Symbols / CLNE Stock $2.06 -0.24% Clean Energy Fuels Corp.

Energy • Oil & Gas Refining & Marketing • United States • NMS
CLNE (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas Refining & Marketing
CEO Mr. Barclay F. Corbus
Exch · Country NMS · United States
Market Cap 453.66M
Enterprise Value 656.91M
Income -99.47M
Sales 438.62M
FCF (ttm) -19.27M
Book/sh 2.53
Cash/sh 0.57
Employees 503
Insider 10d —
IPO May 25, 2007
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 137.33
PEG 4.72
P/S 1.03
P/B 0.81
P/C —
EV/EBITDA 73.15
EV/Sales 1.50
Quick Ratio 1.83
Current Ratio 2.46
Debt/Eq 57.47
LT Debt/Eq —
EPS (ttm) -0.47
EPS next Y 0.01
EPS Growth —
Revenue Growth 13.30%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-07
ROA -1.90%
ROE -17.17%
ROIC —
Gross Margin 27.31%
Oper. Margin -2.46%
Profit Margin -22.68%
Shs Outstand 220.22M
Shs Float 173.78M
Insider Own 21.62%
Instit Own 48.49%
Short Float 3.45%
Short Ratio 4.36
Short Interest 5.68M
52W High 3.11
vs 52W High -33.76%
52W Low 1.69
vs 52W Low 21.89%
Beta 1.93
Impl. Vol. 34.39%
Rel Volume 1.18
Avg Volume 1.37M
Volume 1.62M
Target (mean) $3.88
Tgt Median $4.00
Tgt Low $2.50
Tgt High $6.00
# Analysts 6
Recom Strong_buy
Prev Close $2.06
Price $2.06
Change -0.24%
About

Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions 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 provides operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains vehicle 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. The company was incorporated in 2001 and is headquartered in Newport Beach, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.88
Mean price target
2. Current target
$2.06
Latest analyst target
3. DCF / Fair value
$-1.57
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.06
Low
$2.50
High
$6.00
Mean
$3.88

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-12 main UBS Buy → Buy $3
2025-08-08 down Jefferies Buy → Hold $2
2025-05-09 main Lake Street Buy → Buy $5
2025-04-11 main Scotiabank Sector Outperform → Sector Outperform $4
2025-02-25 reit Raymond James Strong Buy → Strong Buy $4
2024-09-03 main Scotiabank Sector Outperform → Sector Outperform $6
2024-04-18 main Piper Sandler Overweight → Overweight $4
2024-04-11 main Scotiabank Sector Outperform → Sector Outperform $5
2024-04-03 main Raymond James Strong Buy → Strong Buy $5
2024-03-06 main Scotiabank Sector Outperform → Sector Outperform $6
2024-01-23 main Stifel Buy → Buy $7
2023-11-27 main Stifel Buy → Buy $8
2023-10-03 up Raymond James Outperform → Strong Buy $6
2023-09-05 init Northland Capital Markets — → Outperform $8
2023-08-22 main Stifel Buy → Buy $7
2023-07-13 init Stifel — → Buy $6
2023-06-06 main Piper Sandler Overweight → Overweight $7
2023-04-05 up Raymond James Market Perform → Outperform $6
2023-03-06 main TD Cowen — → Market Perform $6
2023-02-28 init Piper Sandler — → Overweight $8
News
RSS: Latest CLNE news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-22 LITTLEFAIR ANDREW J Director — 403,255 $0.00 $0
2026-04-22 CORBUS BARCLAY FLEMING Chief Executive Officer — 166,532 $0.00 $0
2026-03-02 LITTLEFAIR ANDREW J Chief Executive Officer — 250,000 $0.00 $0
2026-03-02 CORBUS BARCLAY FLEMING Officer — 200,000 $0.00 $0
2026-03-02 VREELAND ROBERT M Chief Financial Officer — 200,000 $0.00 $0
2025-09-18 CORBUS BARCLAY FLEMING Officer — 105,300 $2.63 $276,928
2025-08-14 LITTLEFAIR ANDREW J Chief Executive Officer — 250,000 $2.25 $562,500
2025-05-22 TAORMINA VINCENT C Director — 32,258 $0.00 $0
