Clean Energy Fuels Corp (CLNE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Clean Energy Fuels Corp stock $2.04, price $1.91, upside +6.8%, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
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Clean Energy Fuels Corp
CLNE · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $1.32 – $9.54 · fair‑value band $1.55 – $2.61 · the $1.91 price screens below the $2.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Company profile
Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada.
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It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and provides operation and maintenance services for public and private vehicle fleet customer stations.
The company also designs, builds, operates, and maintains vehicle fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations.
In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives.
Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets.
The company was incorporated in 2001 and is headquartered in Newport Beach, California.
Stock analysis
Clean Energy Fuels Corp (CLNE) currently trades at $1.91, while our model-based Fair Value estimate is $2.04, so the stock looks roughly fairly valued today (gap 6.4%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of $2.21 per share, and 3 of the 7 models we run sit above the $1.91 price.
Bear case: the Asset-Based group reads lowest at $1.67, and 4 of the 7 models stay below the price. Data coverage for this calculation is low.
Scenario range: $1.55 (bear) to $2.61 (bull), the price of $1.91 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Clean Energy Fuels Corp reported revenue of $426M in FY2025 versus $256M in FY2021, a compound +13.6%/yr. Reported net income was −$222M in FY2025.
Key figures
Market cap $421M Small · P/S ratio 0.94 · EPS (TTM) $−0.4300 · Net margin −17.0% · Return on equity −12.6% · Return on assets (EBIT) −6.5% (5-year average) · Operating margin 0.9% · Revenue (TTM) $448M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −46% fair-value upside, at 7%, CLNE screens cheaper than that median.
Fair Value models
All 7 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 2 officers or directors bought shares worth $109,030, most recently on Aug 10, 2026. Over the same period, one person sold shares worth $338,250. Buying cluster
- BuyBarclay CorbusPRESIDENT AND CEO, Director2× since Jun 23, 2026: 39,000 shares, avg. $1.67$65,280Aug 10, 2026
- BuyStephen ScullyDirector25,000 shares at $1.75$43,750Jun 25, 2026
- SaleAndrew J LittlefairDirector165,000 shares at $2.05$338,250May 18, 2026
Plus 7 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
Watch CLNE, get fair value alerts →
Recent news
- Clean Energy Fuels Corp (CLNE) (Q3 2026) Earnings Call Highlights: Raised Guidance, Surging RNG ...
- Clean Energy Fuels (NASDAQ:CLNE) reports strong Q3 2026, stock jumps 10.9%
- Clean Energy Fuels (CLNE) Tops Q3 Earnings and Revenue Estimates
- Clean Energy Fuels: Q3 Earnings Snapshot
Compare Clean Energy Fuels Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Refining & Marketing · 115 stocks
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Indian Oil Corporation IOC | ₹146.25 | ₹245.43 | +68% | vs CLNE |
| Bharat Petroleum Corporation BPCL | ₹319.90 | ₹434.58 | +36% | vs CLNE |
| SK Innovation Co 096770 | 109,400 KRW | 134,361 KRW | +23% | vs CLNE |
| Reliance Industries Limited RELIANCE | ₹1,320 | ₹865.31 | −34% | vs CLNE |
| HF Sinclair Corporation DINO | $97.18 | $52.92 | −46% | vs CLNE |
| Neste Oyj NESTE | €27.45 | €11.70 | −57% | vs CLNE |
| Formosa Petrochemical Corporation 6505 | 88.40 TWD | 35.53 TWD | −60% | vs CLNE |
| Valero Energy Corporation VLO | $346.45 | $131.30 | −62% | vs CLNE |
| Phillips 66 PSX | $245.72 | $86.38 | −65% | vs CLNE |
| Marathon Petroleum Corporation MPC | $372.74 | $113.66 | −70% | vs CLNE |
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Key figures of Clean Energy Fuels Corp
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