OPAL FUELS INC CLASS A (OPAL)
Energy · renewable natural gas / clean energy infrastructure · NASDAQ
OPAL Fuels is a vertically integrated leader in the renewable natural gas (RNG) market, converting waste-derived biogas into transportation fuel and clean energy while capturing federal and state environmental credits.
What OPAL FUELS INC CLASS A does
OPAL Fuels develops, constructs, and operates Biogas Conversion Projects that convert biogas from landfills, dairies, and other waste sources into renewable natural gas (RNG) and renewable power. The company operates fueling stations where it dispenses CNG (compressed natural gas) derived from RNG into vehicle fuel tanks, while monetizing associated environmental attributes including RINs (Renewable Identification Numbers) and LCFS credits through federal and state incentive programs. OPAL also develops RNG infrastructure and partnerships with commercial fleets and other counterparties to promote the adoption of renewable natural gas as a transportation fuel.
Themes: Renewable natural gas / alternative fuels, Biogas and waste-to-energy, Environmental attributes / incentive monetization, Transportation fuel decarbonization, Clean energy infrastructure
Fundamentals
- Price$2.12 as of 2026-08-21 close
- Market cap$389M as of 2026-08-24
- 1-year return-7.0% 2025-08-21 close $2.28 → 2026-08-21 close $2.12
- P/E20.19 as of 2026-08-24
- Net margin+5.7% as of 2026-08-24
- Gross margin+29.4% as of 2026-08-24
- ROE+139.6% as of 2026-08-24
- Debt / equity54.41 as of 2026-08-24
- Revenue growth (YoY)+5.2% as of 2026-08-24
- Revenue CAGR (3y)+14.0% SEC XBRL
- Beta0.81 as of 2026-08-24
- Last reported earnings2026-08-10 SEC EDGAR Form 8-K (Item 2.02)
How OPAL compares in its sector
- price-to-earnings ratiomiddle range 118 covered Energy peers, as of 2026-08-24
- net profit marginmiddle range 149 covered Energy peers, as of 2026-08-24
- operating marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- gross marginmiddle range 142 covered Energy peers, as of 2026-08-24
- return on equitytop 10% 152 covered Energy peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 138 covered Energy peers
- free cash flow (absolute dollars, latest fiscal year)bottom 25% 95 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How OPAL FUELS INC CLASS A looks technically
OPAL FUELS INC CLASS A (OPAL) is trading 6.8% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 137 trading days ago — a "death cross", a bearish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 44, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative). It made a new 20-day high about 10 trading days ago. It is 26.1% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 6.8% below its 200-day average, the long-term trend line — a long-term downtrend | -6.8% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $2.19 | $2.19 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $2.27 | $2.27 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 10 calendar days ago — the swings before that are what the structure reading is measured on | 10 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 2.79. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 137 trading days ago — a "death cross", a bearish long-term signal | 137 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend) | 15.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 44, neither overbought (above 70) nor oversold (below 30) | 43.6 |
|---|---|---|
| Position in its 14-day range | it is trading right at the bottom of its 14-day range ($2.09 to $2.79) — its "stochastic" reading is 4 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 4.3 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 8 trading days ago (its momentum flipped negative) | 8 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $2.87 | $2.87 |
|---|---|---|
| From the 52-week high | it is 26.1% below its 52-week high (its highest price of the past year) | -26.1% |
| Above the 52-week low | it is 28.5% above its 52-week low (its lowest price of the past year) | +28.5% |
| Below the 52-week high | it is 26.1% below its highest point of the past year | 26.1% |
| Since a 20-day breakout | it made a new 20-day high about 10 trading days ago | 10 sessions |
| Since a 55-day breakout | it made a new 55-day high about 10 trading days ago | 10 sessions |
| All-time high | its highest closing price on record is $12.35 (set on 2022-08-09) | $12.35 |
| Given back of the 52-week move | over the past year its closes ranged ($1.78 to $2.78), and it has recovered roughly a third of its fall from last year’s high — 34% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $2.40 to $2.43. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 34.0% |
| From the all-time high | it is 82.8% below its all-time high | -82.8% |
| Nearest price level | it is trading 2.2% above a support level at $2.07 — a price it turned at four times since 2026-02-05, most recently on 2026-08-10. Since 2024-08-21 it has 4 such levels below the current price and 11 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -2.2% |
| All-time low | its lowest closing price on record is $1.26 (set on 2025-04-09) | $1.26 |
