Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains fueling stations; sells and services compressors and other equipment that are used in fueling stations; and provides assessment, design, and modification solutions to offer operators with code-compliant service and maintenance facilities for natural gas vehicle fleets. In addition, it transports and sells CNG and LNG through virtual natural gas pipelines and interconnects; procures and sells RNG; sells tradable credits, such as RNG and conventional natural gas as a vehicle fuel comprising Renewable Identification Numbers and Low Carbon Fuel Standards credits; enables its customers to acquire and finance natural gas vehicles; and obtains federal, state and local credits, grants, and incentives. The company serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2020, it served approximately 1,000 fleet customers operating approximately 48,000 vehicles; and owned, operated, or supplied approximately 565 fueling stations in 39 states in the United States and 5 provinces in Canada. The company was incorporated in 2001 and is headquartered in Newport Beach, California.
IPO Year: 2007
Exchange: NASDAQ
Website: cleanenergyfuels.com
Date | Price Target | Rating | Analyst |
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10/3/2023 | $6.00 | Outperform → Strong Buy | Raymond James |
9/5/2023 | $7.50 | Outperform | Northland Capital |
7/13/2023 | $6.00 | Buy | Stifel |
4/5/2023 | $6.00 | Mkt Perform → Outperform | Raymond James |
2/28/2023 | $8.00 | Overweight | Piper Sandler |
12/14/2022 | $12.00 | Buy | UBS |
10/19/2022 | $9.00 | Buy | Jefferies |
9/8/2022 | Sector Outperform | Scotiabank | |
8/16/2022 | Outperform → Mkt Perform | Raymond James | |
5/10/2022 | $6.00 | Mkt Perform → Outperform | Raymond James |
New station to support Riverside Transit Agency's growing hydrogen bus fleet with state-of-the-art fueling infrastructure and hydrogen supply Clean Energy (NASDAQ: CLNE), the country's largest provider of the cleanest fuel for the transportation market, has been awarded the contract to design and construct a new state-of-the-art hydrogen fueling station for Riverside Transit Agency (RTA) in California. The contract was won following a competitive solicitation and also includes the supply of hydrogen and maintenance services for the private access, purpose-built station located in Riverside. This press release features multimedia. View the full release here: https://www.businesswire.com/n
Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, has announced a series of new deals as it continues to meet the growing customer demand for renewable natural gas (RNG), with new fueling contracts, construction of additional fueling infrastructure, and operations and maintenance contracts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205996581/en/Clean Energy's Port of Long Beach RNG station (Photo: Business Wire) "The last quarter has been one of our best periods for RNG sales with deals closing across the board in the heavy-duty truck, transit, and refuse ma
Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the opening of a newly expanded renewable natural gas (RNG) fueling station in the City of Carson. Designed, constructed and operated by Clean Energy, this station is owned by Los Angeles County Sanitation Districts (Districts) and will provide clean RNG fuel to the public as well as Districts' vehicles, local public transit buses, waste haulers and medium to heavy-duty trucks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241125267550/en/Clean Energy's expanded renewable natural gas fueling station in Carson, CA (Photo: Business Wire) The station is located at 23924 S. Figu
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the third quarter of 2024. Financial Highlights Revenue of $104.9 million in Q3 2024 compared to $95.6 million in Q3 2023. Net loss attributable to Clean Energy for Q3 2024 was $(18.2) million, or $(0.08) per share, on a GAAP (as defined below) basis, compared to $(25.8) million, or $(0.12) per share, for Q3 2023. Adjusted EBITDA (as defined below) was $21.3 million for Q3 2024, compared to $14.2 million for Q3 2023. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $243.5 million as of September 30, 2024. 2024 outlook: GAAP net loss
The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking
The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets. CALGARY, AB, Oct. 22, 2024 /PRNewswire/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a cruc
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the third quarter of 2024 on November 6, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.225.9448 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9708. (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through December 6, 2024 b
