11 High Growth Utility Stocks To Invest In Now

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8. OPAL Fuels Inc. (NASDAQ:OPAL)

Number of Hedge Fund Holders: 13

Average 5-Year Revenue Growth: 27.60%

OPAL Fuels Inc. (NASDAQ:OPAL) produces and distributes renewable natural gas (RNG) for medium- and heavy-duty trucking fleets across the United States. The company also designs and operates fueling stations for both RNG and hydrogen, helping fleets transition away from diesel. OPAL Fuels Inc. (NASDAQ:OPAL) ranks 8th on our list of high growth stocks to invest in. On March 31, the company successfully sold $8.9 million worth of investment tax credits from the Sapphire RNG facility, which it co-owns. The proceeds will boost the company’s net income and cash flow.

In 2024, OPAL Fuels Inc. (NASDAQ:OPAL) brought three new landfill RNG projects online, strengthening its total RNG capacity, both active and under construction, to 11.4 million MMBtu. Since going public in 2022, OPAL has tripled its production and doubled EBITDA, driven by new projects, upgraded biogas facilities, and growth in its fuel station services. The company ended the year with $300 million in revenue, up 17% year-over-year, and $14.3 million in net income. RNG fuel volumes and fueling station activity also saw strong growth. Several new projects broke ground in 2024 for OPAL Fuels Inc. (NASDAQ:OPAL), and an important Atlantic RNG site is set to go live by late 2025. The company is also pushing forward with 47 fueling stations currently under construction.

According to Insider Monkey’s Q4 data, 13 hedge funds were long OPAL Fuels Inc. (NASDAQ:OPAL), compared to 9 funds in the last quarter.

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