Clean Energy Fuels Corp. (CLNE)
NASDAQEnergyOil & Gas Refining & MarketingSnapshot 2026-11-05
$1.51-3.82%
Close 2026-11-05 · 1-day change
NASDAQEnergyOil & Gas Refining & MarketingSnapshot 2026-11-05
QuarterlyIQ Insights · CLNE
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -33.6% |
| Our one-year growth estimate | diamond | -1.4% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 32.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 10 industry peers · Company calendar date is not available
CLNE — CFO transition
Dated 2026-10-06
CFO — Robert M. Vreeland: The CFO transitioned out with an immediate internal successor (former VP/Controller) appointed on the same day, indicating an orderly succession rather than a sudden loss of leadership.
Why it matters: Q2 Adjusted EBITDA fell from $17.5M a year earlier. A rise would help the company reach its 2026 goal.
Watch forQ3 Adjusted EBITDA is above $16.0M.
Also watch forQ3 Adjusted EBITDA is below $16.0M.
Why it matters: Cash and short-term investments fell from $156.1M at year-end to $138.0M in June. A further drop would add to cash pressure.
Worry ifCash, cash equivalents, and short-term investments total less than $126.2M at September 30, 2026.
Less concerning ifThose funds are at least $138.0M at September 30, 2026.
Why it matters: The project entered service in Q1 and is planned to make about 3.5M gallons yearly. Output would test whether new supply is ramping up.
Supportive ifClean Energy reports East Valley output at an annual pace near 3.5M gallons.
Worry ifClean Energy reports East Valley output remains below that pace or the project has a delay.
Why it matters: The new sites can widen Clean Energy's fueling network. Open stations and fleet use would show the expansion is turning into service.
Supportive ifAll six announced sites open and start fueling customers.
Worry ifThe company reports that one or more of the six sites are delayed, canceled, or not serving customers.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$194 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $478 loss on $10,000 · 4.8% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,091 loss on $10,000 · 50.9% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Management set a $70M to $75M goal for 2026. First-half Adjusted EBITDA was $32.6M, below half of the low end.
Supportive ifFull-year 2026 Adjusted EBITDA is at least $70M.
Worry ifAdjusted EBITDA for all of 2026 is below $70M.
Why it matters: RNG gallons sold grew 2.9% in Q2, after 33.2% growth in Q1. Another rise would show fleet demand is still growing.
Supportive ifQ3 RNG gallons sold are above 63.2M, the Q2 2026 level.
Worry ifQ3 RNG gallons sold are at or below 63.2M.