OPALNasdaqGas & Other Services CombinedFiscal year ends December 31
OPAL Fuels Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$1.57+0.01 (+0.64%)
Close on Oct 19, 2026
- Market cap
- $46.54M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
9.8%
17M of 175M shares
Institutional holders
78
11 new, 10 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
14 buys · 0 sales
Net bought $460.72K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Invesco Ltd. | 4,078,082 | 13.40% | 13G (passive) amendment | Jun 30, 2026 |
| Mendocino Capital, LLC | 2,158,547 | 7.40% | 13D (active) amendment | Dec 3, 2025 |
| Nextera Energy Inc | 2,158,547 | 7.40% | 13D (active) amendment | Mar 10, 2026 |
| Barclays PLC | 1,943,715 | 6.83% | 13G (passive) amendment | Sep 30, 2024 |
| Ramya Rao | 1,943,715 | 6.83% | 13G (passive) | Sep 30, 2024 |
| Ran Zhou | 1,800,000 | 6.40% | 13G (passive) amendment | Dec 31, 2023 |
| Mark Comora | 145,336,349 | 84.20% | 13D (active) amendment | Apr 22, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of OPAL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Invesco Ltd. | 4,078,082 | 2.33% | $8.97M | +866,072 | 0.00% |
| Ares Management LLC | 3,059,533 | 1.75% | $6.73M | – | 0.29% |
| Electron Capital Partners, LLC | 1,800,000 | 1.03% | $3.96M | – | 0.16% |
| BlackRock, Inc. | 1,405,752 | 0.80% | $3.09M | +155,469 | 0.00% |
| Vanguard Capital Management LLC | 1,005,343 | 0.58% | $2.21M | −902 | 0.00% |
| Yaupon Capital Management LP | 810,183 | 0.46% | $1.78M | +29,491 | 0.04% |
| UBS Group AG | 596,160 | 0.34% | $1.31M | +114,213 | 0.00% |
| Geode Capital Management, LLC | 546,611 | 0.31% | $1.20M | +24,415 | 0.00% |
| Rockefeller Capital Management L.P. | 453,632 | 0.26% | $997.99K | – | 0.00% |
| SIR Capital Management, L.P. | 373,849 | 0.21% | $822.47K | – | 0.09% |
| Goldman Sachs Group Inc | 351,564 | 0.20% | $773.44K | +94,174 | 0.00% |
| Inspire Investing, LLC | 309,787 | 0.18% | $681.53K | +89,762 | 0.03% |
| Marshall Wace, Llp | 258,126 | 0.15% | $567.88K | +33,681 | 0.00% |
| J. Derek Lewis & Associates Inc. | 248,500 | 0.14% | $546.70K | −11,500 | 0.10% |
| State Street Corp | 238,686 | 0.14% | $525.11K | +14,558 | 0.00% |
| Aqr Capital Management LLC | 193,801 | 0.11% | $426.36K | +129,582 | 0.00% |
| Vanguard Fiduciary Trust Co | 167,256 | 0.10% | $367.96K | +30,922 | 0.00% |
| Northern Trust Corp | 162,881 | 0.09% | $358.34K | −11,253 | 0.00% |
| Vanguard Portfolio Management LLC | 150,493 | 0.09% | $331.09K | +22,702 | 0.00% |
| Adage Capital Partners Gp, L.L.C. | 115,000 | 0.07% | $253.00K | – | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 78 | 17M | 9.8% | 11 / 32 | 15 / 10 | 2M | 0M |
| Q1 2026 | 79 | 16M | 9.1% | 17 / 17 | 27 / 8 | 2M | 3M |
| Q4 2025 | 71 | 18M | 10.0% | 10 / 20 | 22 / 12 | 4M | 1M |
| Q3 2025 | 74 | 15M | 8.6% | 19 / 19 | 20 / 9 | 2M | 2M |
| Q2 2025 | 64 | 15M | 8.3% | 28 / 14 | 8 / 4 | 3M | 2M |
| Q1 2025 | 40 | 13M | 7.6% | 4 / 10 | 12 / 13 | 1M | 2M |
| Q4 2024 | 49 | 14M | 8.1% | 6 / 17 | 10 / 8 | 1M | 1M |
| Q3 2024 | 51 | 14M | 8.2% | 10 / 12 | 12 / 12 | 2M | 2M |
| Q2 2024 | 54 | 15M | 8.4% | 11 / 12 | 18 / 4 | 1M | 1M |
| Q1 2024 | 47 | 16M | 8.9% | 6 / 15 | 13 / 6 | 1M | 1M |
| Q4 2023 | 47 | 16M | 9.4% | 10 / 16 | 9 / 10 | 2M | 0M |
| Q3 2023 | 47 | 14M | 8.2% | 16 / 13 | 8 / 10 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of OPAL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Invesco WilderHill Clean Energy ETF | 4,233,741 | 2.42% | $9.95M | 2.37% | Jul 31, 2026 |
| Vanguard Total Stock Market Index Fund | 728,296 | 0.42% | $1.60M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 603,470 | 0.35% | $1.33M | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 246,318 | 0.14% | $541.90K | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 232,343 | 0.13% | $546.01K | 0.00% | Jul 31, 2026 |
