OPAL Fuels (NASDAQ:OPAL) Announces Earnings Results

OPAL Fuels (NASDAQ:OPAL) issued its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05), FiscalAI reports. The business had revenue of $79.49 million for the quarter, compared to analysts’ expectations of $91.30 million. OPAL Fuels had a return on equity of 15.54% and a net margin of 0.65%.

OPAL Fuels Stock Performance

OPAL stock opened at $1.45 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.68 and a debt-to-equity ratio of 10.89. OPAL Fuels has a 12-month low of $1.36 and a 12-month high of $2.87. The stock has a market cap of $253.40 million, a price-to-earnings ratio of -144.86 and a beta of 0.82. The business’s 50-day moving average is $1.73 and its 200 day moving average is $2.11.

Insider Activity at OPAL Fuels

In other news, CEO Adam Comora bought 50,000 shares of OPAL Fuels stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $1.93 per share, with a total value of $96,500.00. Following the completion of the acquisition, the chief executive officer directly owned 489,626 shares of the company’s stock, valued at $944,978.18. The trade was a 11.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 80,000 shares of company stock worth $157,900 over the last ninety days. 85.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a research report on Wednesday. Wall Street Zen downgraded OPAL Fuels from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Sell” and a consensus target price of $2.40.

OPAL Fuels Company Profile

OPAL Fuels Inc is a renewable energy company that develops and operates infrastructure for producing and using renewable natural gas (RNG). The company captures methane from landfills and other waste sources and processes it into pipeline-quality RNG, helping convert waste emissions into a usable energy resource.

Its activities include the development, construction, ownership and operation of landfill gas and RNG facilities, as well as the generation of renewable electricity. OPAL Fuels also supplies RNG for use as a transportation fuel and provides fueling infrastructure and related services for fleets, including heavy-duty vehicles.

The company serves customers primarily in the United States through a portfolio of waste-to-energy and renewable fuels projects.