OPAL FuelsOPAL
Market Cap: $91.2M
About: OPAL Fuels Inc is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas. The company is also engaged in the marketing and distribution of RNG to heavy-duty trucking and other hard-to-de-carbonize industrial sectors. The company designs, develops, constructs, operates, and services Fueling Stations for trucking fleets across the country that use natural gas to displace diesel as their transportation fuel. The company derives revenue from the sale of Renewable Power, design, development, construction, and service of Fueling Stations, and sales of RNG produced by OPAL and third parties as pipeline-quality natural gas.
Employees: 326
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
13% more funds holding
Funds holding: 47 [Q1] → 53 (+6) [Q2]
3.43% less ownership
Funds ownership: 55.31% [Q1] → 51.88% (-3.43%) [Q2]
23% less capital invested
Capital invested by funds: $78M [Q1] → $60.2M (-$17.7M) [Q2]
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $428K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Scotiabank Paul Cheng 24% 1-year accuracy 9 / 37 met price target | 56%upside $5 | Sector Perform Downgraded | 3 Sept 2024 |
Goldman Sachs Adam Bubes 100% 1-year accuracy 4 / 4 met price target | 22%upside $3.90 | Sell Maintained | 9 Aug 2024 |
UBS William Grippin 50% 1-year accuracy 5 / 10 met price target | 134%upside $7.50 | Buy Maintained | 9 Aug 2024 |