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 firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $2.05 per share, for a total transaction of $20,500.00. Following the completion of the transaction, the director directly owned 217,785 shares in the company, valued at approximately $446,459.25. This represents a 4.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OPAL Fuels Trading Up 4.0%

Shares of OPAL stock opened at $2.06 on Wednesday. The firm has a 50-day moving average price of $2.29 and a 200 day moving average price of $2.32. OPAL Fuels Inc. has a twelve month low of $1.65 and a twelve month high of $4.08. The company has a market capitalization of $357.20 million, a price-to-earnings ratio of 29.43 and a beta of 0.76. 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 (NASDAQ:OPAL) last announced its earnings results 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 net margin of 1.33% and a negative return on equity of 479.62%. The firm had revenue of $73.38 million during the quarter, compared to analyst estimates of $93.87 million. Research analysts forecast that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OPAL has been the subject of several research analyst reports. Weiss Ratings cut OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group increased their target price on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen cut OPAL Fuels from a “hold” rating to a “strong sell” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, OPAL Fuels presently has an average rating of “Reduce” and an average target price of $2.72.

Institutional Investors Weigh In On OPAL Fuels

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new stake in OPAL Fuels in the second quarter worth $27,000. Mariner LLC acquired a new stake in OPAL Fuels in the fourth quarter worth $27,000. Zions Bancorporation National Association UT acquired a new stake in OPAL Fuels in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in OPAL Fuels in the second quarter worth $28,000. Finally, Intech Investment Management LLC acquired a new position in shares of OPAL Fuels during the second quarter valued at $28,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.