NextEra Energy Amends OPAL Fuels Stake, Event Date Dec 29, 2023

TL;DR

**NextEra Energy just updated its OPAL Fuels stake, watch for potential shifts.**

AI Summary

NextEra Energy Inc. filed an amended Schedule 13D on January 5, 2024, indicating a change in its beneficial ownership of OPAL Fuels Inc. Class A Common Stock. The filing states that the event requiring this amendment occurred on December 29, 2023. This matters to investors because NextEra Energy is a significant holder in OPAL Fuels, and any changes in its stake could signal shifts in its investment strategy or outlook for OPAL Fuels, potentially influencing market perception and stock performance.

Why It Matters

This filing updates NextEra Energy's reported beneficial ownership in OPAL Fuels, which can impact investor sentiment and potentially signal future actions by a major shareholder.

Risk Assessment

Risk Level: medium — Changes in significant shareholder positions can introduce volatility and uncertainty for the stock.

Analyst Insight

Investors should monitor subsequent filings from NextEra Energy to understand the nature and extent of any changes in their OPAL Fuels holdings, as this could signal a shift in their long-term investment thesis.

Key Players & Entities

• NextEra Energy Inc. (company) — the filer and reporting person
• OPAL Fuels Inc. (company) — the subject company whose securities are being reported
• Charles E. Sieving, Esq. (person) — Executive Vice President & General Counsel for NextEra Energy, authorized to receive notices
• December 29, 2023 (date) — the date of the event requiring the filing of this statement
• $0.0001 (dollar_amount) — par value per share of OPAL Fuels Class A Common Stock

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• nextera13d.htm (SC 13D/A) — 216KB
• 0001123292-24-000005.txt ( ) — 218KB

Identity and Background

Item 2. Identity and Background. The second and third paragraphs of Item 2 of the Schedule 13D are hereby amended and restated as follows: Schedule I attached hereto lists the directors and executive officers of NEE (the "Related Parties") and their respective principal occupation, address and citizenship. During the last five years, the Reporting Person has not, and, to the Reporting Person's knowledge, none of the Related Parties has, (i) been convicted in a criminal proceeding of the type specified in Item 2(d) of Schedule 13D, or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer. Items 5(a) – (c) of the Schedule 13D are hereby amended and restated to read as follows: Items 5(a) and (b): The information set forth on the cover page of this Schedule 13D is incorporated herein.

(c)

Item 5(c): The Reporting Persons have sold 341,453 shares of Class A Common Stock in the following transactions during the past 60 days. All shares of Class A Common Stock reported below were sold by Mendocino in the open market. Date Number of Shares Sold Average Sale Price 12/20/23 52,621 $ 5.43 12/21/23 48,830 $ 5.39 12/22/23 67,098 $ 5.46 12/26/23 52,755 $ 5.43 12/27/23 28,696 $ 5.63 12/28/23 9,278 $ 5.70 12/29/23 65,667 $ 5.48 01/02/24 6,505 $ 5.36 01/03/24 9,203 $ 5.34 01/04/24 800 $ 5.30 SIGNATURE After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 5, 2024 NEXTERA ENERGY, INC. By: /s/ Mark Hickson Name: Mark Hickson Title: Executive Vice President, Corporate Development and Strategy MENDOCINO CAPITAL, LLC By: /s/ Mark Hickson Name: Mark Hickson Title: President ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). JOINT FILING AGREEMENT We, the signatories of the statement to which this Joint Filing Agreement is attached, hereby agree that such Date: January 5, 2024 NEXTERA ENERGY, INC. By: /s/ Mark Hickson Name: Mark Hickson Title: Executive Vice President, Corporate Development and Strategy MENDOCINO CAPITAL, LLC By: /s/ Mark Hickson Name: Mark Hickson Title: President Schedule I The name, present principal occupation or employment and citizenship of each of the directors and executive officers of NEE are set forth below. The business address of each individual is c/o NextEra Energy, Inc., 700 Universe Boulevard, Juno Beach, Florida 33408 Name of Director of NEE Principal Occupation or Employment Citizenship Nicole S. Arnaboldi Partner

View Full Filing

View this SC 13D/A filing on SEC EDGAR