OPAL Fuels (NASDAQ:OPAL) CEO Buys $96,500.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora bought 50,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the transaction, the chief executive officer directly owned 489,626 shares of the company’s stock, valued at $944,978.18. This represents a 11.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

OPAL Fuels Stock Performance

NASDAQ:OPAL opened at $2.01 on Friday. 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 stock has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $2.20. The firm has a market capitalization of $348.53 million, a PE ratio of -200.80 and a beta of 0.74. OPAL Fuels Inc. has a 52-week low of $1.65 and a 52-week high of $2.87.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The company had revenue of $83.40 million during the quarter, compared to the consensus estimate of $90.72 million. OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OPAL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of OPAL Fuels in a research note on Friday, August 7th. Wall Street Zen upgraded shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Sell” and an average target price of $2.40.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT purchased a new stake in OPAL Fuels during the 4th quarter valued at approximately $27,000. Mariner LLC purchased a new position in shares of OPAL Fuels in the fourth quarter worth $27,000. Engineers Gate Manager LP purchased a new position in shares of OPAL Fuels in the second quarter worth $27,000. Intech Investment Management LLC bought a new position in shares of OPAL Fuels during the second quarter worth $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OPAL Fuels during the second quarter worth $28,000. 12.16% of the stock is 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.