OPAL Fuels Inc(OPAL)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.57
10/19/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for OPAL

10/19/2026: OPAL (1-star) is currently NOT-A-BUY. Pass it for now.

OPAL Fuels Inc is a renewable energy company focused on producing renewable natural gas (RNG) and operating fueling infrastructure for heavy-duty commercial vehicles. The company’s primary strength is its vertically integrated business model, which allows it to control the production of RNG and its distribution to customers. Its main growth opportunity lies in the ongoing shift toward decarbonizing commercial transportation. However, the company faces risks related to capital-intensive project execution, reliance on government policy, and competition from battery-electric technologies. It may best suit growth-oriented investors looking for exposure to the clean energy transition, though investors should monitor project construction timelines and shifts in environmental credit regulations.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fit while signal remains positiveThe company is in an active growth phase, expanding its infrastructure to capture long-term demand for renewable fuels.
Momentum investorMixed fitMomentum is conditional on positive catalysts such as new project commissioning or favorable regulatory announcements.
Value investorWeak fitThe valuation is often driven by future growth potential rather than current earnings multiples.
Dividend investorWeak fitThe company currently reinvests all capital into expansion and does not provide a dividend yield.
Low-risk investorWeak fitExposure to regulatory policy and capital-intensive project risk results in higher volatility for the stock.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to swings in energy prices and policy-driven market sentiment.
Valuation riskMedium / highGrowth expectations are heavily baked into the valuation, making the stock sensitive to project delays.
Competition risk (energy transition)MediumTechnological shifts toward battery-electric alternatives represent a long-term competitive challenge.
Business qualityMediumWhile the business model is solid, it remains reliant on capital market health for infrastructure funding.
Dividend incomeLow / noneInvestors should not expect income, as capital is prioritized for growth.
Execution riskMedium / highSuccess depends on the reliable engineering and commissioning of complex RNG facilities.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -54.68%
Avg. Invested days 19
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/19/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
OPAL receives a 3-star rating, supported by solid company fundamentals. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
OPAL has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+33.7%) and solid revenue growth (+16.3%) are partially offset by weak cash generation (FCF margin -9.8%), soft profitability (net margin 4.2%).

Financial Health Rating

★★★★★
OPAL's financial health is supported by moderate efficiency, including operating-expense and cost-of-revenue discipline (opex 29.1% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is OPAL's strongest growth driver at +63.7% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+16.3%, solid) and earnings growth (+33.7%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 61.4% and approximately 55.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 26.48% supports management-shareholder alignment.

Top 5 Institutional Investors

Amvescap Plc. 13.46%
Ares Management LLC 10.10%
Electron Capital Partners, LLC 5.94%
BlackRock Inc 4.64%
Vanguard Capital Management, LLC 3.32%

Unit Economics (Per $1K Revenue)

★★★★★
OPAL generates approximately $304 of gross profit, $14 of operating income, and $-98 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Negative free cash flow explains the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 322.90%

Quantitative Style Profile

★★★★★
OPAL has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 272.52M USD
Price to earnings Ratio -
1Y Target Price 3.13
Price to earnings Ratio -
1Y Target Price 3.13
Volume (30-day avg) 304.6K shares
Beta 0.79
52 Weeks Range 1.50 - 2.87
Updated Date 10/18/2026
52 Weeks Range 1.50 - 2.87
Updated Date 10/18/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.01

How Company Makes Money

Business areaWhat it includesRetail investor read
RNG ProductionSale of captured methane and environmental credits.Profit comes from turning waste into fuel and selling the carbon credits associated with that reduction.
Fueling OperationsFuel sales, station maintenance, and infrastructure service fees.Revenue is earned by providing the physical infrastructure and fuel supply for large truck fleets.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 3.84
Enterprise Value 396.67M
Price to Sales(TTM) 0.8
Enterprise Value 396.67M
Price to Sales(TTM) 0.8
Enterprise Value to Revenue 1.17
Enterprise Value to EBITDA 13.73
Shares Outstanding 30.29M
Shares Floating 16.86M
Shares Outstanding 30.29M
Shares Floating 16.86M
Percent Insiders 26.48
Percent Institutions 61.38

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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