OPAL Fuels Inc. (NASDAQ:OPAL) Director Acquires $14,350.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar acquired 5,000 shares of OPAL Fuels stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $2.87 per share, for a total transaction of $14,350.00. Following the completion of the acquisition, the director now directly owns 131,712 shares in the company, valued at approximately $378,013.44. This represents a 3.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

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

OPAL Fuels Trading Down 3.2%

NASDAQ:OPAL traded down $0.12 during midday trading on Friday, hitting $3.58. 284,433 shares of the company were exchanged, compared to its average volume of 133,000. The company has a fifty day simple moving average of $1.96 and a 200 day simple moving average of $2.69. OPAL Fuels Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $4.92. The company has a market capitalization of $620.67 million, a PE ratio of 19.89 and a beta of 0.69.

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OPAL. UBS Group reduced their price objective on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a report on Monday, March 17th. Scotiabank cut their price target on shares of OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group lifted 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.

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.