Clean Energy Fuels (WIQ) Price & Analysis
WIQ Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- CHF 261.52M
- Enterprise Value
- CHF 639.29M
- Total Cash (Recent Filing)
- CHF 140.15M
- Total Debt (Recent Filing)
- CHF 320.72M
- Price to Earnings (P/E)
- ―
- Beta
- -0.66
- Next Earnings
- Nov 05, 2026
- EPS Estimate
- -0.02
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Fuel Volume Growth
Growing fuel volumes indicate continued customer utilization of the network and support revenue expansion across heavy-duty transportation markets. Although RNG growth is more modest, broader volume gains can improve station economics and provide a durable base for future renewable-fuel adoption.
Cash And EBITDA Support
Positive adjusted EBITDA, maintained annual guidance, and a stronger cash position give the company financial capacity to fund projects and manage execution risks. This combination improves resilience while operating initiatives ramp, even though consistent GAAP profitability has not yet been achieved.
Diversified Growth Pipeline
A growing project pipeline expands Clean Energy’s opportunity beyond its existing fueling base. RNG development, Canadian network expansion, and hydrogen infrastructure create multiple avenues for future revenue and reduce reliance on any single transportation-fuel application or market.
Bears Say
Persistent Unprofitability
Thin gross margins and continuing operating and net losses show that higher revenue has not yet translated into durable earnings power. Until project scale and mix improve profitability, the company may have less internally generated capacity to fund growth and absorb operating volatility.
Slower Fleet Adoption
Delayed heavy-duty natural-gas engine adoption can slow fleet conversion, station utilization, and fuel-volume growth. Cautious customer commitments also make the timing of infrastructure returns less predictable, potentially extending the period before network investments generate stronger operating leverage.
Regulatory Credit Uncertainty
RNG economics depend partly on regulatory credits whose timing and value remain uncertain. Delayed 45Z rules or slower LCFS pathway approvals could reduce expected EBITDA, defer project benefits, and make the company’s renewable-fuel growth and margin outlook less predictable.
WIQ FAQ
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Clean Energy Fuels Stock Smart Score
Company Description
Clean Energy Fuels
Clean Energy Fuels Corp. specializes in providing natural gas as an alternative fuel source and comprehensive fueling infrastructure, primarily serving markets in the United States and Canada. The company supplies various forms of natural gas, including bio-based renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG), specifically for medium and heavy-duty transportation. Beyond fuel delivery, Clean Energy Fuels offers full-spectrum services for fueling stations, encompassing their design, construction, operation, and ongoing maintenance for both public and private vehicle fleet clients. It also sells and services essential equipment, such as compressors, vital for RNG production and fueling facilities. The company facilitates the distribution and sale of CNG, RNG, and LNG via virtual natural gas pipelines and interconnected systems. In addition to its core operations, Clean Energy Fuels actively participates in the environmental credit market. It sells U.S. federal, state, and local government credits—like Renewable Identification Numbers (RINs) and Low Carbon Fuel Standards (LCFS) credits—generated from the use of RNG as vehicle fuel. Concurrently, it secures grants, credits, and incentives from these governmental entities. A strategic initiative for the company involves the development, ownership, and operation of projects focused on producing RNG from dairy and other livestock waste. Its diverse clientele includes heavy-duty trucking, airports, waste management, public transit, industrial users, institutional energy consumers, and government fleets. As of December 31, 2021, Clean Energy Fuels served approximately 1,000 fleet customers, supporting around 48,000 vehicles. Its expansive network included roughly 548 fueling stations across 42 U.S. states and an additional 25 stations in Canada, which it either owned, operated, or supplied. Clean Energy Fuels Corp. was established in 2001 and is headquartered in Newport Beach, California.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- Barclay F. Corbus
- Employees
- 503
- Website
- www.cleanenergyfuels.com
- Address
- 4675 MacArthur Court, Newport Beach, CA, 92660, US
Clean Energy Fuels (WIQ) Earnings & Revenues
WIQ Earnings Call
Earnings Call SentimentPositive
The call conveyed a generally constructive operational and financial picture: revenue and fuel volumes grew YoY, cash improved, Q2 adjusted EBITDA was positive, RNG upstream operations are trending better, new projects and markets (Canadian CNG network, hydrogen contract, gas-to-power work) demonstrate diversification and growth potential. Key risks tempering the outlook include regulatory timing and valuation uncertainty around Section 45Z and LCFS pathways, slower-than-expected heavy-duty truck engine adoption due to EPA-driven diesel prebuys, and normal seasonal/commodity-driven sequential volatility. Management is maintaining full-year guidance while noting the upside potential (roughly $5M) if 45Z rules are finalized favorably in 2026.
View all CH:WIQ earnings summaries







