📊 CLNE Key Takeaways
Is Clean Energy Fuels Corp. (CLNE) a Good Investment?
Clean Energy Fuels is unprofitable with negative operating cash flow of -$8.4M and free cash flow of -$15.3M, indicating the core business cannot sustain operations without cash depletion. Revenue growth of only 2.2% is insufficient to offset operational losses, and with $227.9M in long-term debt and $55.5M in cash, the runway for burning capital is limited absent significant operational improvement.
Clean Energy Fuels shows acceptable liquidity, moderate leverage, and positive free cash flow, which provide near-term financial flexibility. However, the core earnings profile is weak, with deeply negative operating and net margins, weak returns on capital, and only modest revenue growth. Unless operating losses narrow materially and growth improves, the fundamental outlook remains unfavorable.
Clean Energy Fuels Corp. Key Strengths (CLNE)
- Strong liquidity position with current ratio of 2.46x and quick ratio of 2.14x
- Moderate leverage with debt-to-equity ratio of 0.41x provides some financial flexibility
- Positive revenue growth of 2.2% YoY indicates some market demand for services
- Solid liquidity with a 2.32x current ratio and $155.58M in cash
- Positive operating cash flow and $59.85M of free cash flow
- Moderate balance sheet leverage with 0.41x debt-to-equity
CLNE Stock Risks: Clean Energy Fuels Corp. Investment Risks
- Severe profitability crisis: negative net income (-$12.4M), operating income (-$2.9M), and net margin of -10.6%
- Negative operating cash flow (-$8.4M) and free cash flow (-$15.3M) indicate unsustainable business model and cash depletion
- Low revenue growth (2.2%) insufficient to achieve near-term profitability; current cash position provides only ~6-7 quarters of runway at current burn rate
- Inability to generate positive returns: ROE of -2.2% and ROA of -1.2% demonstrate value destruction
- Significant long-term debt ($227.9M) requires service despite negative EBIT; interest coverage ratio unavailable due to negative operating income
- Severely negative profitability with -37.6% operating margin and -52.3% net margin
- Very weak capital efficiency shown by -39.7% ROE and -21.0% ROA
- Low revenue growth of 2.2% YoY limits confidence in scaling toward sustainable earnings
Key Metrics to Watch
- Operating cash flow trend and path to positive OCF
- Quarterly revenue growth acceleration needed to justify continued operation
- Cash position depletion rate and runway remaining before covenant concerns
- Operating margin improvement and reduction in net losses
- Free cash flow durability relative to revenue growth
Clean Energy Fuels Corp. (CLNE) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.46x current ratio provides a solid financial cushion.
CLNE Profit Margin, ROE & Profitability Analysis
CLNE vs Services Sector: How Clean Energy Fuels Corp. Compares
How Clean Energy Fuels Corp. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Clean Energy Fuels Corp. Stock Overvalued? CLNE Valuation Analysis 2026
Based on fundamental analysis, Clean Energy Fuels Corp. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Clean Energy Fuels Corp. Balance Sheet: CLNE Debt, Cash & Liquidity
CLNE Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Clean Energy Fuels Corp.'s revenue has grown significantly by 24% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.45 indicates the company is currently unprofitable.
CLNE Revenue Growth, EPS Growth & YoY Performance
CLNE Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $103.8M | -$12.4M | $-0.06 |
| Q3 2025 | $104.9M | -$18.2M | $-0.08 |
| Q2 2025 | $98.0M | -$16.3M | $-0.07 |
| Q1 2025 | $103.7M | -$18.4M | $-0.08 |
| Q3 2024 | $95.6M | -$18.2M | $-0.08 |
| Q2 2024 | $90.5M | -$16.3M | $-0.07 |
| Q1 2024 | $103.7M | -$18.4M | $-0.08 |
| Q3 2023 | $95.6M | -$9.0M | $-0.04 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Clean Energy Fuels Corp. Dividends, Buybacks & Capital Allocation
CLNE SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Clean Energy Fuels Corp. (CIK: 0001368265)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CLNE
What is the AI rating for CLNE?
Clean Energy Fuels Corp. (CLNE) has a Combined AI Grade of C from Claude (C) and ChatGPT (C) with 80% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CLNE's key strengths?
Claude: Strong liquidity position with current ratio of 2.46x and quick ratio of 2.14x. Moderate leverage with debt-to-equity ratio of 0.41x provides some financial flexibility. ChatGPT: Solid liquidity with a 2.32x current ratio and $155.58M in cash. Positive operating cash flow and $59.85M of free cash flow.
What are the risks of investing in CLNE?
Claude: Severe profitability crisis: negative net income (-$12.4M), operating income (-$2.9M), and net margin of -10.6%. Negative operating cash flow (-$8.4M) and free cash flow (-$15.3M) indicate unsustainable business model and cash depletion. ChatGPT: Severely negative profitability with -37.6% operating margin and -52.3% net margin. Very weak capital efficiency shown by -39.7% ROE and -21.0% ROA.
What is CLNE's revenue and growth?
Clean Energy Fuels Corp. reported revenue of $117.6M.
Does CLNE pay dividends?
Clean Energy Fuels Corp. does not currently pay dividends.
Where can I find CLNE SEC filings?
Official SEC filings for Clean Energy Fuels Corp. (CIK: 0001368265) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CLNE's EPS?
Clean Energy Fuels Corp. has a diluted EPS of $-0.06.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is CLNE's fundamental grade?
Based on our AI fundamental analysis in June 2026, Clean Energy Fuels Corp. has a C grade with 80% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is CLNE stock overvalued or undervalued?
Valuation metrics for CLNE: ROE of -2.2% (sector avg: 16%), net margin of -10.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is CLNE's AI grade for 2026?
Our dual AI analysis gives Clean Energy Fuels Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is CLNE's free cash flow?
Clean Energy Fuels Corp.'s operating cash flow is $-8.4M, with capital expenditures of $6.9M. FCF margin is -13.0%.
How does CLNE compare to other Services stocks?
Vs Services sector averages: Net margin -10.6% (avg: 10%), ROE -2.2% (avg: 16%), current ratio 2.46 (avg: 1.5).