OPAL Fuels (NASDAQ:OPAL) Shares Gap Up – Here’s What Happened

OPAL Fuels Inc. (NASDAQ:OPAL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.15, but opened at $3.28. OPAL Fuels shares last traded at $3.24, with a volume of 30,665 shares trading hands.

OPAL Fuels Price Performance

The firm has a market capitalization of $557.38 million, a P/E ratio of 17.92 and a beta of 0.54. The stock’s 50 day moving average is $3.47 and its two-hundred day moving average is $3.66.

Hedge Funds Weigh In On OPAL Fuels

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPAL. Janus Henderson Group PLC lifted its holdings in shares of OPAL Fuels by 83.5% in the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after acquiring an additional 9,885 shares during the last quarter. Sanctuary Advisors LLC bought a new position in OPAL Fuels in the 2nd quarter valued at approximately $93,000. Marshall Wace LLP acquired a new stake in OPAL Fuels during the 2nd quarter worth approximately $389,000. GSA Capital Partners LLP grew its holdings in OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in OPAL Fuels in the 3rd quarter valued at approximately $430,000. 12.16% of the stock is owned by institutional investors and hedge funds.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, 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.