CLEAN ENERGY FUELS CORP (CLNE)
Energy · Renewable natural gas and alternative transportation fuels distribution · NASDAQ
Clean Energy Fuels provides renewable natural gas for the commercial transportation sector, transforming organic waste into a low-carbon alternative to diesel.
What CLEAN ENERGY FUELS CORP does
Clean Energy Fuels is a renewable energy company that procures and distributes renewable natural gas (RNG) and conventional natural gas as compressed natural gas (CNG) and liquefied natural gas (LNG) for transportation markets in the U.S. and Canada. The company captures biogas from non-fossil sources like dairy waste and landfills, processes it into RNG, and sells it as vehicle fuel through its network of 582 fueling stations, while also generating valuable environmental credits. It operates and maintains fueling stations, sells bulk natural gas to industrial customers, and supplies RNG to heavy-duty trucking fleets and other commercial transportation sectors.
Themes: renewable natural gas / biogas, clean transportation fuels, carbon reduction / negative emissions, environmental credits trading (RINs, LCFS), heavy-duty trucking decarbonization, waste-to-energy, fueling infrastructure
Fundamentals
- Price$1.62 as of 2026-08-21 close
- Market cap$357M as of 2026-08-21
- 1-year return-32.5% 2025-08-21 close $2.40 → 2026-08-21 close $1.62
- P/En/a negative earnings
- Net margin-21.3% as of 2026-08-24
- Gross margin+27.5% as of 2026-08-24
- ROE-16.7% as of 2026-08-24
- Debt / equity0.42 as of 2026-08-24
- Revenue growth (YoY)+5.2% as of 2026-08-24
- Revenue CAGR (3y)+0.4% SEC XBRL
- Beta1.93 as of 2026-08-24
- Last reported earnings2026-08-06 SEC EDGAR Form 8-K (Item 2.02)
How CLNE compares in its sector
- net profit marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- operating marginbottom 25% 149 covered Energy peers, as of 2026-08-24
- gross marginmiddle range 142 covered Energy peers, as of 2026-08-24
- return on equitybottom 25% 152 covered Energy peers, as of 2026-08-24
- 3-year revenue CAGRmiddle range 138 covered Energy peers
- free cash flow (absolute dollars, latest fiscal year)middle range 95 covered Energy peers, as of FY2025
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How CLEAN ENERGY FUELS CORP looks technically
CLEAN ENERGY FUELS CORP (CLNE) is trading 26.2% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 82 trading days ago — a "death cross", a bearish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30). It made a new 20-day low about 3 trading days ago. It is 47.9% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 26.2% below its 200-day average, the long-term trend line — a long-term downtrend | -26.2% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $1.94 | $1.94 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $2.19 | $2.19 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 7 calendar days ago — the swings before that are what the structure reading is measured on | 7 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 1.85. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 82 trading days ago — a "death cross", a bearish long-term signal | 82 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 31, with sellers in control | 31.2 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 37, neither overbought (above 70) nor oversold (below 30) | 36.8 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($1.54 to $1.93) — its "stochastic" reading is 21 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 20.8 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 23 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $3.11 | $3.11 |
|---|---|---|
| From the 52-week high | it is 47.9% below its 52-week high (its highest price of the past year) | -47.9% |
| Above the 52-week low | it is 5.2% above its 52-week low (its lowest price of the past year) | +5.2% |
| Below the 52-week high | it is 47.9% below its highest point of the past year | 47.9% |
| Since a 20-day breakout | it made a new 20-day low about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 3 trading days ago | 3 sessions |
| All-time high | its highest closing price on record is $24.75 (set on 2012-03-21) | $24.75 |
| Given back of the 52-week move | over the past year its closes ranged ($1.57 to $3.06), and it has recovered only a small part of its fall from last year’s high — 3% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $2.49 to $2.54. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 3.4% |
| From the all-time high | it is 93.5% below its all-time high | -93.5% |
| Nearest price level | it is trading 27.4% below a resistance level at $2.06 — a price it turned at five times since 2025-06-16, most recently on 2026-03-19. Since 2024-08-21 it has 0 such levels below the current price and 13 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +27.4% |
| All-time low | its lowest closing price on record is $1.05 (set on 2020-03-12) | $1.05 |
| Above the all-time low | it is 54.3% above its all-time low | +54.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are wider than usual versus its own recent 6-month history (wider than about 78% of it) | 78th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.0982 between its high and its low — about 6.1% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.0982 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $1.50 and $2.04 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $1.50 – $1.77 – $2.04 |
| Typical daily range (% of price) | its price moves about 6.1% in a typical session — more volatile than most companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 6.1% |
