OPAL Fuels Inc. (NASDAQ:OPAL – Get Rating) major shareholder Ctc Holdings Ii L.P. Arclight sold 251,500 shares of the business's stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $6.95, for a total value of $1,747,925.00. Following the sale, the insider now directly owns 8,910,882 shares in the company, valued at approximately $61,930,629.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 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 Monday, January 23rd, Ctc Holdings Ii L.P. Arclight sold 7,300 shares of OPAL Fuels stock. The shares were sold at an average price of $6.97, for a total value of $50,881.00.
• On Thursday, January 19th, Ctc Holdings Ii L.P. Arclight sold 9,300 shares of OPAL Fuels stock. The stock was sold at an average price of $6.97, for a total transaction of $64,821.00.
• On Tuesday, January 17th, Ctc Holdings Ii L.P. Arclight sold 9,045 shares of OPAL Fuels stock. The shares were sold at an average price of $6.96, for a total transaction of $62,953.20.
• 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 transaction of $13,900,000.00.

OPAL Fuels Stock Performance

NASDAQ:OPAL traded down $0.05 during trading hours on Wednesday, reaching $7.05. 261,933 shares of the company's stock were exchanged, compared to its average volume of 85,152. OPAL Fuels Inc. has a 12 month low of $5.82 and a 12 month high of $12.35. The stock has a 50-day moving average price of $7.40.

Analyst Upgrades and Downgrades

OPAL has been the topic of several analyst reports. B. Riley initiated coverage on shares of OPAL Fuels in a research note on Thursday, December 15th. They issued a "buy" rating and a $14.00 price target on the stock. Tudor, Pickering, Holt & Co. upgraded shares of OPAL Fuels from a "hold" rating to a "buy" rating in a research note on Friday, November 18th. UBS Group assumed coverage on shares of OPAL Fuels in a research note on Monday, December 5th. They set a "buy" rating and a $13.00 price objective on the stock. Johnson Rice assumed coverage on shares of OPAL Fuels in a research note on Wednesday, December 14th. They set a "buy" rating and a $13.00 price objective on the stock. Finally, Tudor Pickering upgraded shares of OPAL Fuels from a "hold" rating to a "buy" rating in a research note on Friday, November 18th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, OPAL Fuels presently has a consensus rating of "Buy" and an average price target of $13.33.

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPAL. DAVENPORT & Co LLC bought a new position in shares of OPAL Fuels during the 3rd quarter valued at $84,000. Kepos Capital LP bought a new position in shares of OPAL Fuels during the 3rd quarter valued at $198,000. Vanguard Group Inc. bought a new position in OPAL Fuels in the 3rd quarter worth $1,297,000. Encompass Capital Advisors LLC bought a new position in OPAL Fuels in the 3rd quarter worth $10,834,000. Finally, Electron Capital Partners LLC bought a new position in OPAL Fuels in the 3rd quarter worth $14,904,000.

OPAL Fuels Company Profile

(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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