Opal Fuels Inc. (NASDAQ:OPAL) has reported a significant transaction by a key executive in a recent filing. Anthony Falbo, the company’s Chief Operating Officer, sold a total of 9,621 shares of Class A common stock. The sales occurred on May 21, 2024, and were executed at a weighted average price of $4.89 per share, resulting in a total value of $47,046.
Investors interested in the specifics of the transaction should note that the shares were sold in multiple transactions at prices that ranged from $4.85 to $4.95. The exact number of shares sold at each price point within this range can be provided upon request to either the issuer or the Securities and Exchange Commission (SEC) staff, as indicated in the footnotes of the filing.
Following the sale, the filing indicated that Falbo no longer holds any shares of Class A common stock in OPAL Fuels Inc. directly. This might be of interest to shareholders keeping an eye on insider transactions as an indicator of executive confidence in the company's prospects.
These transactions are part of the public record and are routinely disclosed by company insiders in compliance with SEC regulations. Such filings provide transparency and allow investors to monitor the buying and selling activities of a company's executives and other key insiders.
OPAL Fuels Inc., which operates within the gas and other services combined industry, is known for its focus on energy and transportation solutions. The company's business address is located in Boston, MA, and it was formerly known as ArcLight Clean Transition Corp. II before changing its name.
Investors and stakeholders in OPAL Fuels Inc. may view the complete details of Anthony Falbo's transactions in the company's latest Form 4 filing with the SEC.
InvestingPro Insights
In light of the recent insider transaction at Opal Fuels Inc., investors may find additional context in the company's financial health and market performance. As per InvestingPro data, Opal Fuels Inc. showcases a market capitalization of $838.01 million, with a notably low price-to-earnings (P/E) ratio of 6.55 as of the last twelve months leading up to Q1 2024. This valuation metric suggests the stock might be undervalued compared to industry peers, potentially attracting value investors.
The company has also experienced a robust revenue growth of 21.21% over the last twelve months as of Q1 2024, with a significant quarterly revenue growth of 51.2% in Q1 2024. This indicates a strong upward trend in the company's earnings capability, which could be a positive sign for investors looking for growth opportunities. Moreover, Opal Fuels Inc. has managed an impressive EBITDA growth rate of 459.65% over the same period, highlighting efficient operational performance and potential for future profitability.
From an operational standpoint, InvestingPro Tips suggest that while Opal Fuels Inc. operates with a moderate level of debt, it is trading at a high EBIT and EBITDA valuation multiple. This could imply that the market has high expectations for the company's future earnings. Moreover, analysts predict the company will be profitable this year, which aligns with the fact that it has been profitable over the last twelve months. It's also worth noting that Opal Fuels Inc. does not currently pay a dividend, which might be a consideration for income-focused investors.
For those seeking further insights, there are additional InvestingPro Tips available, which can be accessed through the InvestingPro platform. To enhance your investment research on Opal Fuels Inc., consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. Discover more in-depth analysis and tips to better inform your investment decisions.
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