OPAL Fuels Inc. (NASDAQ:OPAL) Director Buys $31,700.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were bought at an average price of $3.17 per share, with a total value of $31,700.00. Following the completion of the acquisition, the director now directly owns 141,712 shares in the company, valued at $449,227.04. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, May 23rd, Nadeem Nisar acquired 5,000 shares of OPAL Fuels stock. The stock was acquired at an average price of $2.87 per share, for a total transaction of $14,350.00.
• On Thursday, May 22nd, Nadeem Nisar bought 10,000 shares of OPAL Fuels stock. The stock was bought at an average cost of $2.54 per share, for a total transaction of $25,400.00.

OPAL Fuels Trading Up 0.6%

Shares of NASDAQ:OPAL opened at $3.23 on Wednesday. The stock has a 50 day moving average of $2.34 and a 200 day moving average of $2.65. The company has a market cap of $559.99 million, a PE ratio of 161.50 and a beta of 1.22. OPAL Fuels Inc. has a 12-month low of $1.26 and a 12-month high of $4.45. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 5.06.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.63). The firm had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $85.08 million. OPAL Fuels had a negative net margin of 0.24% and a negative return on equity of 1.84%. As a group, equities research analysts expect that OPAL Fuels Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on OPAL. Scotiabank cut their target price on shares of OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group boosted their price objective on shares of OPAL Fuels from $1.75 to $2.00 and gave the company a “sell” rating in a research report on Monday, May 12th. Finally, UBS Group decreased their target price on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, March 17th.

Institutional Investors Weigh In On OPAL Fuels

A number of institutional investors have recently bought and sold shares of the business. Invesco Ltd. lifted its position in shares of OPAL Fuels by 22.5% in the fourth quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after acquiring an additional 265,762 shares in the last quarter. Jane Street Group LLC bought a new position in OPAL Fuels in the 4th quarter worth approximately $238,000. Squarepoint Ops LLC lifted its holdings in shares of OPAL Fuels by 20.2% in the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after buying an additional 5,377 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of OPAL Fuels by 28.9% during the fourth quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock worth $1,708,000 after acquiring an additional 113,034 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in OPAL Fuels during the fourth quarter valued at $389,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.