| Above the all-time low | it is 68.3% above its all-time low | +68.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 79% of it) | 21st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.1624 between its high and its low — about 7.7% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.1624 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $2.02 and $2.52 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $2.02 – $2.27 – $2.52 |
| Typical daily range (% of price) | its price moves about 7.7% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 7.7% |
| Stretch from the 200-day average | it is trading 1.0 daily range below its 200-day average price (6.8% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.0 daily range below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.89× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
3
| Since a hammer | 4 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 4 sessions ago |
|---|---|---|
| Since a bullish engulfing | 9 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 9 sessions ago |
| Since a bearish engulfing | 2 sessions ago it opened above the previous session's close and finished below that session's open — a "bearish engulfing" pair, where one down day more than undid the up day before it | 2 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.9% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.9% |
|---|---|---|
| Gap filled | a 3.7% gap up opened on 2026-08-17 has been "filled" 4 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 4 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -4.5% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 18.2 percentage points (the stock lost 15.9% while the market gained 2.3%) | -18.2% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 2.4 percentage points (the stock gained 5.5% while the market gained 3.1%) | +2.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 10.1 percentage points (the stock gained 1.0% while the market gained 11.1%) | -10.1% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 27.5 percentage points (the stock lost 7.0% while the market gained 20.5%) | -27.5% |
Signal agreement
2
| Bullish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bullish state: near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 1 of 9 |
|---|---|---|
| Bearish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.5% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 2.7% of the share price. | -0.5% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $2.25 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -5.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 9% below the average price paid since it last reported on 2026-08-10 (its 10-Q), so the typical buyer over that stretch is under water. That average is $2.33 — a volume-weighted average of daily closes over 10 sessions, not a true tick-by-tick VWAP. | -9.0% |
Price levels it has turned at before
OPAL last closed at $2.12 on 2026-08-21. Since 2024-08-21 it has turned at 4 prices below its last close and 11 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $2.07 | Support | 2.2% below the last close | turned there four times · 2026-02-05 to 2026-08-10 |
| $2.19 | Resistance | 3.2% above the last close | turned there twice · 2025-08-11 to 2025-09-30 |
| $2.03 | Support | 4.4% below the last close | turned there twice · 2025-09-16 to 2026-03-13 |
| $1.99 | Support | 6.4% below the last close | turned there four times · 2025-11-21 to 2026-07-09 |
| $2.37 | Resistance | 11.9% above the last close | turned there four times · 2026-04-14 to 2026-06-29 |
| $2.48 | Resistance | 17.0% above the last close | turned there three times · 2025-08-07 to 2025-11-18 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $2.79.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This reading has stood for 3 trading days, since 2026-08-19.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · trendless / choppy (low ADX) · lagging the market · Most volatile (6%+ typical daily range) · At the bottom of its 14-day range (stochastic below 20) | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingHold (2.60 mean, 1=Strong Buy…5=Strong Sell) — 5 analysts
- Mean price target$3.19 range $2.20 – $4.00; median $3.00
Analyst estimates, as of 2026-08-23. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for OPAL
- Consensus EPS estimate$0.19 next reporting period, as of 2026-08-23
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Revenue highly dependent on environmental attribute prices (RINs, LCFS credits) which are volatile and subject to regulatory changes; failure to monetize these could materially impact financial performance.","Operational dependency on third-party infrastructure (interconnection, transmission, pipeline facilities) and site owners/operators for biogas rights; equipment failures or inadequate capacity could restrict ability to deliver products and damage relationships.","Market adoption risk: success depends on commercial fleets and counterparties choosing RNG over alternative renewable fuels, and willingness to continue using RNG at expected levels."]