2025-05-22 SCULLY STEPHEN Director — 32,258 $0.00 $0
2025-05-22 ARDISANA LIZABETH A Director — 32,258 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
424.83
+2.16%
415.87
-2.19%
425.16
+1.19%
420.16
Operating Revenue
424.83
+2.16%
415.87
-2.19%
425.16
+1.19%
420.16
Cost Of Revenue
408.53
+22.95%
332.28
-14.64%
389.29
+7.42%
362.42
Reconciled Cost Of Revenue
408.53
+22.95%
332.28
-14.64%
389.29
+7.42%
362.42
Gross Profit
16.30
-80.50%
83.58
+133.05%
35.87
-37.90%
57.75
Operating Expense
111.84
+0.00%
111.83
-0.38%
112.27
+2.57%
109.46
Selling General And Administration
111.84
+0.00%
111.83
-0.38%
112.27
+2.57%
109.46
Total Expenses
520.37
+17.17%
444.12
-11.45%
501.56
+6.29%
471.87
Operating Income
-95.54
-238.17%
-28.25
+63.02%
-76.40
-47.76%
-51.71
Total Operating Income As Reported
-159.86
-339.75%
-36.35
+52.42%
-76.40
-47.76%
-51.71
EBITDA
-74.16
-1717.28%
-4.08
+87.22%
-31.92
-2080.33%
1.61
Normalized EBITDA
-9.84
-344.59%
4.02
+112.60%
-31.92
-2080.33%
1.61
Reconciled Depreciation
98.61
+120.41%
44.74
-2.05%
45.67
-16.46%
54.67
EBIT
-172.77
-253.90%
-48.82
+37.09%
-77.60
-46.24%
-53.06
Total Unusual Items
-64.33
-693.98%
-8.10
0.00
0.00
Total Unusual Items Excluding Goodwill
-64.33
-693.98%
-8.10
0.00
0.00
Special Income Charges
-64.33
-693.98%
-8.10
0.00
0.00
Impairment Of Capital Assets
64.33
0.00
0.00
—
Write Off
0.00
-100.00%
8.10
0.00
0.00
Net Income
-222.02
-167.27%
-83.07
+16.51%
-99.50
-69.41%
-58.73
Pretax Income
-225.46
-178.35%
-81.00
+19.42%
-100.52
-69.31%
-59.37
Net Non Operating Interest Income Expense
-41.30
-127.27%
-18.17
-54.33%
-11.78
-301.36%
-2.93
Interest Expense Non Operating
52.69
+63.73%
32.18
+40.37%
22.92
+263.41%
6.31
Net Interest Income
-41.30
-127.27%
-18.17
-54.33%
-11.78
-301.36%
-2.93
Interest Expense
52.69
+63.73%
32.18
+40.37%
22.92
+263.41%
6.31
Interest Income Non Operating
11.38
-18.72%
14.01
+25.63%
11.15
+230.41%
3.37
Interest Income
11.38
-18.72%
14.01
+25.63%
11.15
+230.41%
3.37
Other Income Expense
-88.62
-156.32%
-34.57
-180.05%
-12.35
-161.05%
-4.73
Other Non Operating Income Expenses
2.45
+2210.38%
0.11
-35.76%
0.17
+73.68%
0.10
Gain On Sale Of Business
—
—
0.00
0.00
Tax Provision
-2.82
-204.75%
2.69
+736.41%
-0.42
-292.27%
0.22
Tax Rate For Calcs
0.00
-93.81%
0.00
+4890.49%
0.00
-98.00%
0.00
Tax Effect Of Unusual Items
-0.84
+50.85%
-1.70
0.00
0.00
Net Income Including Noncontrolling Interests
-222.64
-166.03%
-83.69
+16.39%
-100.10
-67.98%
-59.59
Net Income From Continuing Operation Net Minority Interest
-222.02
-167.27%
-83.07
+16.51%
-99.50
-69.41%
-58.73
Net Income From Continuing And Discontinued Operation
-222.02
-167.27%
-83.07
+16.51%
-99.50
-69.41%
-58.73
Net Income Continuous Operations
-222.64
-166.03%
-83.69
+16.39%
-100.10
-67.98%
-59.59
Minority Interests
0.61
-1.13%
0.62
+3.00%
0.60
-29.87%
0.86
Normalized Income
-158.53
-106.77%
-76.67
+22.94%
-99.50
-69.41%
-58.73
Net Income Common Stockholders
-222.02
-167.27%
-83.07
+16.51%
-99.50
-69.41%
-58.73
Diluted EPS
—
-0.37
+17.78%
-0.45
-73.08%
-0.26
Basic EPS
—
-0.37
+17.78%
-0.45
-73.08%
-0.26
Basic Average Shares
—
223.35
+0.20%
222.90
+0.22%
222.41
Diluted Average Shares
—
223.35
+0.20%
222.90
+0.22%
222.41
Diluted NI Availto Com Stockholders
-222.02
-167.27%
-83.07
+16.51%
-99.50
-69.41%
-58.73
Earnings From Equity Interest
-26.74
-0.61%
-26.58
-112.44%
-12.51
-159.33%
-4.82
Line Item Trend 2023-12-31
Total Assets
1,259.46
Current Assets
470.18
Cash Cash Equivalents And Short Term Investments
