OPAL Fuels (NASDAQ:OPAL) Director Purchases $19,800.00 in Stock

Key Points

• Director Nadeem Nisar purchased 10,000 OPAL Fuels shares at an average price of $1.98, investing $19,800 and increasing his position by 4.04% to 257,785 shares.
• OPAL Fuels traded near $1.99, close to its one-year low, while its latest quarterly results missed expectations: a loss of $0.05 per share versus the projected $0.08 profit and revenue of $83.4 million versus $90.72 million expected.
• Analyst sentiment remains negative, with the stock holding an average “Sell” rating and a $2.40 price target, despite some firms upgrading their views to “Hold.”

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar acquired 10,000 shares of OPAL Fuels stock in a transaction on Monday, August 31st. The shares were bought at an average price of $1.98 per share, with a total value of $19,800.00. Following the purchase, the director directly owned 257,785 shares in the company, valued at approximately $510,414.30. The trade was a 4.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

OPAL Fuels Stock Performance

NASDAQ OPAL traded up $0.06 during mid-day trading on Wednesday, reaching $1.99. 236,317 shares of the stock were exchanged, compared to its average volume of 237,102. The company has a market capitalization of $345.07 million, a P/E ratio of -198.80 and a beta of 0.74. 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 business's 50 day moving average is $2.22 and its 200-day moving average is $2.20. OPAL Fuels Inc. has a 1 year low of $1.65 and a 1 year high of $2.87.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced 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 business had revenue of $83.40 million for the quarter, compared to analysts' expectations of $90.72 million.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised OPAL Fuels from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research raised shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Finally, 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. According to MarketBeat.com, the stock has an average rating of "Sell" and an average target price of $2.40.

Institutional Trading of OPAL Fuels

Large investors have recently made changes to their positions in the company. Invesco Ltd. lifted its stake in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock worth $12,261,000 after acquiring an additional 2,268,741 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new stake in shares of OPAL Fuels in the 4th quarter valued at $742,000. Geode Capital Management LLC lifted its position in shares of OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock worth $1,233,000 after purchasing an additional 243,399 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of OPAL Fuels during the 1st quarter worth $554,000. Finally, Jane Street Group LLC acquired a new position in shares of OPAL Fuels during the second quarter worth $107,000. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

OPAL Fuels Company Profile

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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