CLEAN ENERGY FUELS CORP (CLNE)
Energy · Renewable natural gas and alternative transportation fuels distribution · NASDAQ
North America's leading provider of renewable natural gas from waste biogas for clean commercial transportation, generating substantial environmental credits.
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$2.15 as of 2026-07-09 close
- Market cap$481M as of 2026-07-10
- 1-year return-2.7% as of 2026-07-09 close
- Net margin-22.7% as of 2026-07-10
- Gross margin+27.3% as of 2026-07-10
- ROE-17.3% as of 2026-07-10
- Debt / equity0.41 as of 2026-07-10
- Revenue growth (YoY)+5.5% as of 2026-07-10
- Revenue CAGR (3y)+0.4% SEC XBRL
- Beta1.87 as of 2026-07-10
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."]
Competitors & peers
- Sunoco LP
- Lonestar Fuel
- Trillium CNG
- Imprimis Group (fuel infrastructure)
- Shell (LNG and CNG retail)
- TravelCenters of America (alternative fuels)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.