263.13
Cash And Cash Equivalents
104.94
Other Short Term Investments
158.19
Receivables
118.20
Accounts Receivable
98.43
Gross Accounts Receivable
99.90
Allowance For Doubtful Accounts Receivable
-1.48
Other Receivables
8.37
Taxes Receivable
8.88
Loans Receivable
0.19
Inventory
45.34
Raw Materials
45.34
Prepaid Assets
—
Restricted Cash
2.02
Hedging Assets Current
—
Other Current Assets
41.49
Total Non Current Assets
789.28
Net PPE
424.08
Gross PPE
916.22
Accumulated Depreciation
-492.14
Properties
0.00
Land And Improvements
7.40
Machinery Furniture Equipment
167.33
Construction In Progress
125.39
Other Properties
616.11
Goodwill And Other Intangible Assets
70.69
Goodwill
64.33
Other Intangible Assets
6.37
Investments And Advances
258.77
Long Term Equity Investment
258.77
Other Non Current Assets
35.73
Total Liabilities Net Minority Interest
525.81
Current Liabilities
163.82
Payables And Accrued Expenses
143.21
Payables
56.99
Accounts Payable
56.99
Current Accrued Expenses
86.22
Pensionand Other Post Retirement Benefit Plans Current
5.32
Total Tax Payable
—
Current Debt And Capital Lease Obligation
8.48
Current Debt
0.04
Other Current Borrowings
0.04
Current Capital Lease Obligation
8.45
Current Deferred Liabilities
4.94
Current Deferred Revenue
4.94
Other Current Liabilities
1.88
Total Non Current Liabilities Net Minority Interest
361.99
Long Term Debt And Capital Lease Obligation
352.03
Long Term Debt
261.12
Long Term Capital Lease Obligation
90.90
Other Non Current Liabilities
9.96
Stockholders Equity
726.77
Common Stock Equity
726.77
Capital Stock
0.02
Common Stock
0.02
Preferred Stock
0.00
Share Issued
223.03
Ordinary Shares Number
223.03
Treasury Shares Number
0.00
Additional Paid In Capital
1,658.34
Retained Earnings
-929.47
Gains Losses Not Affecting Retained Earnings
-2.12
Minority Interest
6.88
Other Equity Adjustments
-2.12
Total Equity Gross Minority Interest
733.65
Total Capitalization
987.89
Working Capital
306.35
Invested Capital
987.93
Total Debt
360.51
Net Debt
156.22
Capital Lease Obligations
99.35
Net Tangible Assets
656.08
Tangible Book Value
656.08
Current Provisions
—
Derivative Product Liabilities
0.00
Financial Assets
—
Interest Payable
1.45
Investments In Other Ventures Under Equity Method
258.77
Non Current Note Receivables
—
Notes Receivable
2.33
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
85.53
+32.44%
64.58
+47.52%
43.78
-34.40%
66.73
Cash Flow From Continuing Operating Activities
85.53
+32.44%
64.58
+47.52%
43.78
-34.40%
66.73
Net Income From Continuing Operations
-222.64
-166.03%
-83.69
+16.39%
-100.10
-67.98%
-59.59
Depreciation Amortization Depletion
98.61
+120.41%
44.74
-2.05%
45.67
-16.46%
54.67
Depreciation And Amortization
98.61
+120.41%
44.74
-2.05%
45.67
-16.46%
54.67
Other Non Cash Items
10.54
+34.86%
7.82
+264.26%
2.15
+27.13%
1.69
Stock Based Compensation
74.97
+4.75%
71.57
-14.75%
83.94
+65.33%
50.77
Provisionand Write Offof Assets
4.01
+49.40%
2.68
+51.27%
1.77
-12.87%
2.04
Asset Impairment Charge
64.33
+658.41%
8.48
+1237.85%
0.63
0.00
Deferred Tax
-2.88
-209.35%
2.63
+610.68%
-0.52
-397.69%
0.17
Deferred Income Tax
-2.88
-209.35%
2.63
+610.68%
-0.52
-397.69%
0.17
Operating Gains Losses
51.83
+90.71%
27.18
+43.80%
18.90
+144.41%
7.73
Gain Loss On Investment Securities
-0.39
-400.76%
0.13
-17.09%
0.16
+130.56%
-0.52
Gain Loss On Sale Of PPE
2.71
+478.42%
0.47
-45.77%
0.86
+7091.67%
0.01
Change In Working Capital
6.76
+140.20%
-16.82
-93.80%
-8.68
-193.90%
