Clean Energy Fuels Corp.

Clean Energy Fuels Corp.

CLNEยทNASDAQ

$2.01

-4.7%
EnergyOil & Gas Refining & Marketing

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2021, the company served approximately 1,000 fleet customers operating approximately 48,000 vehicles; and owned, operated, or supplied approximately 548 fueling stations in 42 states in the United States and 25 fueling stations in Canada. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.

At a Glance

Live Snapshot
Market Cap$442.65M
EPS-1.0100
P/E Ratio-1.99
Earnings Date08/06/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -2.0).

Valuation inputs: P/E -2.0, earnings yield N/A, momentum -4.7%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -39.7%, ROIC -10.1%).

Profitability stack: net margin -52.3%, ROE -39.7%, ROIC -10.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +46.5%, momentum -4.7%, net margin -52.3%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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Clean Energy Fuels Corp. Market vs Earnings Trajectory

CLNE ยท NASDAQ

Loading price and EPS data...

Clean Energy Fuels Corp.

Clean Energy Fuels Corp. Fair Value Envelope

CLNE ยท NASDAQ

Our analysis suggests that CLNE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $2.01, this represents a potential HIDDEN relative to our calculated worth for Clean Energy Fuels Corp..

Intrinsic Value
Current Price: $2.01
3Y+288.0%
5Y+1920.0%
10Y+910.0%
3Y+1.0%
5Y+46.0%
10Y+6.0%
3Y+278.0%
5Y+2151.0%
10Y+1727.0%
3Y+28.0%
5Y+40.0%
10Y+86.0%
3Y+352.0%
5Y+25.0%
10Y+167.0%
3Y-2.0%
5Y+48.0%
10Y+18.0%
Clean Energy Fuels Corp.

Clean Energy Fuels Corp. Profit Bridge

CLNE ยท NASDAQ
Revenue424.83M
Cost of Goods Sold (408.53M)
Gross Profit17.97M
Operating Expenses (111.84M)
Operating Income-93.87M
Interest Expense (52.69M)
Other Income/Expense-131.58M
Pretax Income-225.46M
Income Tax (-2.82M)
Net Income-222.02M
Net Income
-222.02M

Profitability Analysis

Gross Margin

4.2%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

-22.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-52.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

4.23%
Gross Profit Margin
-79%
3Y-69.0%
5Y-79.0%
10Y-81.0%
-22.10%
Operating Profit Margin
153%
3Y+80.0%
5Y+555.0%
10Y+404.0%
-52.26%
Net Profit Margin
162%
3Y+274.0%
5Y+1446.0%
10Y+1632.0%
-39.69%
Return on Equity
241%
3Y+387.0%
5Y+1966.0%
10Y+1431.0%
-21.01%
Return on Assets
215%
3Y+287.0%
5Y+1423.0%
10Y+1451.0%
-10.12%
Return on Invested Capital
206%
3Y+84.0%
5Y+560.0%
10Y+321.0%
CLNE

Clean Energy Fuels Corp. Cash Conversion Engine

CLNE ยท NASDAQ
Net Income-222.02M
Depreciation & Amortization41.32M
Stock-Based Compensation8.87M
Change in Working Capital6.76M
Others253.43M
Capital Expenditures-25.68M
Free Cash Flow59.85M

Cash Flow Quality Analysis

FCF Conversion Rate

-27.0%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

30.0%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+14418.2%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$6.76M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

clne

Clean Energy Fuels Corp. Funding & Solvency Profile

CLNE ยท NASDAQ
Cash & Cash Equivalents57.66M
Net Receivables117.05M
Inventory42.68M
Other Current Assets44.12M
Total Current Assets332 M
Property, Plant & Equipment403.98M
Goodwill & Intangible Assets9.77M
Long-Term Investments270.29M
Other Non-Current Assets20.54M
Total Non-Current Assets695 M
Total Assets
1.04B

Financial Health Analysis

Current Ratio

2.46x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.84x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

197 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

32% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

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Clean Energy Fuels Corp. Street Expectations Map

CLNE ยท NASDAQ

Wall Street analysts project that CLNE stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 3.50, with estimates ranging from a low of 2.00 to a high of 5.00.

Lowest Target
2.00
-0.50%
Consensus Target
3.50
74.13%
Highest Target
5.00
148.76%

The consensus 1-year price target stands at 3.50, with estimates ranging from a low of 2.00 to a high of 5.00.

Analyst Consensus Analysis

Upside Potential

+74.1%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

85.7% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

299.00x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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Clean Energy Fuels Corp. Insider Positioning

CLNE ยท NASDAQ

During the last 12 months, insiders have sold $1.18M worth of CLNE shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

165.0K

337.64K

Net Activity

-338K

-$338K

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

105.3K

276.93K

Net Activity

-277K

-$277K

9-12 Months

Bought

0

0.00

Sold

250.0K

562.50K

Net Activity

-563K

-$563K

Top Buyers

No buying activity

Top Sellers

1
LAJ

Littlefair Andrew J

Director

415.0K sharesโ€ข2 transactions

$900K

2
CB

Corbus Barclay

Officer: Svp, Strategic Development

105.3K sharesโ€ข1 transactions

$277K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.18M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$338K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

2 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Persistent selling pressure: Consistent insider selling with weak buy/sell ratio suggests insiders may be capitalizing on current valuation. Exercise caution and review recent earnings quality and management commentary.

No Dividend Yield Data

CLNE has not reported any dividend yield values in the available annual periods.

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clne Dividend History

CLNE
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%