OPAL Fuels Inc.
OPALUtilitiesNASDAQUtilities - Regulated Gas · Last scanned May 29, 2026
Scan Results
Daily timeframe1 of 4 indicators bullish as of May 28
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. The $388.0M market capitalization puts OPAL squarely in small-cap range for its industry. It operates through three segments, RNG Fuel, Fuel Station Services and Renewable Power.
Market Cap
$388.0M
Beta
0.76
P/E (TTM)
31.71
P/E (Fwd)
17.08
EPS (TTM)
$0.07
EPS (Fwd)
$0.13
ROE
6.0%
ROA
0.2%
Cash
$135.8M
Total Debt
$447.2M
Free CF
-$85.2M
52W Change
-37.5%
Annual Financials
Cash vs Debt
On the balance sheet, OPAL has $135.8M in cash with $447.2M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$85.2M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 6.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.2% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $235.5M (2022) to $349.0M (2025), reflecting a 48% increase over the period.
Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing OPAL.