| Inspire Small/Mid Cap ETF | 229,325 | 0.13% | $518.27K | 0.16% | May 31, 2026 |
| iShares Russell 2000 Growth ETF | 213,576 | 0.12% | $469.87K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 122,111 | 0.07% | $275.97K | 0.00% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 108,448 | 0.06% | $245.09K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 71,862 | 0.04% | $158.10K | 0.01% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 43,392 | 0.02% | $98.07K | 0.00% | May 31, 2026 |
| Schwab Small-Cap Index Fund | 40,439 | 0.02% | $95.03K | 0.00% | Jul 31, 2026 |
| Master Small Cap Index Series | 36,625 | 0.02% | $80.58K | 0.00% | Jun 30, 2026 |
| Fidelity Series Total Market Index Fund | 33,804 | 0.02% | $76.40K | 0.00% | May 31, 2026 |
| Nuveen Small Cap Blend Index Fund | 28,453 | 0.02% | $66.86K | 0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Adam Comora | Co-Chief Executive Officer | 509,626 | 0.29% | Sep 8, 2026 |
| Kazi Hasan | Chief Financial Officer | 140,847 | 0.08% | Apr 2, 2026 |
| John Coghlin | General Counsel | 163,485 | 0.09% | Apr 2, 2026 |
| Jonathan Gilbert Maurer | Co-Chief Executive Officer | 370,204 | 0.21% | Apr 2, 2026 |
| Darrell Birck | Executive Vice President | 36,708 | 0.02% | Apr 2, 2026 |
| David C. Unger | Executive Vice President | 230,861 | 0.13% | Apr 2, 2026 |
| Scott Edelbach | Executive Vice President | 13,676 | 0.01% | Apr 10, 2025 |
| Nadeem Nisar | Director | 267,785 | 0.15% | Sep 2, 2026 |
| Scott McDougald Sutton | Director | 50,000 | 0.03% | Jun 15, 2026 |
| Scott V. Dols | Director | 280,495 | 0.16% | May 21, 2026 |
| Mark S. Comora | Director, 10% owner | 145,402,422 | 83.20% | Apr 2, 2026 |
| James J. Martell | Director | 107,224 | 0.06% | Apr 2, 2026 |
| Lance D. Moll | Director | – | – | Apr 2, 2026 |
| Ashok Vemuri | Director | 122,785 | 0.07% | Apr 2, 2026 |
| Betsy L. Battle | Director | 122,785 | 0.07% | Apr 2, 2026 |
| Kevin Michael Fogarty | Director | 106,712 | 0.06% | Apr 2, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Adam Comora Co-Chief Executive Officer | Sep 3, 2026 | Buy | +20,000 | $2.08 | $41.60K | 509,626 |
| Adam Comora Co-Chief Executive Officer | Sep 1, 2026 | Buy | +50,000 | $1.93 | $96.50K | 489,626 |
| Nadeem Nisar Director | Sep 1, 2026 | Buy | +10,000 | $1.91 | $19.10K | 267,785 |
| Nadeem Nisar Director | Aug 31, 2026 | Buy | +10,000 | $1.98 | $19.80K | 257,785 |
| Scott McDougald Sutton Director | Jun 11, 2026 | Buy | +50,000 | $1.95 | $97.50K | 50,000 |
| Nadeem Nisar Director | Jun 3, 2026 | Buy | +5,000 | $2.25 | $11.25K | 247,785 |
| Nadeem Nisar Director | Jun 2, 2026 | Buy | +10,000 | $2.32 | $23.20K | 242,785 |
| Scott V. Dols Director | May 21, 2026 | Buy | +7,946 | $2.00 | $15.89K | 245,672 |
| Scott V. Dols Director | May 20, 2026 | Buy | +4,346 | $2.06 | $8.95K | 237,726 |
| Scott V. Dols Director | May 19, 2026 | Buy | +25,105 | $2.05 | $51.47K | 233,380 |
| Nadeem Nisar Director | May 18, 2026 | Buy | +5,000 | $2.02 | $10.10K | 232,785 |
| Scott V. Dols Director | May 18, 2026 | Buy | +12,603 | $2.02 | $25.46K | 208,275 |
| Nadeem Nisar Director | May 15, 2026 | Buy | +10,000 | $1.94 | $19.40K | 227,785 |
| Nadeem Nisar Director | May 14, 2026 | Buy | +10,000 | $2.05 | $20.50K | 217,785 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +23,243 | – | – | 370,204 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −58,813 | $2.52 | $148.21K | 346,961 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +163,143 | – | – | 405,774 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −8,379 | $2.52 | $21.12K | 361,825 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −24,227 | $2.52 | $61.05K | 242,631 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +67,204 | – | – | 266,858 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −12,930 | $2.52 | $32.58K | 199,654 |
| Jonathan Gilbert Maurer Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +35,868 | – | – | 212,584 |
