OPAL Fuels Inc. Class A (OPAL)

Over the past six months, OPAL Fuels' stock price has experienced fluctuations, with a 23.96% decrease to $2.38 as of November 26, 2025. Key events impacting the stock include the Q3 2025 earnings report, which beat EPS forecasts but missed revenue expectations, leading to a stock drop. Q4 2024 and full-year 2024 results showed a decrease in Q4 revenue but an increase in full-year revenue, with a net loss for Q4 but a net income for the full year. The company also completed its fourth investment tax credit monetization for 2025, generating over $40 million in gross proceeds year-to-date.

OPAL Fuels has indicated that it experiences seasonality in its business, but specific details on how demand fluctuates throughout the year are not available. The company's financial performance depends on tax and other government incentives for RNG and renewable power, and changes in these policies could materially affect demand.

OPAL Fuels Inc. is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas (RNG). The company operates within the Energy sector, focusing on renewable fuels, and specializes in capturing and converting biogas into RNG and renewable electricity. Its major products and services include the production and distribution of RNG for heavy and medium-duty trucking fleets, the design, development, construction, operation, and servicing of fueling stations for natural gas vehicles, and the generation and sale of renewable power to utilities. The company is also involved in the design, development, and construction of hydrogen fueling stations, aiming to replace fossil-based fuels and reduce methane emissions.

OPAL Fuels Inc. is headquartered in White Plains, New York, and has major operations and a presence across the United States, with its fueling stations serving trucking fleets nationwide. As of September 30, 2025, OPAL Fuels operates 12 RNG facilities with a combined annual design capacity of 9.1 million MMBtu.

OPAL Fuels is recognized as a leader in the renewable energy sector, particularly in the production and distribution of low-carbon intensity renewable natural gas. The company's commitment to providing sustainable energy solutions and reducing greenhouse gas emissions contributes positively to its brand image. Operational achievements and growth, such as increased RNG production and expansion of its fueling station network, reinforce its image as a growing leader. Financial performance impacted by lower RIN prices and strategic partnerships enhance the company's reputation for strategic growth and collaboration.

OPAL Fuels Inc. is owned by a mix of institutional shareholders and insiders, with institutional ownership accounting for 52.03% of total shares outstanding. Major institutional owners include Ares Management LLC, Invesco Ltd., and Electron Capital Partners LLC. Mark S. Comora is the largest individual shareholder, owning 71.78% of the company. Other significant insider owners include Opal Holdco LLC, Arclight Ctc Holdings II LP, and Daniel R. Revers.