Station to fuel up to 120 transit buses with clean CNG which provide over 51 million rides across the city Clean Energy Fuels Corp. (NASDAQ:CLNE), the largest provider of the cleanest fuel for the transportation market, has announced a new agreement with the Metropolitan Transit Authority of Harris County (METRO), the region's largest public transport provider, to build the agency's first private compressed natural gas (CNG) fueling station. The new state-of-the-art facility will be the first of its kind and will exclusively serve up to 120 of METRO's newest natural gas-powered transit buses operating busy routes throughout Houston and beyond. This press release features multimedia. View t
Clean Energy Fuels Corp. (NASDAQ:CLNE), the largest provider of renewable natural gas (RNG) for the transportation industry has announced that it is launching a program to allow heavy-duty fleets to operate a truck equipped with the new Cummins X15N engine. The first company to participate in the program is industry leader J.B. Hunt Transport Inc., one of the largest commercial fleet operators with extensive logistics and transportation services in North America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916794317/en/J.B. Hunt kicks off Clean Energy's demo truck program in San Bernardino, CA. (Photo: Business Wire) The
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the second quarter of 2024. Financial Highlights Revenue of $98.0 million in Q2 2024 compared to $90.5 million in Q2 2023. Net loss attributable to Clean Energy for Q2 2024 was $(16.3) million, or $(0.07) per share, on a GAAP (as defined below) basis, compared to $(16.3) million, or $(0.07) per share, for Q2 2023. Adjusted EBITDA (as defined below) was $18.9 million for Q2 2024, compared to $12.1 million for Q2 2023. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $249.3 million as of June 30, 2024. 2024 outlook: GAAP net loss
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Clean Energy Fuels Corp. (NASDAQ:CLNE) today announced that it has appointed Patrick J. Ford to the company's Board of Directors, effective March 27, 2024. In addition to serving on the Board of Directors, he will also be a member of Clean Energy's audit committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328107343/en/Partick J. Ford Appointed to Clean Energy Fuels' Board of Directors (Photo: Business Wire) Patrick Ford, 62, served as an Audit Partner at KPMG LLP from 1994 until his retirement in 2022. During his tenure at KPMG, he served numerous SEC registrants as the Lead Audit Engagement Partner in the energy, autom
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today that Mathieu Soulas, Senior Vice President New Mobilities & Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Laurent Wolffsheim, who had served on the Board since October 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230921393847/en/Mathieu Soulas (Photo: Business Wire) "Mathieu brings a wealth of applicable experience to our conversations and decision-making process," said Clean Energy Board of Directors Chairman Stephen Scully. "As one of the leaders in the energy transition towards a carbon neutral world, Mat
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today that Lorraine Paskett, vice president of AES Corporation, has been appointed to the Board of Directors effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211222005061/en/Clean Energy appoints energy sector leader Lorraine Paskett to Board of Directors. (Photo: Business Wire) "Lorraine is an esteemed industry leader with more than 25 years of experience in the energy and environmental sectors," said Clean Energy Board of Directors Chairman Stephen Scully. "With her background in climate change reform and the renewable energy market, I'm confident that she wi
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today that Karine Boissy-Rousseau, Senior Vice President New Mobility and Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Phillipe Charleux, who had served on the Board of Directors since February 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211207005332/en/Karin Boissy-Rousseau appointed to Clean Energy board of directors. (Photo: Business Wire) "As a highly respected and seasoned executive with significant experience in renewable fuels, we look forward to Karine's engagement and assistance in guiding our objectives
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced that Total S.E. has changed one of its designees to the company’s Board of Directors. Effective immediately Thomas Maurisse, Senior Vice President LNG for Total SE’s Gas, Renewables & Power, has been appointed to the Board of Directors to replace Philippe Montantême, who had served on the Board of Directors since September 2018. “As a highly respected and seasoned executive with significant experience in renewable fuels, we look forward to Thomas’ engagement and assistance in guiding our objectives," said Clean Energy Board of Directors Chairman Stephen Scully. “We are fortunate to hav
