensus rating of "Sell" and a consensus price target of $2.40.

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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