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OPAL Fuels Inc (OPAL)



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Upturn Advisory Summary
08/14/2025: OPAL (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $3.38
1 Year Target Price $3.38
5 | Strong Buy |
1 | Buy |
1 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -38.92% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 404.01M USD | Price to earnings Ratio 38.83 | 1Y Target Price 3.38 |
Price to earnings Ratio 38.83 | 1Y Target Price 3.38 | ||
Volume (30-day avg) 8 | Beta 1.08 | 52 Weeks Range 1.26 - 4.11 | Updated Date 08/15/2025 |
52 Weeks Range 1.26 - 4.11 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.0988 | Actual -0.0589 |
Profitability
Profit Margin 3.66% | Operating Margin (TTM) -3.47% |
Management Effectiveness
Return on Assets (TTM) 0.35% | Return on Equity (TTM) 4.44% |
Valuation
Trailing PE 38.83 | Forward PE 1.7 | Enterprise Value 371625092 | Price to Sales(TTM) 1.22 |
Enterprise Value 371625092 | Price to Sales(TTM) 1.22 | ||
Enterprise Value to Revenue 1.13 | Enterprise Value to EBITDA 11.41 | Shares Outstanding 28996200 | Shares Floating 16840690 |
Shares Outstanding 28996200 | Shares Floating 16840690 | ||
Percent Insiders 23.29 | Percent Institutions 53.42 |
Upturn AI SWOT
OPAL Fuels Inc
Company Overview
History and Background
OPAL Fuels Inc. was formed through the combination of Fortistar Methane Group and Landfill Energy Systems in 2021, going public via SPAC merger. It focuses on developing and operating renewable natural gas (RNG) projects.
Core Business Areas
- RNG Production and Development: OPAL Fuels develops, constructs, and operates RNG projects that convert landfill gas and animal waste into usable RNG.
- Fuel Sales and Distribution: The company sells and distributes RNG to various end-users, including transportation fleets and industrial customers.
- Project Financing: OPAL Fuels assists in the financing of RNG projects, offering capital and expertise.
Leadership and Structure
Adam Comora serves as Co-CEO, and Jonathan Maurer is also Co-CEO. The company has a board of directors with members from Fortistar and other investment groups. Operates with a functional organizational structure aligned around project development, operations, and sales.
Top Products and Market Share
Key Offerings
- Renewable Natural Gas (RNG): OPAL Fuels' primary product is RNG, produced from captured methane from landfills and agricultural sources. They operate a series of RNG plants throughout the US. Market share is difficult to determine precisely as it is a fragmented market. Competitors include Clean Energy Fuels (CLNE), Archaea Energy (LFG), and Republic Services (RSG).
- RNG Fueling Stations: OPAL Fuels also develops and operates RNG fueling stations for heavy-duty vehicles. It provides sustainable fueling solutions to help fleet operators lower emissions. Competitors include Trillium (Love's) and Pilot Flying J. Market share figures aren't readily available but are influenced by geographic density and partnership agreements with fleet operators.
Market Dynamics
Industry Overview
The renewable natural gas industry is growing due to increasing demand for low-carbon fuels and supportive government policies (e.g., Renewable Fuel Standard).
Positioning
OPAL Fuels is a vertically integrated RNG producer, developer, and distributor. Its advantages include its portfolio of RNG projects and experience in project development and operations.
Total Addressable Market (TAM)
The TAM for RNG is estimated in the tens of billions of dollars. OPAL Fuels is positioned to capture a significant share of this market as the industry matures and low carbon fuel mandates are enacted.
Upturn SWOT Analysis
Strengths
- Vertically integrated business model
- Experienced management team
- Portfolio of RNG projects
- Focus on sustainability
Weaknesses
- Reliance on government incentives
- Commodity price volatility
- Relatively small compared to major energy players
- High capital expenditure requirements
Opportunities
- Increasing demand for low-carbon fuels
- Expansion into new geographies
- Partnerships with fleet operators
- Development of new RNG sources
Threats
- Changes in government regulations
- Competition from other renewable energy sources
- Technological advancements that make RNG obsolete
- Economic downturn impacting transportation sector
Competitors and Market Share
Key Competitors
- CLNE
- LFG
- RSG
Competitive Landscape
OPAL Fuels competes with larger, more established players in the renewable energy and waste management industries. Its advantages include a focused strategy on RNG and a vertically integrated business model. Disadvantages include smaller scale and reliance on project execution.
Growth Trajectory and Initiatives
Historical Growth: Significant revenue growth in recent years driven by the completion and operation of new RNG projects.
Future Projections: Analysts project continued revenue growth as the company expands its RNG project portfolio. Profitability improvements are also expected but dependent on project execution and market conditions.
Recent Initiatives: Securing partnerships with major trucking fleets and investing in new RNG production facilities.
Summary
OPAL Fuels is a growing player in the RNG market with a vertically integrated business model. It benefits from the increasing demand for low-carbon fuels but faces challenges related to project execution, commodity price volatility, and competition. The company needs to demonstrate consistent profitability to achieve long-term success. Its current challenges revolve around scaling operations effectively and securing long-term supply contracts.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q)
- Company Website
- Industry Reports
- Analyst Reports
- Press Releases
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share data is based on available estimates and may not be precise.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About OPAL Fuels Inc
Exchange NASDAQ | Headquaters White Plains, NY, United States | ||
IPO Launch date 2022-07-22 | CEO - | ||
Sector Utilities | Industry Utilities - Regulated Gas | Full time employees 341 | Website https://opalfuels.com |
Full time employees 341 | Website https://opalfuels.com |
OPAL Fuels Inc., together with its subsidiaries, engages in the production and distribution of renewable natural gas (RNG) for use as a vehicle fuel for heavy and medium-duty trucking fleets throughout the United States. The company also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel. In addition, it is involved in the design, development, and construction of hydrogen fueling stations. Further, the company engages in the generation and sale of renewable power to utilities; and environmental attributes associated with RNG and renewable power, as well as sale of RNG as pipeline quality natural gas. OPAL Fuels Inc. was founded in 1998 and is headquartered in White Plains, New York.

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