CLEAN ENERGY FUELS CORP (CLNE) Stock Fundamental Analysis

NASDAQ:CLNE • US1844991018

2.35 USD
-0.04 (-1.67%)
At close: Feb 26, 2026
2.36 USD
+0.01 (+0.43%)
After Hours: 2/26/2026, 8:18:13 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

CLNE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 206 industry peers in the Oil, Gas & Consumable Fuels industry. While CLNE seems to be doing ok healthwise, there are quite some concerns on its profitability. CLNE is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year CLNE was profitable.
  • In the past year CLNE had a positive cash flow from operations.
  • CLNE had negative earnings in each of the past 5 years.
  • Of the past 5 years CLNE 4 years had a positive operating cash flow.
CLNE Yearly Net Income VS EBIT VS OCF VS FCFCLNE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -18.59%, CLNE is doing worse than 89.32% of the companies in the same industry.
  • CLNE has a worse Return On Equity (-35.75%) than 83.01% of its industry peers.
Industry RankSector Rank
ROA -18.59%
ROE -35.75%
ROIC N/A
ROA(3y)-6.67%
ROA(5y)-6.22%
ROE(3y)-11.16%
ROE(5y)-9.58%
ROIC(3y)N/A
ROIC(5y)N/A
CLNE Yearly ROA, ROE, ROICCLNE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5 -10 -15

1.3 Margins

  • CLNE has a Gross Margin (27.92%) which is in line with its industry peers.
  • CLNE's Gross Margin has declined in the last couple of years.
  • CLNE does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 27.92%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y25.4%
GM growth 5Y-4.26%
CLNE Yearly Profit, Operating, Gross MarginsCLNE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • CLNE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • CLNE has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
CLNE Yearly Shares OutstandingCLNE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CLNE Yearly Total Debt VS Total AssetsCLNE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • CLNE has an Altman-Z score of -0.51. This is a bad value and indicates that CLNE is not financially healthy and even has some risk of bankruptcy.
  • CLNE has a worse Altman-Z score (-0.51) than 68.93% of its industry peers.
  • The Debt to FCF ratio of CLNE is 9.58, which is on the high side as it means it would take CLNE, 9.58 years of fcf income to pay off all of its debts.
  • CLNE has a Debt to FCF ratio of 9.58. This is comparable to the rest of the industry: CLNE outperforms 56.80% of its industry peers.
  • A Debt/Equity ratio of 0.49 indicates that CLNE is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.49, CLNE perfoms like the industry average, outperforming 47.57% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 9.58
Altman-Z -0.51
ROIC/WACCN/A
WACC8.5%
CLNE Yearly LT Debt VS Equity VS FCFCLNE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 2.69 indicates that CLNE has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 2.69, CLNE belongs to the best of the industry, outperforming 81.55% of the companies in the same industry.
  • A Quick Ratio of 2.39 indicates that CLNE has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.39, CLNE belongs to the top of the industry, outperforming 81.07% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.69
Quick Ratio 2.39
CLNE Yearly Current Assets VS Current LiabilitesCLNE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for CLNE have decreased strongly by -75.00% in the last year.
  • Measured over the past years, CLNE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -20.63% on average per year.
EPS 1Y (TTM)-75%
EPS 3Y-20.63%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.74%

3.2 Future

  • The Earnings Per Share is expected to grow by 143.54% on average over the next years. This is a very strong growth
  • CLNE is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 26.27% yearly.
EPS Next Y-514.12%
EPS Next 2Y140.42%
EPS Next 3Y200.11%
EPS Next 5Y143.54%
Revenue Next Year2.47%
Revenue Next 2Y17.14%
Revenue Next 3Y7.89%
Revenue Next 5Y26.27%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CLNE Yearly Revenue VS EstimatesCLNE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M 1B
CLNE Yearly EPS VS EstimatesCLNE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5 -1

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 235.00, the valuation of CLNE can be described as expensive.
  • Based on the Price/Earnings ratio, CLNE is valued a bit more expensive than the industry average as 67.96% of the companies are valued more cheaply.
  • CLNE is valuated expensively when we compare the Price/Earnings ratio to 27.21, which is the current average of the S&P500 Index.
  • The Forward Price/Earnings Ratio is negative for CLNE. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 235
Fwd PE N/A
CLNE Price Earnings VS Forward Price EarningsCLNE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50 100 150 200

4.2 Price Multiples

  • 73.30% of the companies in the same industry are cheaper than CLNE, based on the Enterprise Value to EBITDA ratio.
  • CLNE's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CLNE is cheaper than 61.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 17.18
EV/EBITDA 64.45
CLNE Per share dataCLNE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 1 1.5 2 2.5

