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OPAL Fuels Inc. (OPAL)

Utilities | Utilities - Regulated Gas | White Plains, United States | NasdaqCM
2.56 USD +0.06 (2.400%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 2.51 -0.05 (-0.050%) ⇩ (April 17, 2026, 6:27 p.m. EDT)

Short-term: ★☆☆☆☆ | Long-term: ★★☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 1:01 a.m. EDT

OPAL Fuels is flashing classic bearish divergence flags. The fundamental thesis is damaged: negative book value (-$0.44/share), negative free cash flow (-$59M), and a recent 'Strong Sell' from Zacks. The technicals confirm this weakness with the stock trading well below its 200-day average and showing <2.3% volume relative to average, signaling lack of buyer interest. Most alarmingly, the asymmetric options skew (extremely high implied volatility for immediate puts vs negligible call activity) reveals a crowd betting on a failure, likely triggered by quarterly underwhelming performance or the recent downgrade narrative. Until FCF turns positive and guidance stabilizes, this is a cash-burning value trap.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.108298
AutoETS0.108300
MSTL0.119029
AutoTheta0.133224

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 80%
H-stat 0.87
Ljung-Box p 0.000
Jarque-Bera p 0.403
Excess Kurtosis -0.91
Attribute Value
Sector Utilities
Debt to Equity Ratio 73.98
Revenue per Share 12.402
Market Cap 443,904,384
Trailing P/E 17.07
Forward P/E 13.47
Beta 0.93
Profit Margins 4.23%
Website https://opalfuels.com

As of April 19, 2026, 1:01 a.m. EDT: Options flow indicates strong near-term protective positioning. For the April 17 expiration (1-day out), Put Open Interest is heavily concentrated at the ATM (211 contracts) compared to only 4 ITM contracts, with very low or zero OI at the $5.00 strike, suggesting sellers are not hedging for massive upside but are focused on capping downside or realizing losses near current price. Conversely, the $5.00 strike (OTM) shows significant Put OI (4 contracts) at a massive discount (last price $2.6 vs strike $5.0), indicating speculative naked put selling (betting on further decline or dividend-related dips), or potentially pinning/protection at a distance, though volume is low. The spread between ATM IV for Puts (5.63) and Calls (1.0) on the immediate expiration suggests a strong seller bias or lack of call support near current levels. Upcoming months (June/Sept) show OI skewed towards OTM strikes ($5.00) regardless of underlying direction, indicating distant hedging or speculation that assumes a wider trading range, but the overall sentiment is dominated by resistance at the $2.50 region.


Info Dump

Attribute Value
52 Week Change 0.939394
Address1 One North Lexington Avenue
Address2 Suite 1450
All Time High 12.352
All Time Low 1.26
Ask 2.56
Ask Size 1
Audit Risk 9
Average Daily Volume10 Day 127,660
Average Daily Volume3 Month 226,053
Average Volume 226,053
Average Volume10Days 127,660
Beta 0.933
Bid 2.52
Bid Size 1
Board Risk 10
Book Value -0.446
City White Plains
Compensation As Of Epoch Date 1,735,603,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 2.56
Current Ratio 1.177
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 2.575
Day Low 2.5
Debt To Equity 73.98
Display Name OPAL Fuels
Earnings Call Timestamp End 1,773,673,200
Earnings Call Timestamp Start 1,773,673,200
Earnings Quarterly Growth 2.802
Earnings Timestamp 1,773,664,200
Earnings Timestamp End 1,778,157,000
Earnings Timestamp Start 1,778,157,000
Ebitda 23,032,000
Ebitda Margins 0.066
Enterprise To Ebitda 40.325
Enterprise To Revenue 2.661
Enterprise Value 928,761,856
Eps Current Year 0.235
Eps Forward 0.19
Eps Trailing Twelve Months 0.15
Esg Populated 0
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.2703
Fifty Day Average Change 0.28970003
Fifty Day Average Change Percent 0.1276043
Fifty Two Week Change Percent 93.9394
Fifty Two Week High 4.08
Fifty Two Week High Change -1.52
Fifty Two Week High Change Percent -0.37254903
Fifty Two Week Low 1.3
Fifty Two Week Low Change 1.26
Fifty Two Week Low Change Percent 0.9692308
Fifty Two Week Range 1.3 - 4.08
Financial Currency USD
First Trade Date Milliseconds 1,621,863,000,000
Float Shares 15,731,658
Forward Eps 0.19
Forward P E 13.473684
Free Cashflow -59,553,752
Full Exchange Name NasdaqCM
Full Time Employees 330
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.26145
Gross Profits 91,239,000
Has Pre Post Market Data 1
Held Percent Insiders 0.27295
Held Percent Institutions 0.65484
Implied Shares Outstanding 173,400,158
Industry Utilities - Regulated Gas
Industry Disp Utilities - Regulated Gas
Industry Key utilities-regulated-gas
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary 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. It operates through three segments, RNG Fuel, Fuel Station Services and Renewable Power. 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.
Long Name OPAL Fuels Inc.
Market us_market
Market Cap 443,904,384
Market State CLOSED
Max Age 86,400
Message Board Id finmb_226080908
Most Recent Quarter 1,767,139,200
Net Income To Common 4,283,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 74,155,863
Number Of Analyst Opinions 7
Open 2.54
Operating Cashflow 36,498,000
Operating Margins 0.058590002
Overall Risk 10
Payout Ratio 0.0
Phone 914 705 4000
Post Market Change -0.049999952
Post Market Change Percent -1.9531232
Post Market Price 2.51
Post Market Time 1,776,464,830
Previous Close 2.5
Price Eps Current Year 10.893617
Price Hint 4
Price To Book -5.73991
Price To Sales Trailing12 Months 1.2720234
Profit Margins 0.04227
Quick Ratio 0.938
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0599999
Regular Market Change Percent 2.4
Regular Market Day High 2.575
Regular Market Day Low 2.5
Regular Market Day Range 2.5 - 2.575
Regular Market Open 2.54
Regular Market Previous Close 2.5
Regular Market Price 2.56
Regular Market Time 1,776,456,000
Regular Market Volume 132,242
Return On Assets 0.0032499998
Return On Equity 0.07564
Revenue Growth 0.247
Revenue Per Share 12.402
Sand P52 Week Change 0.38150132
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 10
Shares Outstanding 29,001,120
Shares Percent Shares Out 0.0511
Shares Short 1,481,259
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 1,579,266
Short Name OPAL Fuels Inc.
Short Percent Of Float 0.0616
Short Ratio 5.15
Source Interval 15
State NY
Symbol OPAL
Target High Price 4.0
Target Low Price 2.4
Target Mean Price 3.20857
Target Median Price 3.0
Total Cash 24,408,000
Total Cash Per Share 0.842
Total Debt 368,240,000
Total Revenue 348,975,008
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.15
Trailing P E 17.066666
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.361475
Two Hundred Day Average Change 0.19852495
Two Hundred Day Average Change Percent 0.0840682
Type Disp Equity
Volume 132,242
Website https://opalfuels.com
Zip 10,601