Insider Buying: OPAL Fuels (NASDAQ:OPAL) Director Purchases $20,500.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average cost of $2.05 per share, with a total value of $20,500.00. Following the purchase, the director owned 217,785 shares of the company’s stock, valued at approximately $446,459.25. This trade represents a 4.81% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

OPAL Fuels Trading Down 4.4%

Shares of OPAL stock opened at $1.97 on Thursday. The stock has a market cap of $341.60 million, a price-to-earnings ratio of 28.15 and a beta of 0.76. The stock has a 50-day moving average of $2.29 and a 200-day moving average of $2.32. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. OPAL Fuels Inc. has a 1-year low of $1.65 and a 1-year high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The company had revenue of $73.38 million during the quarter, compared to analyst estimates of $93.87 million. On average, equities research analysts forecast that OPAL Fuels Inc. will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OPAL shares. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered OPAL Fuels from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group upped their target price on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research report on Tuesday, March 17th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $2.72.

Institutional Investors Weigh In On OPAL Fuels

Several institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT bought a new position in OPAL Fuels in the fourth quarter worth approximately $27,000. Mariner LLC bought a new position in OPAL Fuels in the fourth quarter worth approximately $27,000. Engineers Gate Manager LP bought a new position in OPAL Fuels in the second quarter worth approximately $27,000. Intech Investment Management LLC bought a new position in OPAL Fuels in the second quarter worth approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in OPAL Fuels in the second quarter worth approximately $28,000. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.