J. Derek Lewis & Associates Inc. Buys Shares of 315,000 OPAL Fuels Inc. $OPAL

J. Derek Lewis & Associates Inc. bought a new position in OPAL Fuels Inc. (NASDAQ:OPAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 315,000 shares of the company’s stock, valued at approximately $742,000. J. Derek Lewis & Associates Inc. owned about 0.18% of OPAL Fuels as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. grew its position in shares of OPAL Fuels by 77.2% during 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. Geode Capital Management LLC raised its holdings in OPAL Fuels by 91.5% in the 2nd 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. Jane Street Group LLC bought a new position in OPAL Fuels in the 2nd quarter worth $107,000. Goldman Sachs Group Inc. lifted its position in OPAL Fuels by 15.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company’s stock valued at $743,000 after purchasing an additional 41,056 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in OPAL Fuels during the second quarter valued at $93,000. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Price Performance

OPAL opened at $1.86 on Friday. The stock has a market cap of $322.52 million, a price-to-earnings ratio of 26.58 and a beta of 0.77. 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 firm’s fifty day moving average is $2.18 and its 200 day moving average is $2.29. OPAL Fuels Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $3.25.

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

Insider Buying and Selling at OPAL Fuels

In other OPAL Fuels news, Director Scott Mcdougald Sutton bought 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the transaction, the director owned 50,000 shares of the company’s stock, valued at $97,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders bought a total of 72,292 shares of company stock valued at $142,845 over the last three months. Corporate insiders own 85.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group upped their price target 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 raised OPAL Fuels from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings downgraded OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, OPAL Fuels has a consensus rating of “Reduce” and a consensus target price of $2.72.

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.