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Opal Fuels Inc (OPAL) Strikes Deal to Monetize Section 45Z Tax Credits

Opal Fuels Inc (NASDAQ:OPAL) is one of the best green energy penny stocks to invest in. On April 21, Opal Fuels Inc (NASDAQ:OPAL) announced the signing of an agreement to monetize tax credits under Section 45Z of the US tax code. Section 45Z was created to encourage production of low-carbon fuels, such as renewable natural gas, for the transportation market.

Photo by Max Bender on Unsplash

Opal Fuels said the agreement marks a milestone in advancing its strategy to optimize the value of its platform and expects the first closing in Q2 2026. The company highlighted its efforts to help fleets replace diesel with renewable fuels to enjoy cost savings and stable pricing.

Opal Fuels expects proceeds from monetizing Section 45Z to strengthen its liquidity and support future growth investments. The company looks to invest in new production projects and expand its fuel distribution infrastructure, saying this will help accelerate wider fleet adoption of renewable transportation fuel.

Section 45Z of the tax code, also known as the Clean Fuel Production Credit, has bipartisan support. According to Opal Fuels, the bipartisan support provides policy certainty and bolsters industry confidence in the program’s stability and longevity.

Opal Fuels Inc (NASDAQ:OPAL) produces and distributes renewable natural gas (RNG). It operates RNG production facilities fed by organic waste from dairy farms and landfills. Opal Fuels distributes its gas through a nationwide network of fueling stations that serve transport fleets.

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: 10 Most Undervalued Blockchain Stocks to Buy Now and 10 High-Growth Utility Stocks to Buy According to Analysts.

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