OPAL Fuels Management
Management criteria checks 4/4
OPAL Fuels' CEO is Adam Comora, appointed in Dec 2020, has a tenure of 5.42 years. total yearly compensation is $3.01M, comprised of 20.4% salary and 79.6% bonuses, including company stock and options. directly owns 1.45% of the company’s shares, worth $5.09M. The average tenure of the management team and the board of directors is 4.9 years and 3.4 years respectively.
Key information
Adam Comora
Chief executive officer
US$3.0m
Total compensation
| CEO salary percentage | 20.42% |
| CEO tenure | 5.4yrs |
| CEO ownership | 1.4% |
| Management average tenure | 4.9yrs |
| Board average tenure | 3.4yrs |
Recent management updates
Recent updates
Analysis Article • May 15
Time To Worry? Analysts Just Downgraded Their OPAL Fuels Inc. (NASDAQ:OPAL) Outlook
Market forces rained on the parade of OPAL Fuels Inc. ( NASDAQ:OPAL ) shareholders today, when the analysts downgraded...
Narrative Update • May 13
OPAL: Future Tax Credit Monetization Will Support RNG Execution Upside
Analysts have adjusted their price targets for OPAL Fuels within a tight range, with some lowering estimates by $1 and others lifting targets to $2.40. These changes reflect updated views on revenue growth, profit margins, discount rates and future P/E expectations.Narrative Update • Apr 26
OPAL: Future Tax Credit Monetization And RNG Execution Will Support Upside
Narrative Update on OPAL Fuels Analysts have adjusted their price targets on OPAL Fuels within a tight range, with one firm trimming its view by $1 and another raising its target to $2.40 from $2.10. These changes reflect updated assumptions around discount rate, revenue growth, profit margin and future P/E, without any change to the $4.00 fair value estimate.Narrative Update • Apr 10
OPAL: Future Execution On Project Pipeline Will Support Upside Potential
Analysts have trimmed their fair value estimate for OPAL Fuels from $5.00 to $4.00, citing updated assumptions that reflect a slightly lower future P/E multiple, modest adjustments to discount rates and margins, and recent mixed price target moves on the stock. Analyst Commentary Recent Street research on OPAL Fuels reflects a mix of caution around targets and some willingness to assign value to execution and project delivery.Narrative Update • Mar 27
OPAL: Preferred Capital And Higher P/E Assumptions Will Support Future Upside Potential
Analysts have raised the average price target on OPAL Fuels to $2.40 from $2.10, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research points to a more constructive view on OPAL Fuels, with the new average price target of US$2.40 reflecting updated assumptions around discount rates, revenue, margins and future P/E multiples.Seeking Alpha • Mar 24
OPAL Fuels: A Tough Business In A Tough Market
Summary OPAL Fuels operates a vertically integrated, nationwide RNG platform targeting heavy-duty transportation and industrial markets with meaningful barriers to entry. Despite consistent topline growth, OPAL stock has underperformed, weighed down by broader de-SPAC sentiment, market skepticism, low margins, and Capex-heavy nature of the industry. OPAL Fuels' recent earnings sparked a stock rally, suggesting latent potential as operational execution continues and market perception may shift. Revenue growth and Insider Buys have triggered a big vote of confidence in the company for me. Read the full article on Seeking AlphaNarrative Update • Mar 12
OPAL: Preferred Equity Funding And Warrants Will Support Future Upside Potential
Analysts kept their $5.00 price target on OPAL Fuels in place, citing only minor tweaks to inputs such as a slightly lower discount rate and small adjustments to revenue growth, profit margin, and future P/E assumptions that did not materially change their view of fair value. What's in the News OPAL Fuels entered into a Subscription Agreement with Preferred Fuels LLC, an affiliate of Fortistar LLC, to issue 1,800,000 Series A Preferred Units at $100 per unit, for a potential total of up to $180,000,000 in multiple closings on March 6, 2026 (Key Developments).Narrative Update • Feb 26
OPAL: Steady Fair Value And Slightly Higher Assumptions Will Support Future Upside
Analysts have kept their $5.00 price target for OPAL Fuels unchanged, citing only minor adjustments in assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio as the basis for maintaining their previous view. Valuation Changes Fair Value: Kept unchanged at $5.00 per share, in line with the maintained price target.Narrative Update • Feb 11
OPAL: Steady Fair Value And Refined Assumptions Will Support Future Upside
Analysts have adjusted their price target for OPAL Fuels to $5.00. The modest change is linked to updated assumptions around discount rate, revenue growth, profit margin and future P/E, even though the fair value estimate remains at $5.00.Narrative Update • Jan 27
