Ctc Holdings Ii L.P. Arclight Sells 9,300 Shares of OPAL Fuels Inc. (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL – Get Rating) major shareholder Ctc Holdings Ii L.P. Arclight sold 9,300 shares of the firm’s stock in a transaction on 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 directly owns 9,428,182 shares of the company’s stock, valued at $65,714,428.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares 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 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 shares were sold at an average price of $6.95, for a total transaction of $13,900,000.00.

OPAL Fuels Stock Performance

Shares of OPAL opened at $7.15 on Monday. The company’s 50 day simple moving average is $7.46. OPAL Fuels Inc. has a twelve month low of $5.82 and a twelve month high of $12.35.

OPAL Fuels (NASDAQ:OPAL – Get Rating) last released its quarterly 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 firm had revenue of $66.55 million for the quarter, compared to analyst estimates of $81.00 million. Analysts predict that OPAL Fuels Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of OPAL Fuels

Large investors have recently made changes to their positions in the stock. DAVENPORT & Co LLC bought a new stake in OPAL Fuels during the third quarter worth approximately $84,000. Kepos Capital LP acquired a new stake in shares of OPAL Fuels in the third quarter worth $198,000. Vanguard Group Inc. acquired a new position in OPAL Fuels in the 3rd quarter valued at $1,297,000. Encompass Capital Advisors LLC acquired a new position in OPAL Fuels in the 3rd quarter valued at $10,834,000. Finally, Electron Capital Partners LLC bought a new position in OPAL Fuels in the 3rd quarter worth $14,904,000.

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.