Key Points
- OPAL Fuels director Nadeem Nisar bought 10,000 shares on May 14 at an average price of $2.05, spending $20,500. After the purchase, he owned 217,785 shares, a 4.81% increase in his position.
- The company recently reported mixed quarterly results, with earnings of -$0.09 per share versus expectations for a profit and revenue of $73.38 million, below analyst estimates of $93.87 million.
- Wall Street sentiment remains cautious: analysts currently rate OPAL Fuels a Reduce on average, with an average price target of $2.72, while recent downgrades and sell ratings reflect ongoing concerns.
OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar bought 10,000 shares of OPAL Fuels stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $2.05 per share, for a total transaction of $20,500.00. Following the acquisition, the director directly owned 217,785 shares in the company, valued at approximately $446,459.25. This represents a 4.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
OPAL Fuels Stock Performance
NASDAQ:OPAL opened at $1.98 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. The firm has a market capitalization of $343.33 million, a price-to-earnings ratio of 28.29 and a beta of 0.76. The firm's fifty day simple moving average is $2.29 and its 200 day simple moving average is $2.32. OPAL Fuels Inc. has a twelve month low of $1.65 and a twelve month high of $4.08.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. As a group, equities research analysts expect that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On OPAL Fuels
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPAL. Goldman Sachs Group Inc. increased its stake in OPAL Fuels by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock worth $374,000 after buying an additional 28,374 shares during the period. Geode Capital Management LLC increased its stake in OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock worth $1,233,000 after buying an additional 243,399 shares during the period. Intech Investment Management LLC purchased a new stake in OPAL Fuels during the 2nd quarter worth $28,000. New York State Common Retirement Fund purchased a new stake in OPAL Fuels during the 2nd quarter worth $93,000. Finally, Walleye Capital LLC purchased a new stake in OPAL Fuels during the 2nd quarter worth $64,000. Hedge funds and other institutional investors own 12.16% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of OPAL Fuels from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, May 13th. The Goldman Sachs Group lifted their price target on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a "sell" rating in a research note on Tuesday, March 17th. Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a research note on Saturday. Finally, Zacks Research raised shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $2.72.
View Our Latest Research Report on OPAL Fuels
About OPAL Fuels
(
Get Free Report)
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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