OPAL: Steady Fair Value And Refined Assumptions Will Support Future Upside
Analysts have nudged their price target on OPAL Fuels slightly higher to US$5.00, reflecting modest tweaks to assumptions around discount rate, revenue growth, profit margins and future P/E that together support a steady fair value view. Valuation Changes Fair Value: Held steady at US$5.00 per share, indicating no change in the central valuation outcome.Narrative Update • Jan 12
OPAL: Higher Future P/E Assumptions Will Support Margin Expansion Potential
Narrative Update on OPAL Fuels Analysts have adjusted their price target for OPAL Fuels to US$5.00 from US$5.00, citing updated assumptions for revenue growth, profit margins, and future P/E that slightly lift the discount rate used in their models. Valuation Changes Fair Value: Unchanged at US$5.00 per share, indicating no adjustment to the central valuation output.Narrative Update • Dec 26
OPAL: New Landfill Gas Projects Will Drive Future Margin Expansion
Analysts have modestly increased their price target on OPAL Fuels to approximately 5 dollars per share, citing slightly lower discount rate assumptions, marginally stronger long term revenue growth, and a small improvement in expected profit margins and forward earnings multiples. What's in the News OPAL Fuels, South Jersey Industries, and Atlantic County Utilities Authority began commercial operations at a new RNG facility in Egg Harbor Township, New Jersey, converting landfill gas into renewable natural gas for use as a lower carbon fuel alternative (company announcement).Narrative Update • Dec 12
OPAL: New Landfill RNG Projects Will Drive Long-Term Margin Expansion
Analysts have raised their price target on OPAL Fuels from 5.00 dollars to 5.50 dollars per share, citing a lower perceived risk profile from a reduced discount rate, improved long term profit margin expectations, and a more conservative view on revenue growth and future valuation multiples. What's in the News OPAL Fuels, together with South Jersey Industries and the Atlantic County Utilities Authority, brought a new RNG facility in Egg Harbor Township, New Jersey, into commercial operation, converting landfill gas into renewable natural gas for transportation and utility markets (Key Developments) The Egg Harbor Township facility, located at ACUA's solid waste landfill, has a nameplate capacity of 2,500 SCFM of landfill gas and is expected to produce more than 650,000 MMBtu, or over 4.6 million gasoline gallon equivalent per year of RNG (Key Developments) The project is the first to deliver RNG into the South Jersey Gas pipeline system and marks the inaugural collaboration under the 50/50 joint venture between OPAL Fuels and South Jersey Industries to develop, construct, own, and operate RNG facilities (Key Developments) A second joint venture project, the anticipated Burlington RNG Facility in Florence Township, New Jersey, is in the pipeline as the next collaboration between OPAL Fuels and South Jersey Industries (Key Developments) A ribbon cutting ceremony for the Egg Harbor Township RNG facility is planned for October 2025, with a detailed media advisory to be issued closer to the event (Key Developments) Valuation Changes Fair Value: Unchanged at 5.0 dollars per share, indicating no revision to the intrinsic value estimate.Analysis Article • Dec 07
OPAL Fuels Inc. (NASDAQ:OPAL) Soars 26% But It's A Story Of Risk Vs Reward
OPAL Fuels Inc. ( NASDAQ:OPAL ) shareholders have had their patience rewarded with a 26% share price jump in the last...Analysis Article • Oct 30
Investors Met With Slowing Returns on Capital At OPAL Fuels (NASDAQ:OPAL)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'll want...
Narrative Update • Sep 05
Favorable Policies Will Drive RNG Market Expansion
Despite the consensus analyst price target for OPAL Fuels remaining steady at $3.38, a substantial drop in the future P/E ratio from 41.18x to 6.76x signals improved earnings expectations without a corresponding adjustment to fair value. What's in the News OPAL Fuels was added to multiple Russell indexes, including the Russell 2000, 2500, 3000, and Microcap indexes.Analysis Article • Aug 15
Earnings Troubles May Signal Larger Issues for OPAL Fuels (NASDAQ:OPAL) Shareholders
NasdaqCM:OPAL 1 Year Share Price vs Fair Value Explore OPAL Fuels's Fair Values from the Community and select yours The...Analysis Article • May 06
A Piece Of The Puzzle Missing From OPAL Fuels Inc.'s (NASDAQ:OPAL) 35% Share Price Climb
OPAL Fuels Inc. ( NASDAQ:OPAL ) shareholders are no doubt pleased to see that the share price has bounced 35% in the...Analysis Article • Mar 14
