Clean Energy Fuels Corp. (CLNE) AI Stock Analysis

Clean Energy Fuels Corp. specializes in providing natural gas as a sustainable alternative fuel for vehicle fleets across the United States and Canada. The company offers fueling solutions including renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG), primarily for medium and heavy-duty vehicles. Clean Energy Fuels also designs, constructs, operates, and maintains fueling stations nationwide. In addition to fuel distribution, it develops, owns, and operates RNG production projects using dairy and livestock waste. Furthermore, the company trades environmental credits and incentives, including Renewable Identification Numbers (RINs) and Low Carbon Fuel Standard (LCFS) credits.

Between FY2020 and FY2025, revenue recorded a 5-year CAGR of 7.9%. Revenue grew from $255.6M in FY2021 to $420.2M in FY2022, eventually reaching $426.5M in FY2025. Gross margin contracted to 4.2% in FY2025 from 20.1% in FY2024, and operating margin changed from -8.7% to -22.0%. Annual net income went from -$83.1M in FY2024 to -$222.0M in FY2025, producing EPS of -$0.30. Across the trailing twelve months, revenue reached $442.4M with a net profit margin of -21.3% and EPS of -$0.43. For the quarter ended June 30, 2026, revenue increased 3.7% year-over-year, and quarterly earnings growth was 512.0%.

As of June 30, 2026, Clean Energy Fuels held $140.2M in cash and short-term investments against total debt of $320.7M, resulting in net debt of $180.6M. Total assets stood at $1.03B and shareholders' equity was $553.3M. The company maintains a current ratio of 2.48 and a debt-to-equity ratio of 0.58. During FY2025, operating cash flow reached $85.5M, while free cash flow stood at $25.6M. Capital expenditures totaled $59.9M and share buybacks accounted for $7.9M in FY2025.

At a last close of $1.50, Clean Energy Fuels has a market capitalization of $330.7M and an enterprise value of $541.7M. The stock trades at a price-to-sales multiple of 0.7x, below the 1.8x median of its US-listed Energy peers. Its forward P/E ratio is 6.9x compared to the peer median of 12.7x, while its EV-to-EBITDA ratio is 261.0x versus the peer median of 8.0x. Over the past year, CLNE declined 47.2%, trailing the S&P 500 (SPY) gain of 16.8%. Over five years, the stock fell 83.3% against an 83.0% increase for the S&P 500.

Analyst coverage consists of 4 Strong Buy ratings and 2 Hold ratings. The mean price target is $4.01, which sits 167.2% above the last close of $1.50. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $430.8M and EPS of -$0.09. For the following fiscal year, 4 analysts estimate revenue of $439.8M and EPS of -$0.04. Over the last four quarters, Clean Energy Fuels beat EPS estimates 2 times. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Clean Energy Fuels Corp. (CLNE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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