What changed in the latest 10-Q
AI-assisted comparison of OPAL's 10-Q filed 2026-05-11 against the prior one filed 2025-11-07.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references Form 10-K filed March 16, 2026 for fiscal year ended December 31, 2025 (vs. older filing referencing Form 10-K filed March 17, 2025 for fiscal year ended December 31, 2024)
- Newer filing covers three months ended March 31, 2026 and 2025 (vs. older filing covering three and nine months ended September 30, 2025 and 2024)
- Newer filing states 'This three year RVO is expected to reduce volatility in RIN pricing for the associated period' regarding the June 2023 EPA rule
- Newer filing removes mention of EPA proposed 'Set 2 Rule' for 2026 and 2027 and associated uncertainty language present in older filing
- Removed:
- Older filing included 'Recent Developments' section describing Atlantic RNG facility commercial operations (October 6, 2025) and CMS Concord RNG facility construction (October 2025)
- Older filing included operational metrics as of September 30, 2025: '26 projects, 11 of which are RNG projects and 15 of which are Renewable Power Projects' with design capacity figures
- Older filing stated 'In June 2025, the EPA announced a proposed "Set 2 Rule" to establish RVOs for 2026 and 2027, with rule finalization expected in late 2025 or early 2026. Until the rules and RVOs are finalized, there may be uncertainty as to RIN pricing for the associated period.'
- Older filing stated 'This 3 year RVO is expiring at the end of this year' regarding the 2023-2025 RVO period
- Reworded:
- Older filing: 'Opal Fuels is also a leader' vs. Newer filing: 'We are also a leader' in Overview section
- Older filing: 'and is comprised of non-fossil waste gas' vs. Newer filing: 'and comprised of non-fossil waste gas' (removal of 'is')
- Older filing: 'landfill gas' vs. Newer filing: 'LFG' when referring to gas source from landfills
- Older filing: 'hydrogen fueling stations' vs. Newer filing: 'hydrogen Fueling Stations' (capitalization change)
- Older filing references 'elsewhere in this report' for Risk Factors vs. Newer filing references 'within our Annual Report on Form 10-K for the year ended December 31, 2025'
- Notes:
- Older filing is truncated at end of 'Market Demand for RNG' section, limiting full comparison of subsequent sections
- The filings cover different interim periods (Q1 2026 vs. Q3 2025), which explains some substantive changes like removal of Recent Developments specific to 2025
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
3 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 90 days3 buys ($131950) · 0 sells — 2 buying insiders
- Last 180 days10 buys ($283718) · 0 sells — 3 buying insiders
Cluster buying: 3 different insiders reported open-market purchases (SEC code P) of OPAL within a 30-day window between 2026-05-14 and 2026-06-11. Disclosed Form 4 activity, not a prediction of performance or a buy signal.
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about OPAL's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding OPAL as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 1,677,382
- Reported value $4,227,003
reported quarterly holdings change (2025-12-31 → 2026-03-31): 2 new, 2 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
OPAL had 2,674,644 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for OPAL because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 2,674,644
- Prior settlement (shares) 2,593,584
- Reported change 3.13%
- Days to cover (reported) 13.54
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Clean Energy Fuels (CLNE)
- Waste Management (WM)
- Republic Services (RSG)
- Ameresco (AMRC)
- BP (BP)
- Shell
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare OPAL vs…
Frequently asked questions
What does OPAL FUELS INC CLASS A (OPAL) do?
OPAL Fuels develops, constructs, and operates Biogas Conversion Projects that convert biogas from landfills, dairies, and other waste sources into renewable natural gas (RNG) and renewable power. The company operates fueling stations where it dispenses CNG (compressed natural gas) derived from RNG into vehicle fuel tanks, while monetizing associated environmental attributes including RINs (Renewable Identification Numbers) and LCFS credits through federal and state incentive programs.
What sector is OPAL FUELS INC CLASS A (OPAL) in?
OPAL FUELS INC CLASS A (OPAL) is classified in the Energy sector. Its industry is renewable natural gas / clean energy infrastructure. It trades on NASDAQ.
Who are OPAL FUELS INC CLASS A's (OPAL) competitors?
Notable peers of OPAL FUELS INC CLASS A (OPAL) include Clean Energy Fuels, Waste Management, Republic Services, Ameresco and BP. This peer set is informational only — not financial advice.
Is OPAL FUELS INC CLASS A (OPAL) overbought or oversold right now?
OPAL FUELS INC CLASS A (OPAL) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 44, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on OPAL come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.