Clean Energy Fuels Corp.
CLNE · Price history
Price at last available close
$1.43
−$0.14 (-8.92%) 1M
2026-10-28
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Clean Energy Fuels Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Clean Energy Fuels Corp. specializes in providing natural gas as an alternative fuel source and comprehensive fueling infrastructure, primarily serving markets in the United States and Canada. The company supplies various forms of natural gas, including bio-based renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG), specifically for medium and heavy-duty transportation. Beyond fuel delivery, Clean Energy Fuels offers full-spectrum services for fueling stations, encompassing their design, construction, operation, and ongoing maintenance for both public and private vehicle fleet clients.
How they make money
Clean Energy Fuels Corp. generates revenue primarily through the procurement and distribution of renewable natural gas (RNG) and conventional natural gas (CNG and LNG) for the transportation market. The company also earns income by designing, building, operating, and maintaining vehicle fueling stations, as well as by generating and selling environmental credits, such as RINs and LCFS credits, derived from its waste-to-energy operations.
Products & services
The company provides renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) as transportation fuels, alongside the design, construction, operation, and maintenance of fueling infrastructure and related equipment.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
Customer types
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- RNG production facility owners — Third-party owners of RNG production facilities that enter into long-term offtake agreements with the company.Source
Business relationships & partnerships
Strengths
- Leading market share in RNG for transportation fuel in California and the U.S.Source
Risks
- Dependence on environmental credit markets and government initiativesSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
20
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
22
Poor
Financial Strength
7
Business Quality / Moat
40
Management
25
Growth Quality
25
Risk / Durability
12
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
43
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
49/100
Building Historical Record
Model Score 49/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Recent buyback activity is present
- •Debt service risk
- •M&A headline · Aug 5, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CLNE
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can CLNE maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is CLNE's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is CLNE's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for CLNE to reach sustainable profitability?
- •What future growth or profitability would be needed to justify CLNE's current valuation?
Essential Investment Snapshot
Wall Street Score
20
Opportunity Score
43
Market Cap
$315.2M
P/E Ratio
-3.6
EPS
$-0.44
52-Week High
$3.11
52-Week Low
$1.54
Beta
1.82
Analyst Target
$2.50
Shares Outstanding
220.6M
Total Revenue
$442.3M
Total Debt
$320.7M
Dividend
No current dividend
Liquidation Value / Share
$2.53
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Normal movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CLNE
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~-1.8x). Earnings may be strained to cover interest expense.
M&A headline · Aug 5, 2026
1,274,277 Shares in Clean Energy Fuels Corp. $CLNE Acquired by Arrowstreet Capital Limited Partnership — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on CLNE.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Leading market share in RNG for transportation fuel in California and the U.S.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Refining & Marketing industry.
- −Dependence on environmental credit markets and government initiatives.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
6 historical score records availablePrevious Score
20
Sep 14, 2026
Change
+0.1
points
Current Score
20
Oct 1, 2026
Category Changes
CLNE increased 0.1 points because overall fundamentals improved.
Projected Score
Projected Score
21
Projected Change
+0.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 0.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.43
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $442.3M | $426.5M | $415.9M | $425.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $358.0M | $408.5M | $332.3M | $389.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $84.3M | $18.0M | $83.6M | $35.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $106.1M | $111.8M | $111.8M | $112.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $116.7M | $111.8M | $119.9M | $112.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.1M | -$74.2M | -$4.1M | -$31.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$32.4M | -$93.9M | -$36.4M | -$76.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $48.6M | $52.7M | $32.2M | $22.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$94.6M | -$225.5M | -$81.0M | -$100.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $186K | -$2.8M | $2.7M | -$423K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$94.1M | -$222.0M | -$83.1M | -$99.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.44 | $-1.01 | $-0.37 | $-0.45 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 220M | 221M | 223M | 223M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 220M | 221M | 223M | 223M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$106.4M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.07
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-14.2%
Cash Change
-55.2%
Margin Change
+5.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.1%. EPS declined 22.2%. Cash declined 55.2%. Total debt declined 14.2%. Net income margin improved by 5.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Oil & Gas Refining & MarketingNews
Clean Energy Names Sean Wine as Chief Revenue Officer
Contrasting Clean Energy Fuels (NASDAQ:CLNE) & EOG Resources (NYSE:EOG)
BlackRock Inc. Has $30.76 Million Position in Clean Energy Fuels Corp. $CLNE
Why Clean Energy Fuels Stock Slumped This Week
Rumor Mill · CLNE
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial