OPAL Fuels (OPAL) Shares Outstanding (2021 - 2026)
OPAL Fuels (OPAL) recorded Shares Outstanding of 29.64 million in Q2 2026, up 4.9% from 28.27 million a year earlier and up 4.7% from the prior quarter.
Powered by 
Analysis
OPAL Fuels (OPAL) Shares Outstanding (2021 - 2026) Analysis & Trends
For FY2025, OPAL Fuels reported Shares Outstanding of 28.14 million, up 1.9% from FY2024.
- Annual Shares Outstanding has increased for three straight years, though with a four-year compound annual growth rate of -3.9% (FY2021 to FY2025).
- Across earlier years, Shares Outstanding came in at 27.62 million in FY2024 (+1.7%), 27.15 million in FY2023 (+5.3%), 25.77 million in FY2022 (-21.8%) and 32.97 million in FY2021.
- The Q2 2026 figure is the highest quarterly Shares Outstanding since Q2 2022.
- On a year-over-year basis, Shares Outstanding has increased for nine consecutive quarters, with growth averaging 2.3% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 5.3% in Q4 2023, against a decline of 29.6% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 28.3 million (Q1 2026), 28.14 million (Q4 2025) and 28.28 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Plug Power | 2.71 Bn | 1.80 Bn | -1.68 Mn | 1.39 Bn |
| 2 | Rex American Resources | 1.44 Bn | 86.32 Mn | 53.30 Mn | 33.09 Mn |
| 3 | Green Plains | 1.06 Bn | 456.27 Mn | 113.03 Mn | 69.11 Mn |
| 4 | Montauk Renewables | 391.06 Mn | 318.84 Mn | - | 143.24 Mn |
| 5 | Clean Energy Fuels | 343.76 Mn | -312.04 Mn | 30.14 Mn | 220.26 Mn |
| 6 | Gevo | 326.35 Mn | 43.33 Mn | 19.80 Mn | 237.05 Mn |
| 7 | OPAL Fuels | 305.82 Mn | 38.43 Mn | 24.47 Mn | 29.64 Mn |
| 8 | Aemetis | 128.25 Mn | 112.00 Mn | 13.52 Mn | 70.89 Mn |
| 9 | Verde Clean Fuels | 47.67 Mn | -150.80 Mn | - | 22.07 Mn |
| 10 | Blue Biofuels | 32.35 Mn | 32.16 Mn | - | 321.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.64 Mn |
| Mar 31, 2026 | 28.30 Mn |
| Dec 31, 2025 | 28.14 Mn |
| Sep 30, 2025 | 28.28 Mn |
| Jun 30, 2025 | 28.27 Mn |
| Mar 31, 2025 | 27.72 Mn |
| Dec 31, 2024 | 27.62 Mn |
| Sep 30, 2024 | 27.71 Mn |
| Jun 30, 2024 | 27.67 Mn |
| Mar 31, 2024 | 27.37 Mn |
| Dec 31, 2023 | 27.15 Mn |
| Sep 30, 2023 | 26.98 Mn |
| Jun 30, 2023 | 26.98 Mn |
| Mar 31, 2023 | 27.38 Mn |
| Dec 31, 2022 | 25.77 Mn |
| Sep 30, 2022 | 25.67 Mn |
| Jun 30, 2022 | 31.12 Mn |
| Mar 31, 2022 | 38.90 Mn |
| Dec 31, 2021 | 32.97 Mn |
| Sep 30, 2021 | 31.12 Mn |
API Access
OPAL Fuels Shares Outstanding API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding&ticker=OPAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "OPAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding&ticker=OPAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();