Clean Energy Fuels Corp. (CLNE)

Over the past six months, Clean Energy Fuels Corp.'s stock price has declined, with the share price at $2.13 as of January 9, 2026, a 29.93% decrease from $3.04 on January 10, 2025. The stock's 52-week range has been between $1.30 and $3.67. Key events include the Q3 2025 earnings release, which reported revenue of $106.1 million and RNG volumes up 3% year-over-year, but the net loss expanded to $(23.8) million. Board resignations were announced on November 18, 2025. Shares lost 25% in the month leading up to November 20, 2025. The Q2 2025 earnings release reported a 5% increase in revenue. The Q1 2025 earnings release reported revenue of $103.8 million, but the net loss was significantly higher at $(135.0) million, and RNG gallons sold decreased by 12.8%. As of January 13, 2026, Clean Energy Fuels stock has a consensus "Buy" rating from analysts, with a median price target of $4.21.

There is evidence of demand seasonality for Clean Energy Fuels Corp.'s products and services, as cold weather conditions at the start of 2025 resulted in a reduced supply of RNG, leading to a 12.8% decrease in RNG gallons sold in Q1 2025 compared to Q1 2024.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, operating in the Energy sector, specifically in the Oil & Gas Refining & Marketing industry. The company markets and retails natural gas, including renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles. Clean Energy Fuels designs, builds, operates, and maintains natural gas fueling stations and sells related equipment, targeting markets such as heavy-duty trucking, airports, public transit, refuse, industrial, institutional energy users, and government fleets. The company also develops, owns, and operates dairy and other livestock waste RNG projects.

Clean Energy Fuels Corp. has a significant presence across North America, operating over 600 fueling stations in the U.S. and Canada, with the majority of its revenue generated within the U.S. The company sells compression equipment and offers station consultation in over 20 countries worldwide, and its corporate headquarters are located in Newport Beach, California, United States.

Clean Energy Fuels Corp. maintains a reputation as a leading provider in the natural gas fuel for transportation market, particularly in renewable natural gas (RNG). The company's focus on decarbonizing transportation through RNG is a key aspect of its public image. Financial performance, including persistent operating losses and reliance on government credits, has been noted as a concern by some analysts, which could impact investor perception. The expiration of the Alternative Fuel Tax Credit (AFTC) at the end of 2024 also highlights the company's exposure to regulatory shifts.

Institutional investors are the dominant force in Clean Energy Fuels Corp.'s ownership, collectively holding over half of its shares. Major institutional owners include BlackRock, Inc., Grantham, Mayo, Van Otterloo & Co. LLC, Vanguard Group Inc., Dimensional Fund Advisors Lp, Global Alpha Capital Management Ltd., State Street Corp, and Geode Capital Management, Llc. TotalEnergies SE holds approximately 19% of the company's shares.