OPAL

Company Overview — What Does OPAL Fuels Inc. Do?

OPAL Fuels Inc. engages in the production and distribution of renewable natural gas for the heavy-duty truck market. It 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 services for hydrogen fueling stations. The company is based in White Plains, New York. OPAL Fuels Inc. (OPAL) is classified as a micro-cap stock in the Utilities sector. The company is led by CEO Adam J. Comora; Jonathan Maurer and employs approximately 270 people. With a market capitalization of $71M, OPAL is one of the notable companies in the Utilities sector.

OPAL Fuels Inc. (OPAL) Stock Rating — Hold (April 2026)

As of April 2026, OPAL Fuels Inc. receives a Hold rating with a composite score of 42.6/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.OPAL ranks #1,241 out of 4,446 stocks in our coverage universe. Within the Utilities sector, OPAL Fuels Inc. ranks #80 of 112 stocks, placing it in the lower half of its Utilities peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

OPAL Stock Price and 52-Week Range

OPAL Fuels Inc. (OPAL) currently trades at $2.45. The stock lost $0.02 (0.8%) in the most recent trading session. The 52-week high for OPAL is $4.08, which means the stock is currently trading -39.9% from its annual peak. The 52-week low is $1.26, putting the stock 94.5% above its annual trough. Recent trading volume was 149K shares, suggesting relatively thin trading activity.

Is OPAL Overvalued or Undervalued? — Valuation Analysis

OPAL Fuels Inc. (OPAL) carries a value factor score of 48/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 1.90x, compared to the Utilities sector average of 23.47x — a discount of 92%. The price-to-book ratio stands at 6.89x, versus the sector average of 1.98x. The price-to-sales ratio is 0.21x, compared to 0.82x for the average Utilities stock. On an enterprise value basis, OPAL trades at 32.14x EV/EBITDA, versus 4.75x for the sector.

Overall, OPAL's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

OPAL Fuels Inc. Profitability — ROE, Margins, and Quality Score

OPAL Fuels Inc. (OPAL) earns a quality factor score of 47/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 363.6%, compared to the Utilities sector average of 9.9%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 4.1% versus the sector average of 3.1%.

On a margin basis, OPAL Fuels Inc. reports gross margins of 31.0%, compared to 53.1% for the sector. The operating margin is 3.9% (sector: 21.5%). Net profit margin stands at 11.2%, versus 12.8% for the average Utilities stock. Revenue growth is running at 17.5% on a trailing basis, compared to 20.1% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

OPAL Debt, Balance Sheet, and Financial Health

OPAL Fuels Inc. has a debt-to-equity ratio of 3420.0%, compared to the Utilities sector average of 164.5%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.47x, suggesting adequate working capital coverage. Total debt on the balance sheet is $351M. Cash and equivalents stand at $30M.

OPAL has a beta of 1.17, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for OPAL Fuels Inc. is 28/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

OPAL Fuels Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, OPAL Fuels Inc. reported revenue of $333M and earnings per share (EPS) of $0.05. Net income for the quarter was $37M. Gross margin was 31.0%. Operating income came in at $13M.

In Q3 2025, OPAL Fuels Inc. reported revenue of $83M and earnings per share (EPS) of $0.05. Net income for the quarter was $11M. Revenue grew -0.8% year-over-year compared to Q3 2024. Operating income came in at $4M.

In Q2 2025, OPAL Fuels Inc. reported revenue of $80M and earnings per share (EPS) of $0.03. Net income for the quarter was $8M. Revenue grew 13.4% year-over-year compared to Q2 2024. Operating income came in at $-827,000.

In Q1 2025, OPAL Fuels Inc. reported revenue of $85M and earnings per share (EPS) of $-0.01. Net income for the quarter was $1M. Revenue grew 31.5% year-over-year compared to Q1 2024. Operating income came in at $-2M.

Over the past 8 quarters, OPAL Fuels Inc. has demonstrated a growth trajectory, with revenue expanding from $65M to $333M. Investors analyzing OPAL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

OPAL Dividend Yield and Income Analysis

OPAL Fuels Inc. (OPAL) does not currently pay a dividend. This is common among smaller companies in the Utilities industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Utilities dividend stocks may want to explore other Utilities stocks or use the stock screener to filter by dividend yield.

OPAL Momentum and Technical Analysis Profile

OPAL Fuels Inc. (OPAL) has a momentum factor score of 42/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 27/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 54/100 reflects moderate short selling activity.

OPAL vs Competitors — Utilities Sector Ranking and Peer Comparison

Within the Utilities sector, OPAL Fuels Inc. (OPAL) ranks #80 out of 112 stocks based on the Blank Capital composite score. This places OPAL in the lower half of all Utilities stocks in our coverage universe. Key competitors and sector peers include Energy Transfer LP (ET) with a score of 52.6/100, Southwest Gas Holdings, Inc. (SWX) with a score of 54.8/100, NEXTERA ENERGY INC (NEE) with a score of 51.6/100, EDISON INTERNATIONAL (EIX) with a score of 53.0/100, and TC ENERGY CORP (TRP) with a score of 53.1/100.

Comparing OPAL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OPAL vs S&P 500 (SPY) comparison to assess how OPAL Fuels Inc. stacks up against the broader market across all factor dimensions.

OPAL Next Earnings Date

No upcoming earnings date has been announced for OPAL Fuels Inc. (OPAL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy OPAL? — Investment Thesis Summary

OPAL Fuels Inc. presents a balanced picture with arguments on both sides. High volatility (stability score 28/100) increases portfolio risk.

In summary, OPAL Fuels Inc. (OPAL) earns a Hold rating with a composite score of 42.6/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OPAL stock.

Related Resources for OPAL Investors

Explore more research and tools: OPAL vs S&P 500 comparison, top Utilities stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OPAL head-to-head with peers: OPAL vs ET, OPAL vs SWX, OPAL vs NEE.