| Stretch from the 200-day average | it is trading 5.9 daily ranges below its 200-day average price (26.2% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.9 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.77× |
|---|
Analyst
2
| Change in the average price target | analysts have cut their average price target by 1.5% since the prior reading | -1.5% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
1
| Since a doji | today it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | today |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.6% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.6% |
|---|---|---|
| Open gap | it gapped 3.2% below the previous close 10 sessions ago and has not traded back through the level it left behind at 1.86 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.2% |
| Gap filled | a 5.0% gap up opened on 2026-08-11 has been "filled" 3 sessions ago — price traded back through the level the gap left behind, and it took 5 sessions to close | 3 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 2 sessions in a row, a +3.18% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 2 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 26.3 percentage points (the stock lost 23.9% while the market gained 2.3%) | -26.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 23.3 percentage points (the stock lost 20.2% while the market gained 3.1%) | -23.3% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 49.0 percentage points (the stock lost 37.9% while the market gained 11.1%) | -49.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 53.0 percentage points (the stock lost 32.5% while the market gained 20.5%) | -53.0% |
Signal agreement
2
| Bullish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bullish state — these describe past price behaviour, not a forecast | 0 of 9 |
|---|---|---|
| Bearish technical signals | 7 of the 9 technical signals we can compute for it are currently in a bearish state: a strong downtrend, with sellers in control, a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 7 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 22% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is moderate, spanning 5.7% of the share price. | -22.0% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 24% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $2.14 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | -24.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-08-06 (its 10-Q), so the typical buyer over that stretch is under water. That average is $1.66 — a volume-weighted average of daily closes over 12 sessions, not a true tick-by-tick VWAP. | -2.4% |
Price levels it has turned at before
CLNE last closed at $1.62 on 2026-08-21. Since 2024-08-21 it has turned at 0 prices below its last close and 13 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $2.06 | Resistance | 27.4% above the last close | turned there five times · 2025-06-16 to 2026-03-19 |
| $2.15 | Resistance | 33.0% above the last close | turned there six times · 2025-05-13 to 2026-06-02 |
| $2.23 | Resistance | 37.5% above the last close | turned there three times · 2025-07-23 to 2026-01-05 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $1.85.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $0.3372 and $0.915 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $1.85.
This reading has stood for 1 trading day, since 2026-08-21.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · Broke down to a new 20-day low · Analyst price target recently CUT · lagging the market · Printed a doji candle | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (1.67 mean, 1=Strong Buy…5=Strong Sell) — 6 analysts
- Mean price target$4.28 range $1.90 – $7.00; median $4.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for CLNE
- Consensus EPS estimate-$0.04 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Dependence on environmental credit generation and pricing (RINs, LCFS Credits) for profitability; changes in federal or state climate policy could materially impact credit values and margins.","Unprofitable operations with -22.68% net margin; company has not achieved sustained profitability and faces ongoing cash burn, limiting growth investment capacity.","RNG supply concentration risk: company relies on partnerships with TotalEnergies, BP, and Maas Energy and long-term agreements with third-party producers; disruption in supply chains or production could affect volumes and market position."]
What changed in the latest 10-Q
AI-assisted comparison of CLNE's 10-Q filed 2026-05-07 against the prior one filed 2025-11-04.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-07) includes Q1 2026 balance sheet as of March 31, 2026 with specific asset and liability figures
- Newer filing includes condensed consolidated statements of operations for three months ended March 31, 2025 and 2026
- Newer filing includes condensed consolidated statements of comprehensive loss for three months ended March 31, 2025 and 2026
- Newer filing includes condensed consolidated statements of stockholders' equity with balances as of December 31, 2025 and March 31, 2026
- Removed:
- Older filing (2025-11-04) included balance sheet as of December 31, 2024 and September 30, 2025; newer filing shows December 31, 2025 and March 31, 2026
- Older filing included nine-month consolidated statements of operations (nine months ended September 30, 2024 and 2025); newer filing shows only three-month statements (ended March 31, 2025 and 2026)
- Older filing included goodwill line item of $64,328 thousand as of December 31, 2024; newer filing shows $0 goodwill as of both December 31, 2025 and March 31, 2026
