OPAL Fuels (NASDAQ:OPAL) Director Scott Dols Purchases 7,946 Shares

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Dols acquired 7,946 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average price of $2.00 per share, with a total value of $15,892.00. Following the completion of the acquisition, the director directly owned 245,672 shares of the company’s stock, valued at approximately $491,344. This represents a 3.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock traded up $0.04 on Thursday, hitting $2.01. The company had a trading volume of 206,619 shares, compared to its average volume of 220,092. The business has a 50-day simple moving average of $2.29 and a 200-day simple moving average of $2.32. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. The company has a market cap of $348.53 million, a PE ratio of 28.72 and a beta of 0.76. OPAL Fuels Inc. has a 52 week low of $1.65 and a 52 week high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The business had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million. Research analysts expect that OPAL Fuels Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group increased their target price on shares of OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2.72.

Institutional Investors Weigh In On OPAL Fuels

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

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.