OPAL Fuels Inc. (NASDAQ:OPAL) Major Shareholder Sells $64,821.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL – Get Rating) major shareholder Ctc Holdings Ii L.P. Arclight sold 9,300 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was sold at an average price of $6.97, for a total value of $64,821.00. Following the sale, the insider now owns 9,428,182 shares in the company, valued at approximately $65,714,428.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, January 17th, Ctc Holdings Ii L.P. Arclight sold 9,045 shares of OPAL Fuels stock. The stock was sold at an average price of $6.96, for a total value 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 value of $13,900,000.00.

OPAL Fuels Stock Down 3.6 %

Shares of NASDAQ OPAL opened at $6.89 on Tuesday. OPAL Fuels Inc. has a 52-week low of $5.82 and a 52-week high of $12.35. The firm has a 50-day moving average price of $7.43.

OPAL Fuels (NASDAQ:OPAL – Get Rating) last posted its quarterly earnings data 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 business had revenue of $66.55 million during the quarter, compared to the consensus estimate of $81.00 million. As a group, research analysts forecast that OPAL Fuels Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OPAL. UBS Group began coverage on OPAL Fuels in a report on Monday, December 5th. They set a “buy” rating and a $13.00 price target on the stock. Tudor, Pickering, Holt & Co. upgraded OPAL Fuels from a “hold” rating to a “buy” rating in a report on Friday, November 18th. B. Riley began coverage on OPAL Fuels in a report on Thursday, December 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Tudor Pickering upgraded OPAL Fuels from a “hold” rating to a “buy” rating in a report on Friday, November 18th. Finally, Johnson Rice began coverage on OPAL Fuels in a report on Wednesday, December 14th. They issued a “buy” rating and a $13.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $13.33.

Institutional Trading of OPAL Fuels

Several hedge funds have recently modified their holdings of OPAL. Electron Capital Partners LLC acquired a new stake in shares of OPAL Fuels in the 3rd quarter valued at approximately $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 purchased a new position in OPAL Fuels during the third quarter worth $84,000.

OPAL Fuels Company Profile

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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.