📊 CLNE Key Takeaways
Is Clean Energy Fuels Corp. (CLNE) a Good Investment?
Clean Energy Fuels is operationally unprofitable with a -52.3% net margin and -37.6% operating margin, losing $222M on $424.8M in revenue. While the company generates positive free cash flow of $59.9M and maintains a solid balance sheet with 2.32x current ratio, the persistent and widening losses (-173% YoY EPS deterioration) indicate fundamental business model challenges that cannot be offset by adequate liquidity.
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.
Why Buy Clean Energy Fuels Corp. Stock? CLNE Key Strengths
- Positive free cash flow generation of $59.9M despite operational losses
- Strong liquidity position with 2.32x current ratio and $155.6M cash
- Conservative debt levels with 0.41x debt-to-equity ratio
- Modest revenue growth of 2.2% YoY showing operational traction
- 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 operating losses with -37.6% operating margin indicating structural unprofitability
- Net losses worsening in absolute terms while EPS deteriorated 173% YoY
- Negative ROE of -39.7% and ROA of -21.0% destroying shareholder value
- FCF sustainability questionable as operating losses continue to mount
- 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
- Path to operating profitability and timeline to GAAP profitability
- Operating cash flow trends relative to capital expenditure requirements
- Gross margin or cost structure improvements that could address negative operating income
- 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 2.32x 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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $90.5M | -$13.2M | $-0.06 |
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
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_100356.xml | View → |
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_100309.xml | View → |
| Mar 5, 2026 | 4 | xslF345X05/form4-03052026_100319.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_100352.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_100349.xml | View → |
❓ Frequently Asked Questions about CLNE
What is the AI rating for CLNE?
Clean Energy Fuels Corp. (CLNE) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 84% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are CLNE's key strengths?
Claude: Positive free cash flow generation of $59.9M despite operational losses. Strong liquidity position with 2.32x current ratio and $155.6M cash. 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 operating losses with -37.6% operating margin indicating structural unprofitability. Net losses worsening in absolute terms while EPS deteriorated 173% YoY. 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 $424.8M.
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 $-1.01.
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 rating reflects both perspectives for balanced insights.
Is CLNE a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Clean Energy Fuels Corp. has a SELL rating with 84% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is CLNE stock overvalued or undervalued?
Valuation metrics for CLNE: ROE of -39.7% (sector avg: 16%), net margin of -52.3% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy CLNE stock in 2026?
Our dual AI analysis gives Clean Energy Fuels Corp. a combined SELL rating 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 $85.5M, with capital expenditures of $25.7M. FCF margin is 14.1%.
How does CLNE compare to other Services stocks?
Vs Services sector averages: Net margin -52.3% (avg: 10%), ROE -39.7% (avg: 16%), current ratio 2.32 (avg: 1.5).