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Clean Energy Fuels Corp (CLNE)



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Upturn Advisory Summary
04/01/2025: CLNE (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -54.5% | Avg. Invested days 20 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 351.06M USD | Price to earnings Ratio - | 1Y Target Price 6.73 |
Price to earnings Ratio - | 1Y Target Price 6.73 | ||
Volume (30-day avg) 3067166 | Beta 2.35 | 52 Weeks Range 1.50 - 3.67 | Updated Date 04/2/2025 |
52 Weeks Range 1.50 - 3.67 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -19.98% | Operating Margin (TTM) -4.41% |
Management Effectiveness
Return on Assets (TTM) -1.41% | Return on Equity (TTM) -11.52% |
Valuation
Trailing PE - | Forward PE 10.06 | Enterprise Value 491998934 | Price to Sales(TTM) 0.84 |
Enterprise Value 491998934 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 1.18 | Enterprise Value to EBITDA 104.02 | Shares Outstanding 223604992 | Shares Floating 176518379 |
Shares Outstanding 223604992 | Shares Floating 176518379 | ||
Percent Insiders 21.11 | Percent Institutions 52.4 |
Analyst Ratings
Rating 4.56 | Target Price 7.25 | Buy 2 | Strong Buy 6 |
Buy 2 | Strong Buy 6 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Clean Energy Fuels Corp

Company Overview
History and Background
Clean Energy Fuels Corp. was founded in 1997. It pioneered the use of natural gas as a transportation fuel, focusing on building infrastructure and supply networks.
Core Business Areas
- Renewable Natural Gas (RNG): Clean Energy Fuels produces and distributes RNG, a sustainable alternative to traditional diesel and gasoline, derived from biogas captured from landfills, dairies, and wastewater treatment plants.
- Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG): The company provides CNG and LNG fueling solutions for various vehicle types, including trucks, buses, and refuse vehicles.
- Station Operations and Maintenance: Clean Energy operates and maintains a network of natural gas fueling stations, offering maintenance and support services to its customers.
Leadership and Structure
Andrew J. Littlefair is the President and CEO. The company has a board of directors and a management team responsible for various functional areas.
Top Products and Market Share
Key Offerings
- Product Volume: 168.2 million gasoline gallon equivalents in 2023
- Renewable Natural Gas (RNG) Fuel: RNG is Clean Energy's primary product. While precise market share data fluctuates, Clean Energy is a leading provider of RNG fuel for transportation in North America. Competitors include companies that produce and distribute alternative fuels like biodiesel, propane, and other renewable fuels.
- CNG and LNG Fuel: Clean Energy provides CNG and LNG fueling solutions. Competitors include traditional gasoline and diesel fuel providers, as well as other alternative fuel providers.
- Market Share: 25% of total natural gas for transport, direct competitor to Chevron and Shell who provide gasoline
Market Dynamics
Industry Overview
The clean transportation fuel industry is growing, driven by increasing environmental awareness and government regulations. The demand for alternative fuels like RNG, CNG, and LNG is rising.
Positioning
Clean Energy Fuels Corp is a leading provider of RNG, CNG and LNG, and it maintains a strong presence in the North American market due to its extensive fueling station network and RNG supply agreements.
Total Addressable Market (TAM)
The TAM for renewable natural gas in transportation is estimated to be in the tens of billions of dollars annually. Clean Energy is positioned to capture a significant share of this TAM through its existing infrastructure and expansion efforts.
Upturn SWOT Analysis
Strengths
- Extensive fueling station network
- Strong relationships with fleet operators
- Focus on renewable natural gas (RNG)
- Vertically integrated business model
Weaknesses
- Dependence on government subsidies and incentives
- Fluctuations in natural gas prices
- Limited geographic presence compared to traditional fuel providers
- Capital Intensive Industry
Opportunities
- Growing demand for sustainable transportation solutions
- Expansion of RNG production and distribution
- Development of new natural gas vehicle technologies
- Increasing government support for clean energy initiatives
Threats
- Competition from other alternative fuels (e.g., electric vehicles, hydrogen)
- Changes in government regulations and subsidies
- Economic downturn affecting transportation demand
- Technological advancements favoring other fuel types
Competitors and Market Share
Key Competitors
- WEST (WCC)
- Gazprom (OGZPY)
- Shell (SHEL)
Competitive Landscape
Clean Energy has a strong position in the RNG market but faces competition from larger, diversified energy companies and alternative fuel providers. Its focus on RNG provides a competitive advantage.
Major Acquisitions
Clean Energy Renewable Fuels
- Year: 2018
- Acquisition Price (USD millions): 0
- Strategic Rationale: RNG production
Growth Trajectory and Initiatives
Historical Growth: Clean Energy has experienced growth driven by increasing adoption of RNG and expansion of its fueling station network.
Future Projections: Analysts expect continued revenue growth driven by increasing demand for RNG. Profitability is expected to improve through operational efficiencies and economies of scale.
Recent Initiatives: Clean Energy has focused on securing long-term RNG supply agreements and expanding its fueling station network.
Summary
Clean Energy Fuels is a leading provider of RNG, and it benefits from growing demand for sustainable transportation. While the company faces competition and regulatory risks, its strong infrastructure, RNG focus, and strategic initiatives position it for future growth. Monitoring natural gas prices and effectively managing capital expenditures are crucial. Overall, Clean Energy is well positioned within the expanding clean energy space.
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Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Investor Presentations
- Industry Reports
- Market Analysis Reports
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market data and analyst estimates are subject to change. Investment decisions should be based on individual research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Clean Energy Fuels Corp
Exchange NASDAQ | Headquaters Newport Beach, CA, United States | ||
IPO Launch date 2007-05-25 | Co-Founder, President, CEO & Director Mr. Andrew J. Littlefair | ||
Sector Energy | Industry Oil & Gas Refining & Marketing | Full time employees 577 | Website https://www.cleanenergyfuels.com |
Full time employees 577 | Website https://www.cleanenergyfuels.com |
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. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
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