Clean Energy Fuels (0I04) AI Stock Analysis

Clean Energy Fuels

(LSE:0I04)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Fuel Volume GrowthGrowing 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.

Negative Factors

Persistent UnprofitabilityThin 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.

Clean Energy Fuels (0I04) vs. iShares MSCI United Kingdom ETF (EWC)

Market Cap: $317.44M
Dividend Yield: ―
Average Volume (3M): 10.69K
Price to Earnings (P/E): -3.3
Beta (1Y): 0.26
Revenue Growth: 4.50%
EPS Growth: 52.98%
Country: UK
Employees: 503
Sector: Energy
Sector Strength: 65
Industry: Oil & Gas Refining & Marketing

Clean Energy Fuels Business Overview & Revenue Model

Company Description

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, includ...

Clean Energy Fuels Earnings Call Summary

Earnings Call Date:Aug 05, 2026(Q2-2026)|% Change Since:-23.12%|Next Earnings Date:Nov 04, 2026

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.

Positive Updates

Revenue and Financial Position

Second-quarter revenue of $106.4M, up from $102.0M year-over-year (+4.3%). Reported Q2 adjusted EBITDA of $16M and management maintained full-year adjusted EBITDA guidance of $70–$75M. Cash and short-term investments finished the quarter at $138M, up from $126M at March-end (+9.5% QoQ).

Negative Updates

45Z Production Tax Credit Timing and Value Uncertainty

Treasury finalization of Section 45Z rules and GREET model delayed to Q4. Management expects the finalized rules to be positive and has factored up to ~$5M of incremental adjusted EBITDA into outlook, but if rules are delayed beyond 2026 or provide minimal benefit, adjusted EBITDA could fall below the $70–$75M guidance range.

Company Guidance

Management maintained its full‑year 2026 outlook while reporting Q2 results of $106.4 million in revenue (up from $102.0M a year ago), approximately $16 million of adjusted EBITDA, and total fuel volumes of 81.8 million gallons (+7% YoY) including 3.2 million gallons of RNG (+3% YoY) and 2.1 million gallons of dairy RNG production; fuel margins were largely in line with plan but revenue declined sequentially from Q1 due to lower natural gas prices and reduced trading volatility. The company finished June with $138 million of cash and short‑term investments (vs. $126M at March), has 8 operating RNG projects and 3 JV projects under construction (2 expected online later this year, 1 next year), and has contributed $24M to the Moss JV through June plus $12M in July (less than $5M remains). Management reiterated full‑year adjusted EBITDA guidance of $70–75 million but noted final Treasury/CARB GREET/45Z rulemaking expected in Q4 could add up to ~$5 million of incremental adjusted EBITDA; if the rule is delayed or provides minimal benefit, adjusted EBITDA could fall below the $70–75M range.

Clean Energy Fuels Risk Analysis

Clean Energy Fuels disclosed 29 risk factors in its most recent earnings report. Clean Energy Fuels reported the most risks in the "Finance & Corporate" category.

Finance & Corporate10
Tech & Innovation2
Legal & Regulatory4
Production8
Ability to Sell4
Macro & Political1

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

0 New Risks

Clean Energy Fuels Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

GB:0I04 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUN	85Outperform	$14.51B	14.72	18.17%	5.43%	83.34%	123.75%
UGP	74Outperform	$6.37B	9.86	20.80%	6.51%	20.26%	31.82%
Sector *	65Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
CAPL	59Neutral	$859.28M	15.85	-72.93%	9.33%	0.29%	21.69%
WKC	56Neutral	$1.91B	-12.79	-13.12%	2.30%	21.05%	62.41%
APC	46Neutral	$714.50M	19.03	8.43%	5.26%	―	―

* Energy Sector Average

Performance Comparison

GB:0I04 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
GB:0I04	Clean Energy Fuels	1.43	-1.46	-50.48%
UGP	Ultrapar Participacoes	5.81	2.09	56.10%
WKC	World Kinect Corporation	37.34	12.02	47.46%
SUN	Sunoco LP	70.84	21.50	43.56%
CAPL	Crossamerica Partners LP	22.51	3.66	19.40%
APC	ARKO Petroleum Corp. Class A	15.02	-1.84	-10.93%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Clean Energy Fuels AI Stock Analysis