Clean Energy Fuels (CLNE)

• Market cap: $422M
• 1 day: 2.72%
• 5 days: 2.72%
• 1 month: -9.13%
• 3 months: 8.00%
• 6 months: -31.77%
• Year to date: -28.14%
• 1 year: -33.45%
• 5 years: -13.70%
• 10 years: -75.00%
• Sector: Energy
• Industry: Oil & Gas Refining & Marketing

About: Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas for the United States (U.S.) and Canadian transportation markets. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The company operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. The company also builds, operates, and maintains natural gas fueling stations for customers. The company's target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.

Employees: 577

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

190% more call options, than puts

Call options by funds: $1.1M | Put options by funds: $380K

0% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 65

1.49% less ownership

Funds ownership: 51.03% [Q4 2024] → 49.54% (-1.49%) [Q1 2025]

4% less funds holding

Funds holding: 220 [Q4 2024] → 212 (-8) [Q1 2025]

14% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 36

40% less capital invested

Capital invested by funds: $286M [Q4 2024] → $172M (-$115M) [Q1 2025]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q4 2024] → 1 (-1) [Q1 2025]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $4 112% upside
• Avg. target: $4.50 138% upside
• High target: $5 165% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Lake Street Robert Brown	165% upside $5	Buy Maintained	9 May 2025
Scotiabank Paul Cheng	112% upside $4	Sector Outperform Maintained	11 Apr 2025