9.24
Change In Receivables
-2.79
+65.90%
-8.18
-6.04%
-7.71
-619.31%
-1.07
Change In Inventory
-4.43
-7680.70%
-0.06
+99.50%
-11.39
-22.25%
-9.32
Change In Prepaid Assets
2.29
-62.12%
6.03
+1082.94%
0.51
+137.34%
-1.37
Change In Payables And Accrued Expense
8.63
+180.33%
-10.74
-172.80%
14.75
-42.36%
25.59
Change In Accrued Expense
10.22
+27.00%
8.04
+44794.44%
-0.02
-100.11%
16.27
Change In Payable
-1.59
+91.54%
-18.78
-227.18%
14.77
+58.41%
9.32
Change In Account Payable
-1.59
+91.54%
-18.78
-227.18%
14.77
+58.41%
9.32
Change In Other Working Capital
11.48
+420.45%
2.21
+349.72%
-0.88
+31.07%
-1.28
Change In Other Current Liabilities
-8.40
-38.03%
-6.09
-53.83%
-3.96
-19.40%
-3.31
Investing Cash Flow
63.10
+181.23%
-77.68
+61.55%
-202.01
-36.00%
-148.54
Cash Flow From Continuing Investing Activities
63.10
+181.23%
-77.68
+61.55%
-202.01
-36.00%
-148.54
Net PPE Purchase And Sale
-54.76
+31.02%
-79.38
+34.41%
-121.02
-127.72%
-53.14
Purchase Of PPE
-59.88
+25.10%
-79.96
+34.07%
-121.28
-126.68%
-53.50
Sale Of PPE
5.13
+790.28%
0.58
+119.85%
0.26
-27.22%
0.36
Capital Expenditure
-59.88
+25.10%
-79.96
+34.07%
-121.28
-126.68%
-53.50
Net Investment Purchase And Sale
131.44
+260.76%
36.43
+404.50%
-11.96
-42.64%
-8.39
Purchase Of Investment
-854.58
+6.52%
-914.21
-86.10%
-491.25
-19.81%
-410.03
Sale Of Investment
986.02
+3.72%
950.64
+98.35%
479.29
+19.33%
401.64
Net Business Purchase And Sale
-13.13
+49.33%
-25.91
+63.10%
-70.23
+21.71%
-89.70
Purchase Of Business
-16.49
+49.87%
-32.89
+55.22%
-73.45
+18.12%
-89.70
Net Other Investing Changes
-0.46
+94.83%
-8.82
-836.39%
1.20
-55.48%
2.69
Financing Cash Flow
-82.11
-4123.82%
-1.94
-101.40%
139.12
+36.86%
101.65
Cash Flow From Continuing Financing Activities
-82.11
-4123.82%
-1.94
-101.40%
139.12
+29.09%
107.77
Net Issuance Payments Of Debt
-66.22
-2864.06%
-2.23
-101.50%
149.11
+35.69%
109.88
Issuance Of Debt
0.00
0.00
-100.00%
300.25
+85.82%
161.58
Repayment Of Debt
-66.22
-2864.06%
-2.23
+98.52%
-151.15
-192.36%
-51.70
Long Term Debt Issuance
—
—
—
161.58
Long Term Debt Payments
-66.22
-2864.06%
-2.23
+98.52%
-151.15
-192.36%
-51.70
Net Long Term Debt Issuance
-66.22
-2864.06%
-2.23
-101.50%
149.11
+35.69%
109.88
Short Term Debt Issuance
—
—
0.00
-100.00%
1.70
Short Term Debt Payments
—
—
0.00
+100.00%
-1.70
Net Short Term Debt Issuance
—
—
0.00
0.00
Net Common Stock Issuance
-7.97
-12560.94%
0.06
-73.55%
0.24
-82.27%
1.36
Common Stock Payments
-7.97
0.00
0.00
+100.00%
-6.12
Repurchase Of Capital Stock
-7.97
0.00
0.00
+100.00%
-6.12
Net Other Financing Charges
-7.92
-3603.98%
0.23
+102.21%
-10.23
-6.54%
-9.60
Changes In Cash
66.52
+542.12%
-15.04
+21.29%
-19.11
-196.35%
19.84
Effect Of Exchange Rate Changes
-0.32
+9.27%
-0.36
-378.13%
0.13
+137.10%
-0.34
Beginning Cash Position
91.56
-14.40%
106.96
-15.08%
125.95
+18.31%
106.46
End Cash Position
157.76
+72.29%
91.56
-14.40%
106.96
-15.08%
125.95
Free Cash Flow
25.64
+266.78%
-15.38
+80.16%
-77.50
-685.96%
13.23
Interest Paid Supplemental Data
14.96
-45.41%
27.40
+67.49%
16.36
+773.47%
1.87
Income Tax Paid Supplemental Data
0.04
-31.67%
0.06
-22.08%
0.08
+13.24%
0.07
Common Stock Issuance
—
0.06
-73.55%
0.24
-82.27%
1.36
Earnings Losses From Equity Investments
26.74
+0.61%
26.58
+112.44%
12.51
+159.33%
4.82
Issuance Of Capital Stock
—
0.06
-73.55%
0.24
-82.27%
1.36
Sale Of Business
3.36
-51.88%
6.98
+116.50%
3.22
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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