OPAL Fuels Inc. (NASDAQ:OPAL) Might Not Be As Mispriced As It Looks After Plunging 27%
To the annoyance of some shareholders, OPAL Fuels Inc. ( NASDAQ:OPAL ) shares are down a considerable 27% in the last...Analysis Article • Mar 03
Investors Will Want OPAL Fuels' (NASDAQ:OPAL) Growth In ROCE To Persist
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • Nov 14
Why OPAL Fuels' (NASDAQ:OPAL) Shaky Earnings Are Just The Beginning Of Its Problems
The subdued market reaction suggests that OPAL Fuels Inc.'s ( NASDAQ:OPAL ) recent earnings didn't contain any...Analysis Article • Oct 12
These 4 Measures Indicate That OPAL Fuels (NASDAQ:OPAL) Is Using Debt Extensively
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Narrative • Sep 19
Renewable Energy Innovations Propel Revenue And Profitability Surge
Strategic sales practices and expansion of EPA-certified projects suggest a positive revenue trajectory through increased RIN sales.Analysis Article • Aug 08
Returns On Capital At OPAL Fuels (NASDAQ:OPAL) Have Stalled
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Seeking Alpha • Mar 28
OPAL Fuels: Well-Developed Business, But Currently Slightly Overvalued
Summary OPAL Fuels operates in the RNG market, with a focus on RNG production, fuel station services, and renewable power. It has made significant investments to increase its RNG production and expand its network of fuel stations. Despite its well-developed verticalized business model, OPAL faces challenges such as low OCF generation, high debt, and the risk of capital dilution. Read the full article on Seeking AlphaAnalysis Article • Mar 20
There May Be Some Bright Spots In OPAL Fuels' (NASDAQ:OPAL) Earnings
Soft earnings didn't appear to concern OPAL Fuels Inc.'s ( NASDAQ:OPAL ) shareholders over the last week. We think that...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$2m |
| Dec 31 2025 | US$3m | US$615k | US$4m |
| Sep 30 2025 | n/a | n/a | US$683k |
| Jun 30 2025 | n/a | n/a | US$2m |
| Mar 31 2025 | n/a | n/a | US$642k |
| Dec 31 2024 | US$3m | US$592k | US$561k |
| Sep 30 2024 | n/a | n/a | US$5m |
| Jun 30 2024 | n/a | n/a | US$2m |
| Mar 31 2024 | n/a | n/a | US$20m |
| Dec 31 2023 | US$2m | US$568k | US$19m |
| Sep 30 2023 | n/a | n/a | US$20m |
| Jun 30 2023 | n/a | n/a | US$20m |
| Mar 31 2023 | n/a | n/a | US$1m |
| Dec 31 2022 | US$2m | US$507k | US$3m |
| Sep 30 2022 | n/a | n/a | US$21m |
| Jun 30 2022 | n/a | n/a | US$23m |
| Mar 31 2022 | n/a | n/a | US$43m |
| Dec 31 2021 | US$1m | US$396k | US$42m |
Compensation vs Market: Adam's total compensation ($USD3.01M) is about average for companies of similar size in the US market ($USD2.65M).
Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.
CEO
Adam Comora
5.4yrs
Tenure
US$3,010,261
Compensation
Mr. Adam J. Comora serves as Co-Chief Executive Officer of OPAL Fuels Inc. since December 2020 and served as its President. Mr. Comora served as Chief Executive Officer of Opal Fuels LLC (formerly TruStar...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chief Executive Officer | 5.4yrs | US$3.01m | 1.45% $ 5.1m | |
| Co-Chief Executive Officer | 5.4yrs | US$3.04m | 1.19% $ 4.2m | |
| CFO & Principal Accounting Officer | 1.3yrs | US$3.23m | 0.46% $ 1.6m | |
| General Counsel | 4.9yrs | US$1.51m | 0.48% $ 1.7m | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Senior Director of Communications & Public Policy | no data | no data | no data | |
| Executive Vice President of Sustainable Fuels Origination | 5.4yrs | US$1.29m | 0.76% $ 2.7m | |
| Executive Vice President of Biogas | 1.4yrs | no data | 0.091% $ 321.3k | |
| Chief Revenue Officer for Fuel Station Services | less than a year | no data | no data |
4.9yrs
Average Tenure
57yo
Average Age
Experienced Management: OPAL's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | less than a year | no data | no data | |
| Independent Director | 2.9yrs | US$210.00k | 0.35% $ 1.2m | |
| Chairman | 5.4yrs | US$210.00k | 0.40% $ 1.4m | |
| Independent Director | 3.8yrs | US$225.00k | 0.40% $ 1.4m | |
| Director | less than a year | US$67.92k | no data | |
| Independent Director | 3.8yrs | US$203.04k | 0.64% $ 2.3m | |
| Director | 5.4yrs | US$205.00k | 0.68% $ 2.4m | |
| Director | 3.8yrs | US$195.00k | 0.40% $ 1.4m | |
| Independent Director | less than a year | US$82.50k | no data | |
| Independent Director | less than a year | no data | no data |
3.4yrs
Average Tenure
60yo
Average Age
Experienced Board: OPAL's board of directors are considered experienced (3.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/15 12:23 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
OPAL Fuels Inc. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ryan Pfingst | B. Riley Securities, Inc. |
| Adam Bubes | Goldman Sachs |
| Martin Malloy | Johnson Rice & Company, L.L.C. |