Nadeem Nisar Acquires 10,000 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar acquired 10,000 shares of the stock in a transaction dated Thursday, May 14th. The stock was acquired at an average cost of $2.05 per share, with a total value of $20,500.00. Following the completion of the transaction, the director 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 SEC, which is accessible through this link.

OPAL Fuels Trading Up 2.1%

Shares of OPAL stock traded up $0.04 during mid-day trading on Monday, hitting $1.98. The company’s stock had a trading volume of 223,093 shares, compared to its average volume of 220,231. The company’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.33. OPAL Fuels Inc. has a 52 week low of $1.65 and a 52 week high of $4.08. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. The company has a market cap of $343.33 million, a PE ratio of 28.29 and a beta of 0.76.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data 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). OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The business had revenue of $73.38 million during the quarter, compared to the consensus estimate of $93.87 million. As a group, equities research analysts expect that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OPAL. The Goldman Sachs Group lifted their price objective on OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Wall Street Zen cut shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a report on Saturday. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.72.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently bought and sold shares of OPAL. Goldman Sachs Group Inc. grew its holdings in OPAL Fuels by 16.2% in the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after purchasing an additional 28,374 shares during the period. Geode Capital Management LLC grew its holdings in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after purchasing an additional 243,399 shares during the period. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels during the second quarter valued at about $28,000. New York State Common Retirement Fund acquired a new position in shares of OPAL Fuels during the second quarter valued at about $93,000. Finally, Walleye Capital LLC acquired a new position in shares of OPAL Fuels during the second quarter valued at about $64,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

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.