Nadeem Nisar Buys 10,000 Shares of OPAL Fuels Inc. (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 Friday, June 13th. The stock was bought at an average price of $3.17 per share, with a total value of $31,700.00. Following the completion of the acquisition, the director now directly owns 141,712 shares of the company’s stock, valued at $449,227.04. This trade represents a 7.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Nadeem Nisar also recently made the following trade(s):

• On Friday, May 23rd, Nadeem Nisar purchased 5,000 shares of OPAL Fuels stock. The stock was bought at an average price of $2.87 per share, for a total transaction of $14,350.00.
• On Thursday, May 22nd, Nadeem Nisar purchased 10,000 shares of OPAL Fuels stock. The stock was bought at an average cost of $2.54 per share, with a total value of $25,400.00.

OPAL Fuels Stock Performance

Shares of OPAL stock traded up $0.11 during mid-day trading on Monday, hitting $3.21. The company’s stock had a trading volume of 141,837 shares, compared to its average volume of 135,846. The company has a market cap of $556.52 million, a PE ratio of 17.83 and a beta of 1.22. The company’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.65. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.53.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.63). The business had revenue of $85.41 million during the quarter, compared to analyst estimates of $85.08 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. On average, equities analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently made changes to their positions in the stock. Levin Capital Strategies L.P. boosted its holdings in OPAL Fuels by 250.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after acquiring an additional 25,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of OPAL Fuels by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company’s stock worth $891,000 after purchasing an additional 5,327 shares in the last quarter. Russell Investments Group Ltd. grew its position in OPAL Fuels by 28.9% in the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company’s stock valued at $1,708,000 after purchasing an additional 113,034 shares during the period. Invesco Ltd. increased its stake in OPAL Fuels by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after purchasing an additional 265,762 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in OPAL Fuels during the fourth quarter worth $389,000. Institutional investors own 12.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on OPAL shares. UBS Group reduced their target price on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating on the stock in a report on Monday, March 17th. Scotiabank dropped their price target on shares of OPAL Fuels from $5.00 to $3.50 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Finally, The Goldman Sachs Group increased their price objective on shares of OPAL Fuels from $1.75 to $2.00 and gave the stock a “sell” rating in a research report on Monday, May 12th.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.