OPAL Fuels Inc. (NASDAQ:OPAL) is among the 12 Cheap Penny Stocks to Invest In Now.
On March 27, B. Riley lowered its price target on OPAL Fuels Inc. (NASDAQ:OPAL) to $4 from $5 while maintaining a Buy rating, reflecting updated assumptions following recent refinancing activities and anticipated funding requirements to support capital expenditures through 2027. The revised outlook incorporates near-term financial adjustments while maintaining a constructive long-term view on the company’s growth trajectory. Previously, on March 17, Goldman Sachs raised its price target modestly to $2.40 from $2.10 while maintaining a Sell rating, indicating a more cautious stance despite incremental valuation adjustments.
On March 9, 2026, OPAL Fuels Inc. (NASDAQ:OPAL) announced the closing of a $180 million preferred equity facility with an affiliate of its majority shareholder, Fortistar, including an initial $120 million draw and an additional $60 million available for future funding. A substantial portion of the proceeds was used to redeem existing preferred units, with the remainder allocated toward general corporate purposes, including capital expenditures and project financing. Management indicated that the financing strengthens the company’s ability to execute on its next phase of growth, particularly in expanding renewable natural gas (RNG) production capacity and fueling infrastructure. While the preferred units carry a 12% annual distribution, the capital infusion enhances liquidity and supports long-term project development.
OPAL Fuels Inc. (NASDAQ:OPAL) is a leading producer and distributor of renewable natural gas, focused on serving heavy-duty transportation markets while also developing and operating RNG production and fueling infrastructure across the United States. Positioned at the forefront of the energy transition, the company stands to benefit from increasing regulatory support and demand for low-carbon fuel alternatives. With improved access to capital and a clear pathway to scaling its asset base, OPAL presents a compelling opportunity for investors seeking exposure to high-growth clean energy infrastructure with significant long-term upside.
While we acknowledge the risk and potential of OPAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OPAL and that has 10,000% upside potential, check out our report about this cheapest AI stock.
READ NEXT: 13 Cheapest Strong Buy Stocks to Buy Right Now and 12 High Growth Energy Stocks to Buy Now.
Disclosure: None. Follow Insider Monkey on Google News.