4.3 Compensation for Growth

  • A more expensive valuation may be justified as CLNE's earnings are expected to grow with 200.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y140.42%
EPS Next 3Y200.11%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for CLNE!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CLEAN ENERGY FUELS CORP

NASDAQ:CLNE (2/26/2026, 8:18:13 PM)

After market: 2.36 +0.01 (+0.43%)

2.35

-0.04 (-1.67%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-24
Earnings (Next)05-06
Inst Owners46.52%
Inst Owner Change-0.45%
Ins Owners1.11%
Ins Owner Change-0.17%
Market Cap515.36M
Revenue(TTM)N/A
Net Income(TTM)-209.19M
Analysts82.86
Price Target4.84 (105.96%)
Short Float %3.45%
Short Ratio4.98
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)100%
Min EPS beat(2)100%
Max EPS beat(2)100%
EPS beat(4)4
Avg EPS beat(4)122.51%
Min EPS beat(4)100%
Max EPS beat(4)184.05%
EPS beat(8)8
Avg EPS beat(8)152.93%
EPS beat(12)11
Avg EPS beat(12)114.81%
EPS beat(16)13
Avg EPS beat(16)82.02%
Revenue beat(2)2
Avg Revenue beat(2)0.91%
Min Revenue beat(2)0.28%
Max Revenue beat(2)1.54%
Revenue beat(4)4
Avg Revenue beat(4)2.52%
Min Revenue beat(4)0.28%
Max Revenue beat(4)4.45%
Revenue beat(8)6
Avg Revenue beat(8)0.47%
Revenue beat(12)7
Avg Revenue beat(12)0.28%
Revenue beat(16)8
Avg Revenue beat(16)-0.97%
PT rev (1m)0%
PT rev (3m)5.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)34.55%
EPS NY rev (1m)0%
EPS NY rev (3m)72.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.64%
Valuation
Industry RankSector Rank
PE 235
Fwd PE N/A
P/S 1.22
P/FCF 17.18
P/OCF 5.47
P/B 0.88
P/tB 0.89
EV/EBITDA 64.45
EPS(TTM)0.01
EY0.43%
EPS(NY)-0.04
Fwd EYN/A
FCF(TTM)0.14
FCFY5.82%
OCF(TTM)0.43
OCFY18.29%
SpS1.92
BVpS2.67
TBVpS2.64
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0.77
Profitability
Industry RankSector Rank
ROA -18.59%
ROE -35.75%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 27.92%
FCFM 7.11%
ROA(3y)-6.67%
ROA(5y)-6.22%
ROE(3y)-11.16%
ROE(5y)-9.58%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y25.4%
GM growth 5Y-4.26%
F-Score4
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.49
Debt/FCF 9.58
Debt/EBITDA 34.94
Cap/Depr 65.69%
Cap/Sales 15.24%
Interest Coverage N/A
Cash Conversion 1150.62%
Profit Quality N/A
Current Ratio 2.69
Quick Ratio 2.39
Altman-Z -0.51
F-Score4
WACC8.5%
ROIC/WACCN/A
Cap/Depr(3y)180.71%
Cap/Depr(5y)126.79%
Cap/Sales(3y)20.16%
Cap/Sales(5y)15.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-75%
EPS 3Y-20.63%
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y-514.12%
EPS Next 2Y140.42%
EPS Next 3Y200.11%
EPS Next 5Y143.54%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.74%
Revenue Next Year2.47%
Revenue Next 2Y17.14%
Revenue Next 3Y7.89%
Revenue Next 5Y26.27%
EBIT growth 1Y-198.86%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year267.54%
EBIT Next 3Y69.81%
EBIT Next 5Y58.86%
FCF growth 1Y143.65%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y163.51%
OCF growth 3Y16.07%
OCF growth 5Y39.37%

CLEAN ENERGY FUELS CORP / CLNE FAQ

What is the fundamental rating for CLNE stock?

ChartMill assigns a fundamental rating of 3 / 10 to CLNE.


What is the valuation status of CLEAN ENERGY FUELS CORP (CLNE) stock?

ChartMill assigns a valuation rating of 2 / 10 to CLEAN ENERGY FUELS CORP (CLNE). This can be considered as Overvalued.


Can you provide the profitability details for CLEAN ENERGY FUELS CORP?

CLEAN ENERGY FUELS CORP (CLNE) has a profitability rating of 1 / 10.


What is the valuation of CLEAN ENERGY FUELS CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for CLEAN ENERGY FUELS CORP (CLNE) is 235 and the Price/Book (PB) ratio is 0.88.


What is the earnings growth outlook for CLEAN ENERGY FUELS CORP?

The Earnings per Share (EPS) of CLEAN ENERGY FUELS CORP (CLNE) is expected to decline by -514.12% in the next year.