Clean Energy Fuels Corp (CLNE) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Clean Energy Fuels Corp $2.05, price $1.62, upside +26.5%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Clean Energy Fuels Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $1.32 – $11.18 · fair‑value band $1.56 – $2.63 · the $1.62 price screens below the $2.05 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. Dashed = 300-day average. As of Sep 23, 2026.
Follow Clean Energy Fuels in your weekly email
Every Wednesday you see whether Clean Energy Fuels is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada.
Show more
Clean Energy Fuels Corp. offers natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. 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 $1.62, while our model-based Fair Value estimate is $2.05, implying the stock looks roughly 21.0% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of $2.40 per share, and 6 of the 7 models we run sit above the $1.62 price.
Bear case: the Multiples group reads lowest at $1.20, and 1 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1.56 (bear) to $2.63 (bull), the price of $1.62 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 $410M · P/S ratio 0.93 · EPS (TTM) $−0.4700 · Net margin −52.1% · Return on equity −17.2% · Return on assets (EBIT) −6.5% · Operating margin −2.5% · Revenue (TTM) $439M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −61% fair-value upside, at 27%, CLNE screens cheaper than that median.
Fair Value models
Bear $1.56Fair Value $2.05Bull $2.63
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: +1.0% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.3%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−3.4% (2020) → −22.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+2.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +12.0% a year for the price and +0.5% for the forecasts.
Compare Clean Energy Fuels Corp with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 110 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+27% · Above median
Profitability
Return on assets−2% · Bottom 25%
Net margin (TTM)−23% · Bottom 25%
Operating margin (TTM)−2% · Bottom 25%
Growth and dividend
Revenue growth13% · Above median
Balance sheet
Debt / equity0.41× · Above median
Valuation Multiplesvs Oil & Gas Refining & Marketing median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Clean Energy Fuels Corp Fair Value". https://www.fairvalue-calculator.com/stock/CLNE
Frequently asked questions
Is Clean Energy Fuels Corp (CLNE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.05 versus a price of $1.62, about +27% upside (undervalued).
What is the fair value of CLNE?
Our model-based fair value for Clean Energy Fuels Corp is $2.05 (as of Sep 23, 2026), built from audited fundamentals. The current price: $1.62.
What is the quality score of CLNE?
Clean Energy Fuels Corp has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Clean Energy Fuels Corp (CLNE)?
Our model-based price target is the fair value of $2.05 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $1.56, optimistic scenario $2.63. It is a calculation from audited fundamentals, not an analyst target.
What is the Clean Energy Fuels Corp stock forecast for 2026?
Our models put fair value at $2.05, about +27% upside versus a price of $1.62 (undervalued). Cautious scenario $1.56, optimistic scenario $2.63. The calculation is refreshed regularly with new filings.
What is the revenue of Clean Energy Fuels Corp (CLNE)?
Clean Energy Fuels Corp reported trailing-twelve-month revenue of about $439M (latest available figure, as of Sep 23, 2026).
What growth is priced into Clean Energy Fuels Corp (CLNE)?
For today's price to be fair in a discounted-cash-flow model, Clean Energy Fuels Corp would have to grow free cash flow by +14.6 % per year for five years (discount rate 13.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.9 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of CLNE use?
Our models discount Clean Energy Fuels Corp at 13.6 %: a base by market capitalisation (small), damped by beta 1.83, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Clean Energy Fuels Corp that is +14.6 % per year a year over ten years, using the same discount rate (13.6 %) and the same formula as our fair value.
How much growth has Clean Energy Fuels Corp (CLNE) delivered so far?
Over the past 5 years revenue at Clean Energy Fuels Corp grew +7.9 % a year. The price currently implies +14.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Clean Energy Fuels Corp (CLNE) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Clean Energy Fuels Corp (+14.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Clean Energy Fuels Corp (CLNE)?
The free-cash-flow yield on the price is 7.17 %: that much free cash flow Clean Energy Fuels Corp produces per unit of market value. When it exceeds the discount rate of our models (13.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Clean Energy Fuels Corp (CLNE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Clean Energy Fuels Corp it is $2.05 per share (as of Sep 23, 2026), against a price of $1.62. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Clean Energy Fuels Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, CLNE trades below its calculated fair value: price $1.62, fair value $2.05, a gap of about +27% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CLNE?
No. The price is what the market pays today ($1.62); the fair value is what the company's own numbers justify ($2.05). For Clean Energy Fuels Corp the two are $0.4300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Clean Energy Fuels Corp worth?
The market values Clean Energy Fuels Corp at about $410M (market capitalisation, as of Sep 23, 2026). Per share that is $1.62; our models calculate a fair value of $2.05 per share.
What do the bullish and bearish scenarios say about CLNE?
Our models span a range for Clean Energy Fuels Corp: cautious scenario $1.56, base $2.05, optimistic $2.63 per share (as of Sep 23, 2026, price $1.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of CLNE?
The PEG ratio of Clean Energy Fuels Corp is 4.72 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Clean Energy Fuels Corp (CLNE)?
Balance-sheet figures for Clean Energy Fuels Corp (as of Sep 23, 2026): return on equity −17.2%, debt of 0.41 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is CLNE from its 52-week high?
Clean Energy Fuels Corp trades at $1.62, about 47% below its 52-week high of $3.06 and 3% above the low of $1.57 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.05 is for.
Which stocks are comparable to Clean Energy Fuels Corp?
From the same area (Energy) we also value Reliance Industries Limited, Valero Energy Corporation, Marathon Petroleum Corporation, Phillips 66, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Clean Energy Fuels Corp stock attractive at the current price?
The data as of Sep 23, 2026: price $1.62, calculated fair value $2.05 (+27%), Quality Score 42/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CLNE calculated?
We run Clean Energy Fuels Corp through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.05, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Clean Energy Fuels Corp currently trades 27 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Clean Energy Fuels Corp (CLNE)?
The closing price on Sep 23, 2026 was $1.62. Our model-based fair value is $2.05, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Clean Energy Fuels Corp right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Clean Energy Fuels Corp
How large is the market capitalisation of Clean Energy Fuels Corp (CLNE)?
The market capitalisation of Clean Energy Fuels Corp is $410M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Clean Energy Fuels Corp (CLNE)?
The price-to-sales ratio of Clean Energy Fuels Corp is 0.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Clean Energy Fuels Corp (CLNE)?
Earnings per share at Clean Energy Fuels Corp are $−0.4700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Clean Energy Fuels Corp (CLNE)?
The net margin of Clean Energy Fuels Corp is −52.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Clean Energy Fuels Corp (CLNE)?
The return on equity (ROE) of Clean Energy Fuels Corp is −17.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Clean Energy Fuels Corp (CLNE)?
On an EBIT basis the return on assets of Clean Energy Fuels Corp is −6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Clean Energy Fuels Corp (CLNE)?
The operating margin of Clean Energy Fuels Corp is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Clean Energy Fuels Corp (CLNE)?
Revenue at Clean Energy Fuels Corp is growing +13.3% versus a year earlier (3y avg +0.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Clean Energy Fuels Corp (CLNE)?
Earnings per share at Clean Energy Fuels Corp are growing +512% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Clean Energy Fuels Corp (CLNE) hold?
Clean Energy Fuels Corp holds more cash than debt, $58.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Clean Energy Fuels Corp in the live analysis
One click puts Clean Energy Fuels Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Some data
Sep 23, 2026