Clean Energy Fuels (CLNE) AI Stock Analysis

• Market Cap: $464.06M
• Dividend Yield: N/A
• Average Volume (3M): 2.35M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: 6.50%
• EPS Growth: -151.25%
• Country: US
• Employees: 577
• Sector: Energy
• Sector Strength: 51
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): 0.01
• Shares Outstanding: 220,981,920
• 10 Day Avg. Volume: 1,697,600
• 30 Day Avg. Volume: 2,353,660
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.00
• Price Target Upside: 85.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 60 Neutral
• Price Target: $2.00 ▼(-7.41%Downside)

Clean Energy Fuels' overall stock score reflects a mixed financial performance with stable revenue but ongoing losses. Technical analysis shows positive momentum, but valuation metrics are unattractive due to negative earnings. The earnings call provided a balanced view with strong results and expansion efforts, tempered by challenges in RNG volumes and economic uncertainties.

Positive Factors

Financial performance

1Q25 EBITDA benefited from a large increase in fuel margins, with margins steadily increasing.

Growth potential

Non-wholesale gallon volume should grow ~7% in 2025, and there is optimism that broad fleet adoption of the new 15L engine can set the stage for a meaningful penetration rate over the next few years.

Negative Factors

Guidance concerns

The 2025 outlook was below expectations due to RIN credit headwinds and the timing of opening new RNG production facilities.

Market challenges

Purchasing of heavy-duty trucks slowed, indicating potential challenges in the market.

Clean Energy Fuels Business Overview & Revenue Model

Company Description

Clean Energy Fuels Corp. (CLNE) is a leading provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company specializes in the supply of renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) to a variety of sectors, including trucking, airport shuttles, refuse, and public transit. Clean Energy Fuels also offers fueling station design, construction, and operation services, making it a comprehensive partner for businesses looking to switch to cleaner energy sources.

How the Company Makes Money

Clean Energy Fuels generates revenue primarily through the sale of RNG, CNG, and LNG to fleet customers across different industries. The company earns money by operating a network of fueling stations and selling these alternative fuels directly to end-users. Additionally, Clean Energy Fuels benefits from various environmental credits and incentives associated with the production and sale of renewable fuels. The company also provides services such as the design and construction of fueling stations, further contributing to its earnings. Strategic partnerships with fleet operators and municipalities enhance its distribution network and customer base, supporting revenue growth.

Clean Energy Fuels Financial Statement Overview

Summary

Clean Energy Fuels shows mixed financial health with stable revenue but ongoing losses. The company has a solid equity base and conservative leverage, providing some stability. However, negative profit margins and returns on equity highlight the need for strategic improvements. Positive free cash flow suggests potential for future operational resilience.

Income Statement

Clean Energy Fuels demonstrates a fluctuating financial performance with a consistent negative EBIT and net income over the periods examined. The gross profit margin for the latest TTM is 22.69%, showing some profitability before operating expenses. However, the net profit margin remains negative at -47.98%, indicating ongoing challenges in achieving profitability. Revenue has remained relatively stable, showing a slight decrease from the previous periods, which poses a challenge for growth expectations.

Balance Sheet

The balance sheet reveals moderate stability with a debt-to-equity ratio of 0.16 in the latest TTM, indicating a conservative use of leverage. The equity ratio stands at 53.45%, suggesting a strong equity base relative to total assets. Return on equity is negative at -33.45%, reflecting challenges in generating returns for shareholders amidst persistent losses.

Cash Flow

The cash flow statement shows a positive free cash flow of $24.44 million in the latest TTM, indicating some operational resilience. The operating cash flow to net income ratio is -0.43, reflecting the current inefficiencies in converting income into cash. However, the improvement in free cash flow compared to previous periods suggests efforts towards better cash management.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Clean Energy Fuels Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLNE, the sentiment is Positive. The current price of 2.16 is above the 20-day moving average (MA) of 2.11, above the 50-day MA of 1.97, and below the 200-day MA of 2.32, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 56.96 is Neutral, neither overbought nor oversold. The STOCH value of 51.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CLNE.

Clean Energy Fuels Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SGU	72 Outperform	$407.53M	6.90	16.51%	6.05%	2.38%	114.29%
Sector *	67 Neutral	$15.31B	9.88	6.83%	5.21%	4.41%	-68.95%
PARR	67 Neutral	$1.65B	3.02	-4.95%	―	-9.25%	-113.66%
CLNE	60 Neutral	$464.06M	―	-30.25%	―	6.50%	-151.25%
AMTX	58 Neutral	$176.63M	―	37.38%	―	-7.51%	-67.44%
CAPL	54 Neutral	$845.00M	27.98	666.62%	9.47%	-6.57%	-50.55%
DK	51 Neutral	$1.42B	―	-151.69%	4.37%	-29.23%	-931.43%

Clean Energy Fuels Corporate Events

Clean Energy Fuels Holds Annual Stockholder Meeting

On May 22, 2025, Clean Energy Fuels Corp. held its annual meeting of stockholders, where four proposals were considered and voted upon. The stockholders elected seven directors to the board, ratified KPMG LLP as the independent accounting firm for 2025, approved the executive compensation on a non-binding basis, and adopted the Amended and Restated 2024 Performance Incentive Plan. These decisions are expected to impact the company’s governance and operational strategies moving forward.

The most recent analyst rating on (CLNE) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Clean Energy Fuels stock, see the CLNE Stock Forecast page.