Brief: Opal Fuels Says Remainder Of Co’S Adjusted Ebitda Guidance For FY 2023 Remains Unchanged

Opal Fuels

22/11/2023 17:08

Nov 22 (Reuters) - Opal Fuels Inc  OPAL.O :
    * OPAL FUELS INC- ON NOV 17, THE U.S. IRS PROPOSED NEW
REGULATIONS
REGARDING INVESTMENT TAX CREDITS ON RENEWABLE ENERGY PROJECTS
    * OPAL: REGULATIONS HAVE PROVISIONS THAT MAY CREATE
INCONSISTENCIES BETWEEN SOME DESCRIPTIONS OF EQUIPMENT, PROPERTY
ON WHICH ITC CREDITS CAN BE CLAIMED
    * OPAL FUELS INC - BELIEVES IT IS "PRUDENT" TO DELAY
COMPLETION OF
PENDING ITC SALES TRANSACTIONS UNTIL ISSUES ARE CLARIFIED
    * OPAL FUELS: DUE TO DELAY IN COMPLETION OF PENDING ITC
SALES
TRANSACTIONS, CO REMOVING ANTICIPATED ITC PROCEEDS FROM ITS FY
ADJUSTED EBITDA GUIDANCE
    * OPAL FUELS INC- REMAINDER OF CO’S ADJUSTED EBITDA GUIDANCE
FOR
FULL YEAR 2023 REMAINS UNCHANGED


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