OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar Buys 5,000 Shares

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar acquired 5,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of $2.87 per share, for a total transaction of $14,350.00. Following the transaction, the director now directly owns 131,712 shares of the company's stock, valued at approximately $378,013.44. This trade represents a 3.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Nadeem Nisar also recently made the following trade(s):

• On Thursday, May 22nd, Nadeem Nisar bought 10,000 shares of OPAL Fuels stock. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $25,400.00.

OPAL Fuels Stock Performance

NASDAQ:OPAL traded down $0.12 during mid-day trading on Friday, reaching $3.58. The stock had a trading volume of 284,433 shares, compared to its average volume of 132,753. The firm has a market capitalization of $618.73 million, a price-to-earnings ratio of 19.89 and a beta of 0.69. OPAL Fuels Inc. has a twelve month low of $1.26 and a twelve month high of $4.92. The business has a 50 day simple moving average of $1.96 and a 200 day simple moving average of $2.70.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.63). OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. The firm had revenue of $85.41 million during the quarter, compared to analyst estimates of $85.08 million. As a group, sell-side analysts expect that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently bought and sold shares of OPAL. Squarepoint Ops LLC increased its stake in OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock valued at $108,000 after purchasing an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock valued at $119,000 after purchasing an additional 25,000 shares in the last quarter. Jane Street Group LLC purchased a new position in OPAL Fuels in the 4th quarter valued at approximately $238,000. Goldman Sachs Group Inc. increased its stake in OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock valued at $374,000 after purchasing an additional 28,374 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in OPAL Fuels in the 4th quarter valued at approximately $389,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on OPAL. The Goldman Sachs Group increased their target price on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a report on Monday, May 12th. Scotiabank decreased their price objective on shares of OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, UBS Group decreased their target price on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research note on Monday, March 17th.

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.