OPAL Fuels (NASDAQ:OPAL) Director Scott Dols Purchases 7,946 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Dols acquired 7,946 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $2.00 per share, with a total value of $15,892.00. Following the completion of the transaction, the director owned 245,672 shares in the company, valued at $491,344. This represents a 3.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

OPAL Fuels Price Performance

OPAL stock opened at $2.01 on Friday. The company has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.32. The stock has a market cap of $348.53 million, a price-to-earnings ratio of 28.72 and a beta of 0.76. OPAL Fuels Inc. has a 1 year low of $1.65 and a 1 year high of $4.08. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07.

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

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in OPAL Fuels by 18.6% in the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock valued at $105,000 after purchasing an additional 6,548 shares in the last quarter. Virtu Financial LLC increased its stake in OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock valued at $73,000 after purchasing an additional 8,719 shares in the last quarter. Wells Fargo & Company MN increased its stake in OPAL Fuels by 73.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,197 shares of the company’s stock valued at $55,000 after purchasing an additional 9,801 shares in the last quarter. Engineers Gate Manager LP bought a new stake in OPAL Fuels in the second quarter valued at $27,000. Finally, Mariner LLC bought a new stake in OPAL Fuels in the fourth quarter valued at $27,000. 12.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on OPAL. Wall Street Zen lowered shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a report on Saturday, May 16th. The Goldman Sachs Group lifted their price target on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a report on Tuesday, March 17th. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.