OPAL Fuels (NASDAQ:OPAL) Releases Earnings Results, Misses Estimates By $0.13 EPS

Key Points

• OPAL Fuels missed quarterly expectations: The company reported a loss of $0.05 per share, $0.13 below the consensus estimate, while revenue of $83.40 million came in below analysts’ $90.72 million forecast.
• Analyst sentiment remains negative: OPAL Fuels has a consensus rating of “Sell” from three analysts, with an average price target of $2.40.
• Insiders and institutional investors have been buying: An OPAL Fuels director purchased 50,000 shares, while insiders bought 72,292 shares over the past 90 days; institutional ownership stands at 12.16%.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.13), FiscalAI reports. The company had revenue of $83.40 million for the quarter, compared to analyst estimates of $90.72 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.

OPAL Fuels Stock Performance

NASDAQ OPAL opened at $2.33 on Monday. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. The company has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $2.23. OPAL Fuels has a one year low of $1.65 and a one year high of $2.87. The firm has a market capitalization of $404.02 million, a PE ratio of 33.29 and a beta of 0.76.

Insider Transactions at OPAL Fuels

In related news, Director Scott Mcdougald Sutton acquired 50,000 shares of OPAL Fuels stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the transaction, the director directly owned 50,000 shares of the company's stock, valued at $97,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 72,292 shares of company stock worth $142,845. Insiders own 85.69% of the company's stock.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of OPAL Fuels by 77.2% in the 4th 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 period. Vanguard Group Inc. lifted its position in shares of OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company's stock valued at $2,549,000 after acquiring an additional 11,488 shares in the last quarter. Yaupon Capital Management LP lifted its holdings in shares of OPAL Fuels by 3.4% in the fourth quarter. Yaupon Capital Management LP now owns 767,234 shares of the company's stock valued at $1,807,000 after purchasing an additional 25,459 shares in the last quarter. Geode Capital Management LLC lifted its stake in OPAL Fuels by 91.5% in the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock worth $1,233,000 after acquiring an additional 243,399 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in OPAL Fuels by 15.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company's stock valued at $743,000 after acquiring an additional 41,056 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of OPAL Fuels from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of OPAL Fuels from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 1st. Finally, Zacks Research raised OPAL Fuels from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, OPAL Fuels presently has a consensus rating of "Sell" and an average 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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