Scott McDougald Sutton, Director at OPAL Fuels Inc. (OPAL), bought 50,000 shares at $1.95 ($98K) on 2026-06-11, disclosed to the SEC on 2026-06-15.
Director Scott McDougald Sutton purchased 50,000 shares at $1.95 on June 11, 2026, marking the largest insider purchase in OPAL Fuels' history. This significant accumulation comes as the stock trades near a 52-week low, potentially signaling confidence in the company's renewable natural gas (RNG) growth strategy.
OPAL shares have dropped 9.39% over the past five days to trade at $1.93, bringing the stock 43.24% below its 52-week high of $3.40 despite being only 16.97% above its 52-week low of $1.65.
Construction progress on two new renewable natural gas (RNG) facilities with GFL Environmental was announced on June 12, 2026. Additionally, the company announced the start of construction on these facilities on June 4, 2026, which are designed to produce 15 million gasoline gallon equivalents of RNG annually.
The stock faces pressure from an 11% reduction in revenue estimates by analysts on May 15, 2026. Furthermore, the company reported lower first-quarter revenue and EBITDA in its May 11, 2026 earnings call.
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