OPAL Fuels Inc. (NASDAQ:OPAL – Get Rating) major shareholder Ctc Holdings Ii L.P. Arclight sold 9,045 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $6.96, for a total value of $62,953.20. Following the sale, the insider now directly owns 9,439,537 shares of the company's stock, valued at $65,699,177.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Ctc Holdings Ii L.P. Arclight also recently made the following trade(s):

• On Thursday, December 15th, Ctc Holdings Ii L.P. Arclight sold 2,000,000 shares of OPAL Fuels stock. The stock was sold at an average price of $6.95, for a total value of $13,900,000.00.

OPAL Fuels Price Performance

NASDAQ OPAL opened at $7.15 on Friday. OPAL Fuels Inc. has a 1-year low of $5.82 and a 1-year high of $12.35. The company has a 50 day moving average price of $7.46.

Analysts Set New Price Targets

A number of analysts have weighed in on OPAL shares. Tudor, Pickering, Holt & Co. raised OPAL Fuels from a "hold" rating to a "buy" rating in a research report on Friday, November 18th. Johnson Rice began coverage on OPAL Fuels in a research report on Wednesday, December 14th. They set a "buy" rating and a $13.00 price objective for the company. UBS Group began coverage on OPAL Fuels in a research note on Monday, December 5th. They set a "buy" rating and a $13.00 target price for the company. B. Riley began coverage on OPAL Fuels in a research note on Thursday, December 15th. They set a "buy" rating and a $14.00 target price for the company. Finally, Tudor Pickering raised OPAL Fuels from a "hold" rating to a "buy" rating in a research note on Friday, November 18th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, OPAL Fuels currently has an average rating of "Buy" and an average price target of $13.33.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds have recently bought and sold shares of the company. Electron Capital Partners LLC purchased a new position in OPAL Fuels during the third quarter worth $14,904,000. Encompass Capital Advisors LLC purchased a new position in OPAL Fuels during the third quarter worth $10,834,000. Vanguard Group Inc. purchased a new position in OPAL Fuels during the third quarter worth $1,297,000. Kepos Capital LP purchased a new position in OPAL Fuels during the third quarter worth $198,000. Finally, DAVENPORT & Co LLC increased its position in OPAL Fuels by 99.2% during the fourth quarter. DAVENPORT & Co LLC now owns 20,117 shares of the company's stock worth $146,000 after buying an additional 10,017 shares in the last quarter.

About OPAL Fuels

(Get Rating)

OPAL Fuels Inc 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.

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