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):
Get OPAL Fuels alerts:- 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.
OPAL Fuels (NASDAQ:OPAL – Get Rating) last issued its earnings results on Monday, November 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). The company had revenue of $66.55 million for the quarter, compared to analysts' expectations of $81.00 million. On average, sell-side analysts expect that OPAL Fuels Inc. will post 0.08 EPS for the current fiscal year.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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