Invesco Discloses 2,937,645-Share Stake (10.1%) in OPAL Fuels

Rhea-AI Filing Summary

Invesco Ltd. reports beneficial ownership of 2,937,645 shares of OPAL Fuels Inc. common stock, representing 10.1% of the class as of the reporting event date. The shares are held of record by clients of Invesco and advised through a subsidiary, Invesco Capital Management LLC, including the Invesco WilderHill Clean Energy ETF which holds 10.09% of the security reported.

The filing states Invesco Ltd. may be deemed a parent holding company and that the position is held in the ordinary course of business and not for the purpose of changing or influencing control. Voting and dispositive powers are shown as 2,936,923 shares for sole voting power and 2,937,645 shares for sole dispositive power. The statement is signed by the Global Head of Compliance on 10/07/2025.

Positive

• Transparent disclosure of beneficial ownership with exact share counts and percentage
• Position held passively for clients and via an ETF, with an explicit certification of non-control intent
• Clear identification of the reporting chain including Invesco Capital Management LLC as the advising subsidiary

Negative

• Significant concentration at 10.1% could affect liquidity or trigger investor attention
• ETF exposure concentration: the Invesco WilderHill Clean Energy ETF holds 10.09%, creating dependency on fund flows

Insights

Institutional Ownership Analyst

Large passive stake signals notable investor presence but no control intent.

Holding 2,937,645 shares equal to 10.1% is a meaningful block for a small-cap issuer and can affect liquidity and block-trade dynamics. The filing clarifies the shares are held for clients and via an ETF, which typically implies passive exposure rather than an activist strategy.

Key dependencies include the ETF's trading flows and any changes in fund composition; monitor quarterly holdings statements and upcoming quarter rebalances for shifts in percentage ownership.

Regulatory & Compliance Specialist

Filing follows Rule 13g disclosure and asserts non-control purpose.

The Schedule 13G designation and the certification state the position is held in the ordinary course and not to influence control, consistent with passive institutional reporting. Identification of the reporting chain—parent holding company and relevant subsidiary—meets the Rule 13d-1(b) disclosure structure.

Investors should note the signature date of 10/07/2025 and the reported event date of 09/30/2025 as the official timing markers for the disclosed position.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

OPAL Fuels Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

68347P103

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68347P103

1

Names of Reporting Persons

Invesco Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,936,923.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,937,645.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,937,645.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.1 %

12

Type of Reporting Person (See Instructions)

HC, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OPAL Fuels Inc
(b)	Address of issuer's principal executive offices: One N. Lexington Ave, White Plains, NY 10601
Item 2.
(a)	Name of person filing: Invesco Ltd. ("Invesco Ltd.")
(b)	Address or principal business office or, if none, residence: 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)	Citizenship: Bermuda
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 68347P103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 2,937,645 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)	Percent of class: 10.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,936,923
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,937,645
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Invesco Capital Management LLC is a subsidiary of Invesco Ltd. and it advises the Invesco WilderHill Clean Energy ETF which owns 10.09% of the security reported herein. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Invesco Capital Management LLC
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Invesco Ltd.

Signature:	Robert R. Leveille
Name/Title:	Global Head of Compliance
Date:	10/07/2025

FAQ

What stake does Invesco Ltd. report in OPAL (symbol OPAL)?

Invesco Ltd. reports beneficial ownership of 2,937,645 shares, equal to 10.1% of OPAL common stock.

Is Invesco seeking control of OPAL according to the filing?

No. The Schedule 13G includes a certification that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which Invesco entity holds or advises the OPAL shares?

The filing identifies Invesco Capital Management LLC as the subsidiary advising the holdings, including the Invesco WilderHill Clean Energy ETF.

What voting and dispositive powers are reported?

Reported sole voting power is 2,936,923 shares and sole dispositive power is 2,937,645 shares.

When was the Schedule 13G signed and what is the event date?

The signature date is 10/07/2025 and the date of the event requiring the filing is 09/30/2025.