The share price of OPAL Fuels Inc. (NASDAQ:OPAL) surged by 48% between May 22 and May 29, 2025, putting it among the Energy Stocks that Gained the Most This Week. Let’s shed some light on the development.
A natural gas pipeline glowing in the night sky, revealing its importance to everyday life.
OPAL Fuels Inc. is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas (RNG).
OPAL Fuels Inc. continues to surge after recently announcing that it has formed a joint venture with Republic Services to develop a new biogas-to-RNG production facility at Republic’s Charlotte Motor Speedway Landfill in Concord, NC. The new facility will have an initial annual design capacity of approximately 1.4 million MMBtu, and the project is expected to come online consistent with recent RNG project timelines.
It must be mentioned that OPAL Fuels Inc. posted results for its Q1 2025 earlier this month, reporting a net income of $1.3 million compared to $0.7 million in the same period last year. The company’s revenue also grew by 31% YoY $85.4 million, and beat forecasts by $3.16 million. OPAL also reported a 38% YoY increase in RNG production to 1.1 million MMBtu during the first quarter. Moreover, there has also been recent news of OPAL insiders significantly raising their stakes in the company, further solidifying investor confidence.
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