Key Points
- CEO Adam Comora purchased 50,000 OPAL Fuels shares at an average price of $1.93, investing $96,500 and increasing his holdings by 11.37% to 489,626 shares.
- OPAL Fuels reported weaker-than-expected quarterly results, with an adjusted loss of $0.05 per share versus analysts’ expected $0.08 profit and revenue of $83.4 million versus the $90.72 million consensus.
- Analyst sentiment remains cautious: the stock carries a consensus “Sell” rating from MarketBeat, with an average price target of $2.40; shares recently opened at $1.99.
OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar bought 10,000 shares of the firm's stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $1.98 per share, with a total value of $19,800.00. Following the completion of the transaction, the director owned 257,785 shares of the company's stock, valued at approximately $510,414.30. The trade was a 4.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
OPAL Fuels Stock Up 3.1%
Shares of OPAL opened at $1.99 on Thursday. The firm has a fifty day moving average price of $2.22 and a 200-day moving average price of $2.20. 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 $345.07 million, a P/E ratio of -198.80 and a beta of 0.74. OPAL Fuels Inc. has a 12-month low of $1.65 and a 12-month high of $2.87.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.13). The firm 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%.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on OPAL. Weiss Ratings reissued a "sell (d+)" rating on shares of OPAL Fuels in a research report on Friday, August 7th. Wall Street Zen raised shares of OPAL Fuels from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Sell" and a consensus target price of $2.40.
Get Our Latest Stock Analysis on OPAL Fuels
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock worth $12,261,000 after acquiring an additional 2,268,741 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of OPAL Fuels during the fourth quarter worth about $742,000. Geode Capital Management LLC increased its holdings in shares of OPAL Fuels by 91.5% during the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock valued at $1,233,000 after acquiring an additional 243,399 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of OPAL Fuels during the first quarter valued at about $554,000. Finally, Jane Street Group LLC purchased a new position in shares of OPAL Fuels in the 2nd quarter valued at approximately $107,000. 12.16% of the stock is owned by institutional investors and hedge funds.
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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