| Scott V. Dols Director | Mar 31, 2026 | Option exercise | +66,073 | – | – | 195,672 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −58,813 | $2.52 | $148.21K | 424,762 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +23,243 | – | – | 448,005 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +35,868 | – | – | 290,385 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −8,379 | $2.52 | $21.12K | 439,626 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +163,143 | – | – | 483,575 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −24,227 | $2.52 | $61.05K | 320,432 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Option exercise | +67,204 | – | – | 344,659 |
| Adam Comora Co-Chief Executive Officer | Mar 31, 2026 | Tax withholding | −12,930 | $2.52 | $32.58K | 277,455 |
| Mark S. Comora Director, 10% owner | Mar 31, 2026 | Option exercise | +66,073 | – | – | 122,785 |
| Kazi Hasan Chief Financial Officer | Mar 31, 2026 | Tax withholding | −52,931 | $2.52 | $133.39K | 140,847 |
| Kazi Hasan Chief Financial Officer | Mar 31, 2026 | Option exercise | +146,829 | – | – | 193,778 |
| Kazi Hasan Chief Financial Officer | Mar 31, 2026 | Tax withholding | −26,466 | $2.52 | $66.69K | 46,949 |
| Kazi Hasan Chief Financial Officer | Mar 31, 2026 | Option exercise | +73,415 | – | – | 73,415 |
| Darrell Birck Executive Vice President | Mar 31, 2026 | Option exercise | +36,708 | – | – | 36,708 |
| Darrell Birck Executive Vice President | Mar 31, 2026 | Tax withholding | −8,938 | $2.52 | $22.52K | 27,770 |
| Nadeem Nisar Director | Mar 31, 2026 | Option exercise | +66,073 | – | – | 207,785 |
| Betsy L. Battle Director | Mar 31, 2026 | Option exercise | +66,073 | – | – | 122,785 |
| John Coghlin General Counsel | Mar 31, 2026 | Option exercise | +65,258 | – | – | 163,485 |
| John Coghlin General Counsel | Mar 31, 2026 | Option exercise | +16,738 | – | – | 89,218 |
| John Coghlin General Counsel | Mar 31, 2026 | Tax withholding | −6,034 | $2.52 | $15.21K | 83,184 |
| John Coghlin General Counsel | Mar 31, 2026 | Option exercise | +23,522 | – | – | 106,706 |
| John Coghlin General Counsel | Mar 31, 2026 | Tax withholding | −8,479 | $2.52 | $21.37K | 98,227 |
| John Coghlin General Counsel | Mar 31, 2026 | Tax withholding | −23,525 | $2.52 | $59.28K | 139,960 |
| John Coghlin General Counsel | Mar 31, 2026 | Option exercise | +10,847 | – | – | 150,807 |
| John Coghlin General Counsel | Mar 31, 2026 | Tax withholding | −3,910 | $2.52 | $9.85K | 146,897 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Tax withholding | −2,095 | $2.52 | $5.28K | 230,861 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Option exercise | +80,703 | – | – | 204,679 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Tax withholding | −29,093 | $2.52 | $73.31K | 175,586 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Option exercise | +23,522 | – | – | 199,108 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Tax withholding | −8,479 | $2.52 | $21.37K | 190,629 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Option exercise | +57,100 | – | – | 247,729 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Tax withholding | −20,584 | $2.52 | $51.87K | 227,145 |
| David C. Unger Executive Vice President | Mar 31, 2026 | Option exercise | +5,811 | – | – | 232,956 |
| Ashok Vemuri Director | Mar 31, 2026 | Option exercise | +66,073 | – | – | 122,785 |
| James J. Martell Director | Mar 31, 2026 | Option exercise | +66,073 | – | – | 107,224 |
| Adam Comora Co-Chief Executive Officer | Aug 18, 2025 | Buy | +18,256 | $2.32 | $42.35K | 254,517 |
| Adam Comora Co-Chief Executive Officer | Aug 15, 2025 | Buy | +21,744 | $2.30 | $50.01K | 236,261 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Anthony Falbo Officer | May 21, 2024 | 9,621 | $47.72K | May 21, 2024 | STOCK BONUS |