OPAL Fuels (OPAL)

• Market cap: $38.9M
• 1 day: 6.06%
• 5 days: 4.48%
• 1 month: -30.00%
• 3 months: -55.70%
• 6 months: -62.86%
• Year to date: -57.06%
• 1 year: -69.57%
• 5 years: -85.71%
• 10 years: -85.71%
• Sector: Utilities
• Industry: Gas Utilities

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: 342

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

653% more call options, than puts

Call options by funds: $414K | Put options by funds: $55K

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

0.84% less ownership

Funds ownership: 50.48% [Q3] → 49.64% (-0.84%) [Q4]

4% less funds holding

Funds holding: 51 [Q3] → 49 (-2) [Q4]

9% less capital invested

Capital invested by funds: $52.4M [Q3] → $47.8M (-$4.52M) [Q4]

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2 43% upside
• Avg. target: $3 114% upside
• High target: $3.50 150% upside

3 analyst ratings

• positive: 1 33%
• neutral: 1 33%
• negative: 1 33%

Scotiabank Paul Cheng 35% 1-year accuracy 13 / 37 met price target	150% upside $3.50	Sector Perform Maintained	11 Apr 2025
Goldman Sachs Adam Bubes 80% 1-year accuracy 4 / 5 met price target	43% upside $2	Sell Maintained	18 Mar 2025
UBS William Grippin 17% 1-year accuracy 2 / 12 met price target	150% upside $3.50	Buy Maintained	17 Mar 2025