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the third quarter of 2024. Financial Highlights Revenue of $104.9 million in Q3 2024 compared to $95.6 million in Q3 2023. Net loss attributable to Clean Energy for Q3 2024 was $(18.2) million, or $(0.08) per share, on a GAAP (as defined below) basis, compared to $(25.8) million, or $(0.12) per share, for Q3 2023. Adjusted EBITDA (as defined below) was $21.3 million for Q3 2024, compared to $14.2 million for Q3 2023. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $243.5 million as of September 30, 2024. 2024 outlook: GAAP net loss
The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking
The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets. CALGARY, AB, Oct. 22, 2024 /PRNewswire/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a cruc
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the third quarter of 2024 on November 6, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.225.9448 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9708. (Conference ID: CLEAN). A telephone replay will be available approximately three hours after the call concludes through December 6, 2024 b
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the second quarter of 2024. Financial Highlights Revenue of $98.0 million in Q2 2024 compared to $90.5 million in Q2 2023. Net loss attributable to Clean Energy for Q2 2024 was $(16.3) million, or $(0.07) per share, on a GAAP (as defined below) basis, compared to $(16.3) million, or $(0.07) per share, for Q2 2023. Adjusted EBITDA (as defined below) was $18.9 million for Q2 2024, compared to $12.1 million for Q2 2023. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $249.3 million as of June 30, 2024. 2024 outlook: GAAP net loss
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the second quarter of 2024 on August 7, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.844.826.3035 from the U.S. and international callers can dial 1.412.317.5195. A telephone replay will be available approximately three hours after the call concludes through September 7, 2024 by dialing 1.844.512.2921 from the U.S., or 1.4
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the first quarter of 2024. Financial Highlights Revenue of $103.7 million in Q1 2024 compared to $132.2 million in Q1 2023. Net loss attributable to Clean Energy for Q1 2024 was $(18.4) million, or $(0.08) per share, on a GAAP (as defined below) basis, compared to $(38.7) million, or $(0.17) per share, for Q1 2023. Adjusted EBITDA (as defined below) was $12.8 million for Q1 2024, compared to $(4.0) million for Q1 2023. Cash, Cash Equivalents (less restricted cash) and Short-Term Investments totaled $248.9 million as of March 31, 2024. 2024 outlook (Unchanged):
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the first quarter of 2024 on May 9, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.800.245.3047 from the U.S. (Conference ID: CLEAN) and international callers can dial 1.203.518.9765 (Conference ID: CLEAN). A telephone replay will be available approximately two hours after the call concludes through June 9, 2024 by dialing 1
Clean Energy Fuels Corp. (NASDAQ:CLNE) ("Clean Energy" or the "Company") today announced its operating results for the fourth quarter of 2023 and year ended December 31, 2023. Financial Highlights Revenue of $106.9 million in Q4 2023 compared to $113.8 million in Q4 2022. Revenue of $425.2 million for the year 2023, compared to $420.2 million for 2022. Net loss attributable to Clean Energy for Q4 2023 was $(18.7) million, or $(0.08) per share, on a GAAP (as defined below) basis, compared to $(12.3) million, or $(0.06) per share, for Q4 2022. Net loss attributable to Clean Energy for the year 2023 was $(99.5) million, or $(0.45) per share, on a GAAP (as defined below) basis, co
Clean Energy Fuels Corp. (NASDAQ:CLNE) announced today it will release financial results for the fourth quarter of 2023 on February 27, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.888.886.7786 from the U.S. and international callers can dial 1.416.764.8658. A telephone replay will be available approximately two hours after the call concludes through March 27, 2024 by dialing 1.844.512.2921 from the U.S., or 1.412
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Raymond James upgraded Clean Energy Fuels from Outperform to Strong Buy and set a new price target of $6.00
Northland Capital initiated coverage of Clean Energy Fuels with a rating of Outperform and set a new price target of $7.50
Stifel initiated coverage of Clean Energy Fuels with a rating of Buy and set a new price target of $6.00
Raymond James upgraded Clean Energy Fuels from Mkt Perform to Outperform and set a new price target of $6.00
Piper Sandler initiated coverage of Clean Energy Fuels with a rating of Overweight and set a new price target of $8.00
UBS initiated coverage of Clean Energy Fuels with a rating of Buy and set a new price target of $12.00
Jefferies initiated coverage of Clean Energy Fuels with a rating of Buy and set a new price target of $9.00
Scotiabank initiated coverage of Clean Energy Fuels with a rating of Sector Outperform
Raymond James downgraded Clean Energy Fuels from Outperform to Mkt Perform
Raymond James upgraded Clean Energy Fuels from Mkt Perform to Outperform and set a new price target of $6.00