- Older filing included 'Goodwill impairment' charge of $64,328 thousand in nine-month period ended September 30, 2025; newer filing shows $0 impairment for Q1 2026 and Q1 2025
- Older filing included 'Notes receivable - related party' line item in current assets; newer filing consolidates this into 'Notes receivable and other long-term assets, net'
- Reworded:
- Older filing: 'Notes receivable and other long-term assets, net' shown as $38,245 (Dec 31, 2024) and $34,291 (Sept 30, 2025); newer filing shows $22,194 (Dec 31, 2025) and $20,540 (Mar 31, 2026)
- Older filing showed 'Intangible assets, net' of $6,365 (Dec 31, 2024) and $5,500 (Sept 30, 2025); newer filing shows $9,896 (Dec 31, 2025) and $9,771 (Mar 31, 2026)
- Comprehensive loss statement in newer filing removes 'Reclassification of gain on extinguishment of loan receivable classified as available-for-sale securities' line item that appeared in older filing
- Notes:
- The two filings cover different reporting periods (Q1 2026 vs. 9-month 2025), making direct operational comparison limited
- Goodwill impairment of $64,328 thousand in the older filing's nine-month 2025 period explains the removal of goodwill from the balance sheet by December 31, 2025
Risk Factors
- Added:
- Added reference to 'One Big Beautiful Bill Act ("OBBBA")' as a specific government regulation in the factors influencing vehicle fuel adoption (newer filing, 2026-05-07)
- Removed:
- Removed '(defined below)' parenthetical after 'OBBBA' reference in the factors list (older filing, 2025-11-04 included this)
- Reworded:
- Changed 'limitations on the capabilities of utilities to provide services to meet our requirements. For example, natural gas utilities may be unable...' in older filing to 'limitations on the capabilities of utilities to provide services to meet our requirements (for example, natural gas utilities may be unable...' in newer filing (parenthetical instead of period-based structure)
- Changed 'the availability and effect of environmental, tax or other government regulations, such as the OBBBA (defined below)' in older filing to 'the availability and effect of environmental, tax or other government regulations, such as the One Big Beautiful Bill Act ("OBBBA")' in newer filing (added full name with acronym definition in place of prior reference)
- Changed 'economic conditions, such as tariffs, government shutdowns, and market volatility, and the potential for a recession' in older filing to 'economic conditions, such as tariffs, government shutdowns, market volatility, and the potential for a recession' in newer filing (removed 'and' before 'market volatility')
- Notes:
- Text appears truncated at end of both filings, preventing full comparison of complete section
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
2 open-market purchases and 0 open-market sales by insiders in the last 90 days.
- Last 90 days2 buys ($68536) · 0 sells — 2 buying insiders
- Last 180 days2 buys ($68536) · 1 sell ($337640) — 2 buying, 1 selling insiders
Activity heuristic: net buying (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-25. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about CLNE's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 1 matched disclosure for CLNE from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding CLNE as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 24,848,898
- Reported value $61,625,267
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
CLNE had 7,285,725 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
CLNE had 3.31% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 5.62 days to cover at the same settlement.
- Reported short interest (shares) 7,285,725
- Short interest (% of shares outstanding) 3.31%
- Prior settlement (shares) 7,734,080
- Reported change -5.8%
- Days to cover (reported) 5.62
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Sunoco LP
- Lonestar Fuel
- Trillium CNG
- Imprimis Group (fuel infrastructure)
- Shell (LNG and CNG retail)
- TravelCenters of America (alternative fuels)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare CLNE vs…
Frequently asked questions
What does CLEAN ENERGY FUELS CORP (CLNE) do?
Clean Energy Fuels is a renewable energy company that procures and distributes renewable natural gas (RNG) and conventional natural gas as compressed natural gas (CNG) and liquefied natural gas (LNG) for transportation markets in the U.S. and Canada. The company captures biogas from non-fossil sources like dairy waste and landfills, processes it into RNG, and sells it as vehicle fuel through its network of 582 fueling stations, while also generating valuable environmental credits.
What sector is CLEAN ENERGY FUELS CORP (CLNE) in?
CLEAN ENERGY FUELS CORP (CLNE) is classified in the Energy sector. Its industry is Renewable natural gas and alternative transportation fuels distribution. It trades on NASDAQ.
Who are CLEAN ENERGY FUELS CORP's (CLNE) competitors?
Notable peers of CLEAN ENERGY FUELS CORP (CLNE) include Sunoco LP, Lonestar Fuel, Trillium CNG, Imprimis Group (fuel infrastructure) and Shell (LNG and CNG retail). This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in CLNE?
Yes — we hold 1 matched STOCK Act disclosure for CLNE from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is CLEAN ENERGY FUELS CORP (CLNE) overbought or oversold right now?
CLEAN ENERGY FUELS CORP (CLNE) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 37, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on CLNE come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.