OPAL Fuels Inc. (NASDAQ:OPAL – Get Rating) dropped 4.3% on Monday . The stock traded as low as $6.58 and last traded at $6.71. Approximately 2,333 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 52,267 shares. The stock had previously closed at $7.01.
Wall Street Analyst Weigh In
Several research firms have commented on OPAL. Johnson Rice began coverage on OPAL Fuels in a report on Wednesday, December 14th. They set a "buy" rating and a $13.00 price objective on the stock. UBS Group assumed coverage on OPAL Fuels in a research report on Monday, December 5th. They set a "buy" rating and a $13.00 target price on the stock. Tudor Pickering raised OPAL Fuels from a "hold" rating to a "buy" rating in a research report on Friday, November 18th. B. Riley assumed coverage on OPAL Fuels in a research report on Thursday, December 15th. They set a "buy" rating and a $14.00 target price on the stock. Finally, Tudor, Pickering, Holt & Co. raised OPAL Fuels from a "hold" rating to a "buy" rating in a research report on Friday, November 18th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $13.33.
Get OPAL Fuels alerts:OPAL Fuels Stock Down 4.3 %
The business has a 50-day moving average price of $7.59.
OPAL Fuels (NASDAQ:OPAL – Get Rating) last issued its quarterly earnings results on Monday, November 14th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). The business had revenue of $66.55 million during the quarter, compared to the consensus estimate of $81.00 million. On average, research analysts predict that OPAL Fuels Inc. will post 0.08 earnings per share for the current year.Insider Buying and Selling at OPAL Fuels
In other OPAL Fuels news, major shareholder Ctc Holdings Ii L.P. Arclight sold 2,000,000 shares of OPAL Fuels stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $6.95, for a total transaction of $13,900,000.00. Following the completion of the transaction, the insider now owns 7,639,076 shares in the company, valued at approximately $53,091,578.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Ctc Holdings Ii L.P. Arclight sold 2,000,000 shares of OPAL Fuels stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $6.95, for a total value of $13,900,000.00. Following the completion of the transaction, the insider now owns 7,639,076 shares in the company, valued at approximately $53,091,578.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jonathan Gilbert Maurer purchased 12,500 shares of the business's stock in a transaction that occurred on Thursday, December 8th. The stock was acquired at an average price of $7.76 per share, with a total value of $97,000.00. Following the purchase, the chief executive officer now owns 12,500 shares in the company, valued at $97,000. The disclosure for this purchase can be found here. Company insiders own 85.80% of the company's stock.
Institutional Investors Weigh In On OPAL Fuels
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in OPAL Fuels during the 3rd quarter worth approximately $1,297,000. Kepos Capital LP acquired a new position in shares of OPAL Fuels during the 3rd quarter worth approximately $198,000. Electron Capital Partners LLC acquired a new position in shares of OPAL Fuels during the 3rd quarter worth approximately $14,904,000. Encompass Capital Advisors LLC acquired a new position in shares of OPAL Fuels during the 3rd quarter worth approximately $10,834,000. Finally, DAVENPORT & Co LLC acquired a new position in shares of OPAL Fuels during the 3rd quarter worth approximately $84,000.
About OPAL Fuels
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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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