Insider Buying: OPAL Fuels (NASDAQ:OPAL) CEO Purchases $41,600.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora acquired 20,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was acquired at an average cost of $2.08 per share, with a total value of $41,600.00. Following the completion of the transaction, the chief executive officer owned 509,626 shares of the company’s stock, valued at approximately $1,060,022.08. The trade was a 4.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Adam Comora also recently made the following trade(s):

• On Tuesday, September 1st, Adam Comora bought 50,000 shares of OPAL Fuels stock. The shares were acquired at an average cost of $1.93 per share, for a total transaction of $96,500.00.

OPAL Fuels Stock Down 1.6%

OPAL stock opened at $1.82 on Friday. OPAL Fuels Inc. has a 1-year low of $1.65 and a 1-year high of $2.87. The business’s 50 day simple moving average is $2.19 and its 200 day simple moving average is $2.19. The company has a current ratio of 1.82, a quick ratio of 1.68 and a debt-to-equity ratio of 10.89. The firm has a market capitalization of $315.59 million, a PE ratio of -181.82 and a beta of 0.74.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd grew its stake in shares of OPAL Fuels by 439.3% in the second quarter. WINTON GROUP Ltd now owns 67,780 shares of the company’s stock valued at $149,000 after acquiring an additional 55,213 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in OPAL Fuels in the 1st quarter worth about $29,000. Bank of New York Mellon Corp raised its stake in OPAL Fuels by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock worth $105,000 after purchasing an additional 6,548 shares in the last quarter. Inspire Investing LLC bought a new stake in OPAL Fuels in the 1st quarter valued at about $554,000. Finally, J. Derek Lewis & Associates Inc. bought a new stake in OPAL Fuels in the 4th quarter valued at about $742,000. Institutional investors own 12.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OPAL. Weiss Ratings reiterated 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 report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Sell” and an average price target of $2.40.

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.