Key Points
- CEO Adam Comora bought 20,000 OPAL Fuels shares at an average price of $2.08, investing $41,600 and increasing his direct holdings by 4.08% to 509,626 shares. He also bought 50,000 shares earlier in the week.
- OPAL Fuels reported weaker-than-expected quarterly results, with a $0.05 loss per share versus analysts’ expected $0.08 profit and revenue of $83.4 million versus the $90.72 million consensus estimate.
- Analyst sentiment remains cautious: OPAL has an average “Sell” rating from three analysts, with a $2.40 consensus price target. The stock opened at $1.92, compared with a 12-month range of $1.65 to $2.87.
OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora bought 20,000 shares of OPAL Fuels stock in a transaction dated Thursday, September 3rd. The stock was purchased at an average price of $2.08 per share, for a total transaction of $41,600.00. Following the purchase, the chief executive officer directly owned 509,626 shares in the company, valued at $1,060,022.08. This represents a 4.08% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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 purchased at an average price of $1.93 per share, with a total value of $96,500.00.
OPAL Fuels Price Performance
NASDAQ:OPAL opened at $1.92 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 1.82 and a debt-to-equity ratio of 10.89. The firm has a market cap of $332.93 million, a PE ratio of -191.81 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. The company's 50-day moving average price is $2.20 and its two-hundred day moving average price is $2.20.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 0.65% and a return on equity of 15.54%.
Analyst Upgrades and Downgrades
OPAL has been the topic of a number of recent analyst reports. Wall Street Zen raised OPAL Fuels from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Weiss Ratings reiterated a "sell (d+)" rating on shares of OPAL Fuels in a research report on Friday, August 7th. One equities research 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 stock currently has an average rating of "Sell" and a consensus target price of $2.40.
Check Out Our Latest Stock Report on OPAL
Institutional Trading of OPAL Fuels
A number of institutional investors and hedge funds have recently modified their holdings of OPAL. Invesco Ltd. raised its position in shares of OPAL Fuels by 77.2% in the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock valued at $12,261,000 after acquiring an additional 2,268,741 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in OPAL Fuels during the fourth quarter valued at approximately $742,000. Geode Capital Management LLC grew its holdings in 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 purchasing an additional 243,399 shares during the period. Inspire Investing LLC bought a new stake in OPAL Fuels in the first quarter valued at approximately $554,000. Finally, Jane Street Group LLC acquired a new stake in OPAL Fuels in the second quarter worth $107,000. 12.16% of the stock is owned by institutional investors.
OPAL Fuels Company Profile
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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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