How to Buy Opal Fuels Stock
Opal Fuels Inc
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.
Opal Fuels stock last closed at $4.62, down 0.65% from the previous day, and has decreased 38.32% in one year. It has underperformed other stocks in the Utilities - Regulated Gas industry by 0.3 percentage points. Opal Fuels stock is currently +4.29% from its 52-week low of $4.43, and -45.39% from its 52-week high of $8.46.
There are currently 172.48M shares of OPAL outstanding. The market cap of OPAL is $796.87M. In the past 24 hours, 25,650 OPAL shares were traded.
How to Buy Opal Fuels Stock
Wondering how to invest in Opal Fuels stock? Here's how.
- Decide where to buy Opal Fuels stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Opal Fuels stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your payment method and add your info.
- Evaluate Opal Fuels stock: The Opal Fuels ticker symbol is OPAL. Is Opal Fuels stock a good investment? Should you buy shares of OPAL? How do OPAL's underlying business fundamentals look? Do top analysts think Opal Fuels is a good buy? Why has OPAL's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if OPAL is a good stock to buy).
- Execute your OPAL buy order: Decide if you will purchase OPAL shares at the current market price or use a limit order to purchase OPAL shares at a given price.
- Get notifications regarding your investment in OPAL: Create a watchlist to watch your investment in Opal Fuels shares.
Step 1: Decide where to buy Opal Fuels stock
You need an online brokerage account to access the NASDAQ market and buy OPAL shares.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still invest in the stock.
- Access to global markets: From Tech to Healthcare, New York to London — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you are able to invest in OPAL stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've finished signing up on stock market apps, you can securely and quickly fund your account:
Watch the video below if you need help depositing funds into your investment account.
Step 4: Evaluate Opal Fuels stock
After you have decided on the best place to buy Opal Fuels stock, it's important to evaluate their stock before you invest, so you actually comprehend the risk as well as the upside.
Opal Fuels quick stats
OPAL Overview
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on OPAL's stock page.
What is the fair value of OPAL stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OPAL's fair value.
Using relative valuations metrics:
- OPAL could be undervalued based on its P/E ratio of 6.6x, relative to Utilities - Regulated Gas industry P/E ratio of 15.03x
- OPAL could be undervalued based on its PEG ratio of 0.13x
You can access more valuation analysis on OPAL's stock here.
Is OPAL a healthy company?
Signs that OPAL is financially healthy:
- OPAL profit margin has gone up from 1.4% to 7.4% in the past year.
- There are more short-term assets than short-term liabilities on the OPAL balance sheet.
Signs that OPAL is not financially healthy:
- There are more long-term liabilities than short-term assets on the OPAL balance sheet.
- OPAL has $52.62M in cash and short term investments. This is not enough to cover its annual cash burn of $75.56M.
- Total OPAL debt is still negative.
- OPAL has cash burn of 75557000. It does not have enough cash and short-term investments to cover this.
- OPAL debt to equity ratio of -0.62 is negative.
Do analysts think it's a good time to buy OPAL stock
Out of 6 Equities analysts who give ratings on OPAL, the consensus analyst rating on OPAL is a Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent OPAL Analyst Ratings
Derrick Whitfield, a top 8% analyst from Stifel Nicolaus maintains OPAL with a strong buy rating and lowers their OPAL price target from $14.00 to $13.00, on Jan 23, 2024.
You can dig deeper into what analysts are forecasting on the Opal Fuels stock forecast page.
OPAL Momentum
How is OPAL performing as a company?
Last year, OPAL earnings were $18.94M. Over the past 1 years, OPAL's earnings have grown by 438.46% per year. This was faster than the Utilities - Regulated Gas industry average of 21.46%.
Last year, OPAL revenue was $256.11M. During the past 5 year, OPAL's revenue has grown by 16.43% per year. This was faster than the Utilities - Regulated Gas industry average of 10.96%.
Learn more about OPAL's earnings and revenue performance here.
Who is buying/selling OPAL?
Over the past year, insiders at OPAL have sold more shares than they have bought.
John Coghlin, General Counsel of OPAL, was the latest OPAL insider to sell. They sold $62,539.16 worth of OPAL shares on Mar 31, 2024.
Dig into more about who owns OPAL shares here.
Does OPAL stock generate passive income?
No, Opal Fuels doesn't provide an income stream by paying out dividends.
OPAL Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your OPAL buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular price limit, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional help buying stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in OPAL
Now that you own some OPAL shares, you'll want to stay up-to-date on your new company.
Add OPAL to a watchlist to track the most important metrics related to your OPAL stock.
OPAL Feed
How to Buy Stock in Opal Fuels
To reiterate, here are the 6 steps you need to take to buy Opal Fuels stock right now:
- Decide where to buy Opal Fuels stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Opal Fuels stock
- Execute your OPAL buy order
- Get notifications regarding your investment in OPAL
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Opal Fuels, create your watchlist below.
Related Stock Buying Guides
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.