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

OPAL Fuels Inc. (NASDAQ:OPAL) Director Nadeem Nisar acquired 10,000 shares of OPAL Fuels 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 transaction, the director owned 257,785 shares in the company, valued at approximately $510,414.30. This represents a 4.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

OPAL Fuels Stock Down 0.5%

NASDAQ OPAL opened at $1.98 on Friday. The company has a debt-to-equity ratio of 10.89, a current ratio of 1.82 and a quick ratio of 1.68. The company’s 50 day simple moving average is $2.22 and its 200 day simple moving average is $2.20. OPAL Fuels Inc. has a 12 month low of $1.65 and a 12 month high of $2.87. The company has a market capitalization of $343.33 million, a P/E ratio of -197.80 and a beta of 0.74.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Monday, August 10th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.13). The business had revenue of $83.40 million for the quarter, compared to analyst estimates of $90.72 million. OPAL Fuels had a net margin of 0.65% and a return on equity of 15.54%.

Analyst Ratings Changes

OPAL has been the subject of several research 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 reaffirmed a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, OPAL Fuels currently has an average rating of “Sell” and a consensus target price of $2.40.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of OPAL Fuels in the 1st quarter valued at approximately $29,000. Bank of New York Mellon Corp grew its position in OPAL Fuels by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock worth $105,000 after purchasing an additional 6,548 shares in the last quarter. Inspire Investing LLC purchased a new position in OPAL Fuels during the 1st quarter worth approximately $554,000. J. Derek Lewis & Associates Inc. acquired a new stake in OPAL Fuels during the 4th quarter valued at $742,000. Finally, Virtu Financial LLC lifted its holdings in shares of OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock valued at $73,000 after purchasing an additional 8,719 shares in the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.