OPAL Fuels (OPAL)

• Market cap: $66.4M
• 1 day: 3.49%
• 5 days: 3.04%
• 1 month: -5.58%
• 3 months: -24.28%
• 6 months: -18.28%
• Year to date: -27.30%
• 1 year: -35.42%
• 5 years: -75.82%
• 10 years: -75.82%
• 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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

575% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 4

63% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 8

55% more funds holding

Funds holding: 40 [Q1] → 62 (+22) [Q2]

41% more capital invested

Capital invested by funds: $24.3M [Q1] → $34.4M (+$10M) [Q2]

2.49% more ownership

Funds ownership: 46.5% [Q1] → 48.99% (+2.49%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

Research analyst outlook

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

• Low target: $2.75 16% upside
• Avg. target: $2.88 21% upside
• High target: $3 27% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

UBS William Grippin	16% upside $2.75	Neutral Downgraded	23 Jul 2025
Johnson Rice Martin Malloy	27% upside $3	Hold Downgraded	22 Jul 2025