California LCFS credit prices (historically $80-$200 per metric ton, directly impacts RNG margins)
RNG gallon volumes delivered and production capacity additions from dairy/landfill projects
Heavy-duty vehicle OEM announcements on natural gas engine availability and fleet adoption commitments
Federal and state policy changes affecting renewable fuel incentives (RIN values, tax credits, emission mandates)
moderate - Refuse collection and transit (core customer segments) are relatively recession-resistant essential services. However, freight volumes and short-haul trucking activity correlate with industrial production and goods movement. Fleet capital expenditure decisions for new natural gas vehicles are more discretionary during downturns, potentially delaying station utilization growth. RNG production from agricultural sources is less cyclical than fuel demand.
Rising rates negatively impact Clean Energy through multiple channels: (1) higher financing costs for capital-intensive station construction and RNG project development, (2) reduced fleet customer willingness to invest in alternative fuel vehicles requiring upfront capital, (3) lower valuation multiples for pre-profitable growth companies. The company's negative free cash flow profile makes it dependent on capital markets access. Conversely, lower rates support the investment case for long-payback infrastructure projects.
Battery-electric heavy-duty trucks gaining cost parity and range capability, potentially obsoleting natural gas infrastructure before capital is recovered (Tesla Semi, Nikola battery-electric models pose long-term threat)
California LCFS program policy changes or credit price collapse due to oversupply from multiple renewable fuel pathways (renewable diesel, sustainable aviation fuel competing for same credits)
Federal RIN program reform or elimination reducing RNG economic viability
growth/thematic - Attracts ESG-focused investors seeking decarbonization exposure and renewable energy infrastructure plays. Appeals to momentum traders on policy catalyst announcements (California emission mandates, federal clean fuel incentives). Value investors are deterred by negative profitability and uncertain path to sustained positive cash flow. Not suitable for income investors (no dividend). Retail investor base drawn to clean energy narrative, while institutional ownership is limited by small market cap and liquidity constraints.
Trend
-13.5% vs SMA 50 · -13.8% vs SMA 200
Momentum
Distribution pattern detected. More selling days than accumulation over the past 20 sessions. Not a conducive environment for a squeeze.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
ANALYST ESTIMATES
Analyst consensus estimates · Actuals replace estimates as reported
| Year | Revenue Est. | Rev Gth | EPS Est. | EPS Gth | Range | Analysts |
|---|---|---|---|---|---|---|
FY2025 | $425.6M $417.3M–$432.1M | — | -$0.04 | — | ±50% | Moderate3 |
FY2026(current) | $460.9M $451.9M–$468.0M | ▲ +8.3% | -$0.01 | — | ±25% | Moderate3 |
FY2027 | $474.8M $465.6M–$482.1M | ▲ +3.0% | $0.04 | — | ±50% | Moderate3 |
INSTITUTIONAL OWNERSHIP
CLNE News
About
clean energy is the largest provider of natural gas fuel for transportation in north america, fueling over 35,000 vehicles each day at approximately 500 fueling stations throughout the united states and canada. with a broad customer base in a variety of markets, including trucking, airport shuttles, taxis, refuse, and public transit, we build and operate compressed natural gas (cng) and liquefied natural gas (lng) fueling stations; manufacture cng and lng equipment and technologies for ourselves and other companies; and develop renewable natural gas (rng) production facilities. for career opportunities please visit us online at http://www.cleanenergyfuels.com/careers.html
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
CLNE◀ | $2.03 | +0.00% | $447M | — | — | — | 1500 |
| $157.93 | +3.37% | $654.6B | 26.1 | -452.2% | 890.5% | 1500 | |
| $191.06 | +2.37% | $380.5B | 34.4 | -464.4% | 666.9% | 1491 | |
| $122.41 | +2.89% | $149.1B | 20.5 | +751.1% | 1360.5% | 1501 | |
| $77.72 | +0.04% | $95.1B | 33.5 | +1377.7% | 2190.8% | 1503 | |
| $55.38 | -0.66% | $82.8B | 25.1 | -159.8% | 938.1% | 1514 | |
| $33.63 | +0.69% | $74.8B | 22.6 | +1245.3% | 1802.9% | 1498 | |
| Sector avg | — | +1.24% | — | 27.0 | +382.9% | 1308.3% | 1501 |