Adam Comora Purchases 20,000 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) CEO Adam Comora acquired 20,000 shares of OPAL Fuels stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average price of $2.08 per share, with a total value of $41,600.00. Following the completion of the purchase, the chief executive officer owned 509,626 shares in the company, valued at approximately $1,060,022.08. The trade was a 4.08% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Adam Comora also recently made the following trade(s):

• On Tuesday, September 1st, Adam Comora bought 50,000 shares of OPAL Fuels stock. The stock was bought at an average cost of $1.93 per share, for a total transaction of $96,500.00.

OPAL Fuels Stock Performance

OPAL opened at $1.85 on Thursday. OPAL Fuels Inc. has a 52-week low of $1.65 and a 52-week high of $2.87. The firm has a market capitalization of $320.79 million, a PE ratio of -184.82 and a beta of 0.74. The company has a debt-to-equity ratio of 10.89, a quick ratio of 1.68 and a current ratio of 1.82. The business’s 50-day simple moving average is $2.20 and its 200 day simple moving average is $2.19.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OPAL shares. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a report on Friday, August 7th. Wall Street Zen raised shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, OPAL Fuels has a consensus rating of “Sell” and an average price target of $2.40.

Institutional Trading of OPAL Fuels

Hedge funds have recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new position in shares of OPAL Fuels during the 4th quarter worth approximately $27,000. Mariner LLC bought a new position in OPAL Fuels during the fourth quarter worth $27,000. Engineers Gate Manager LP bought a new position in OPAL Fuels during the second quarter worth $27,000. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels in the second quarter valued at $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OPAL Fuels in the second quarter valued at $28,000. 12.16% of the stock is owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

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.