# Clean Energy Fuels Corp. (CLNE) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $1.65, market value $364 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Clean Energy Fuels Corp. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 27.7×**. Enterprise value is 27.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 6.3%** (5-yr avg 1.9%). Free cash flow equals 6.3% of the market value, above its five-year average of 1.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Operating margin: -7.3%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -52.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -39.7%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -4.1%**. Return on all capital, debt included, is -4.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -8.9%**. Each dollar of assets produces -8.9% of profit.

## Growth
- **Revenue growth (1 yr): 2.2%** (3-yr 0.4%/yr, 5-yr 7.8%/yr). Revenue grew 2.2% over the last year, against 7.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -173.0%**. Earnings per share fell 173.0%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 39.2%/yr**. Free cash flow has compounded at 39.2% a year over three years.

## Financial health
- **Debt to equity: 0.41**. Debt is 0.41 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 4.5×**. It would take 4.5 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.09**. A Z-score of 1.09 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Clean Energy Fuels Corp. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (6 analysts). 6 analysts cover Clean Energy Fuels Corp.; the consensus is buy, with an average price target of $4.03 (+144% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -35.3%** (YTD -21.4%, 3-mo -14.5%). The shares are down 35.3% over twelve months including dividends.
- **From 52-week high: -46.9%** (7.1% above the low). Trading 47% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.28** (volatility 53%). Beta of 0.28 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CLNE · Page: https://foliofundamentals.com/stocks/clne

Not investment advice.