OPAL Fuels (OPAL) said Monday it has completed the sale of $8.9 million in investment tax credits.
Sapphire RNG facility, a joint venture in which OPAL holds a 50% stake, generated the credits under the Inflation Reduction Act, the company said.
Proceeds from the sale will add to the company's net income and operating cash flow, it said.
Shares of the company were down 2.1% in recent trading.
Price: 1.88, Change: -0.04, Percent Change: -2.08
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.