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Upturn AI Summary - About
Clean Energy Fuels Corp(CLNE)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CLNE
11/03/2026: CLNE (1-star) is currently NOT-A-BUY. Pass it for now.
Clean Energy Fuels Corp operates as a provider of renewable natural gas (RNG) and fueling infrastructure for heavy-duty commercial fleets in North America. The company's primary strength lies in its established network and proprietary supply of low-carbon fuels, which appeals to fleet operators seeking to reduce emissions. Its main growth opportunity centers on the continued transition of long-haul trucks from diesel to RNG. However, the company faces risks from competing technologies like electrification, reliance on government environmental incentives, and historical profitability hurdles. This stock may suit investors focused on the energy transition, though it remains a speculative, high-volatility play rather than a conservative income-generating investment.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth exposure to the energy transition but faces persistent profitability challenges. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit high beta and momentum based on green energy policy news and volume milestones. |
| Value investor | Weak fit | The company's lack of consistent net income makes traditional valuation metrics difficult to apply. |
| Dividend investor | Weak fit | Clean Energy Fuels does not pay a dividend. |
| Low-risk investor | Weak fit | High price volatility and regulatory dependence make this an unsuitable choice for risk-averse portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock is susceptible to large price swings due to speculation in the renewable energy sector. |
| Valuation risk | Medium / high | Valuations are often speculative and tied to future growth rather than current earnings. |
| Competition risk (alternative fuels) | High | Electrification and hydrogen represent significant long-term threats to RNG market share. |
| Business quality | Medium | The company has a solid asset base but struggles with consistent profitability and free cash flow. |
| Dividend income | Low / none | The company retains all capital for reinvestment and growth. |
| Execution risk | Medium | Successful operation depends on the timely build-out of complex infrastructure and regulatory credit approval. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit -60.18% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/03/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 343.89M USD | Price to earnings Ratio - | 1Y Target Price 3.98 |
Price to earnings Ratio - | 1Y Target Price 3.98 | ||
Volume (30-day avg) 1.5M shares | Beta 1.85 | 52 Weeks Range 1.33 - 2.84 | Updated Date 11/03/2026 |
52 Weeks Range 1.33 - 2.84 | Updated Date 11/03/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.43 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Fleet Fueling | Sale of Redeem (RNG) and CNG/LNG to transit and trucking fleets. | The company makes money by acting as a specialized gas station operator for large trucks. |
| Infrastructure | Building, maintaining, and operating natural gas fueling stations. | They generate revenue by installing and servicing the equipment fleets need to fuel up. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 5.76 | Enterprise Value 504.23M | Price to Sales(TTM) 0.78 |
Enterprise Value 504.23M | Price to Sales(TTM) 0.78 | ||
Enterprise Value to Revenue 1.14 | Enterprise Value to EBITDA 238.07 | Shares Outstanding 220.45M | Shares Floating 174.15M |
Shares Outstanding 220.45M | Shares Floating 174.15M | ||
Percent Insiders 22 | Percent Institutions 50.41 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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