OPAL Fuels Inc. Stock Price, News & Analysis

OPAL Fuels (Nasdaq: OPAL) announced its addition to the broad-market Russell 3000® Index, effective June 30, 2025, as part of the 2025 Russell indexes reconstitution. The company will also be included in the small-cap Russell 2000® Index along with appropriate growth and value style indexes.

The Russell indexes membership is determined annually based on market capitalization rankings and style attributes, capturing the 3,000 largest U.S. stocks as of April 30, 2025. Co-CEO Jonathan Maurer highlighted this inclusion as a significant milestone that showcases OPAL Fuels' position as an emerging leader in the small-cap segment with its vertically integrated renewable energy model.

OPAL Fuels (Nasdaq: OPAL) has successfully completed the sale of $16.7 million in Inflation Reduction Act (IRA) investment tax credits from its Prince William RNG facility in Virginia. This marks the company's third tax credit sale, demonstrating market confidence in renewable natural gas as a low-carbon fuel solution. The transaction highlights the IRA's role in accelerating renewable natural gas adoption and its contribution to domestic energy security and emissions reduction in the transportation sector.

OPAL Fuels (OPAL) has formed a joint venture with a Republic Services (RSG) affiliate to develop a new biogas-to-renewable natural gas (RNG) facility at Republic's Charlotte Motor Speedway Landfill in Concord, North Carolina. The facility will convert an existing OPAL-owned renewable electricity site and have an initial annual design capacity of 1.4 million MMBtu. The project will capture biomethane from organic material decomposition and convert it into RNG, a low-carbon transportation fuel. The joint venture includes a new long-term gas rights agreement, with OPAL having already invested in construction. The facility's timeline aligns with recent RNG project completions.

OPAL Fuels (NASDAQ: OPAL) reported solid Q1 2025 financial results with revenue of $85.4 million, up 31% year-over-year. Net income reached $1.3 million, compared to $0.7 million in Q1 2024. The company's RNG production increased 38% to 1.1 million MMBtu, while Adjusted EBITDA grew to $20.2 million from $15.2 million. The Fuel Station Services segment showed strong performance, selling 40.6 million GGEs of transportation fuel (+16% YoY), including 19.5 million GGEs of RNG (+19% YoY). Two RNG facilities brought online in Q4 2024 are performing as expected, and the company completed an $8.9 million IRA Investment Tax Credits sale. Construction projects remain on track, though two dairy projects in California face delays due to contractor disputes. The company maintains its full-year 2025 guidance.

OPAL Fuels (Nasdaq: OPAL) has scheduled its first quarter 2025 earnings release and conference call. The company will disclose its financial results for Q1 2025, ending March 31, after the market closes on Thursday, May 8, 2025. A conference call will follow on Friday, May 9, 2025 at 11:00 a.m. Eastern Time. Investors can access the presentation through a listen-only webcast available on the company's Investor Relations website.

OPAL Fuels (Nasdaq: OPAL) announced that its controlling shareholder, Fortistar , has exchanged 50.0 million shares of Class D common stock (with five votes per share) for an equal number of newly issued Class B common stock (with one vote per share). This exchange maintains Fortistar's economic interest while reducing its voting control.

The company revealed that Fortistar has now converted over 120 million Class D shares in total. This strategic move is aimed at potentially facilitating the inclusion of OPAL's publicly traded Class A common stock in certain stock market indices, which could affect broad-based mutual funds and exchange-traded index funds. However, the company explicitly stated that inclusion in stock market indices cannot be guaranteed and is beyond their control.

OPAL Fuels (Nasdaq: OPAL) has successfully completed the sale of Inflation Reduction Act (IRA) investment tax credits worth $8.9 million. The credits were generated by the Sapphire RNG facility, a joint venture in which OPAL Fuels holds a 50% ownership stake. The proceeds from this transaction will positively impact the company's net income and operating cash flow. This marks OPAL Fuels' second IRA tax credit sale, supporting initiatives for heavy-duty trucking decarbonization, energy security, and domestic fuel production.

OPAL Fuels (Nasdaq: OPAL) reported its Q4 and full-year 2024 financial results, demonstrating significant operational growth despite market challenges. The company's revenue reached $300.0 million for FY2024, up 17% year-over-year, while Q4 revenue was $80.0 million, down 8% compared to Q4 2023.

Key operational highlights include:

• Commenced operations at three landfill RNG projects in 2024, increasing total operating RNG capacity to 8.8 million MMBtu
• RNG production grew 41% to 3.8 million MMBtu for FY2024
• Fuel Station Services segment saw a 13% increase in fuel sales to 150.2 million GGEs
• RNG dispensed as transportation fuel increased 69% to 74.0 million GGEs

For 2025, OPAL Fuels projects Adjusted EBITDA between $90-110 million, with expected RNG production of 5.0-5.4 million MMBtu. The company maintains strong liquidity of $223.6 million and anticipates approximately $50 million in ITC sale proceeds.

OPAL Fuels Inc. (Nasdaq: OPAL) has announced expansion into Canada with five new fuel station service agreements. The company will design, build, own, and operate these stations, expected to be operational by Q4 2025. The facilities will be supported by long-term fuel supply agreements.

The new stations will collectively dispense approximately 3.85 million gasoline gallons equivalent (GGE) per year, totaling around 40 million GGE over the contract terms. This expansion aligns with OPAL's 'Cleaner, Cheaper, Now' mission, focusing on providing cleaner, more affordable, low-carbon energy solutions in Canada's growing natural gas fueling market.