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Clean Energy Fuels Corp - CLNE STOCK NEWS

Welcome to our dedicated page for Clean Energy Fuels news (Ticker: CLNE), a resource for investors and traders seeking the latest updates and insights on Clean Energy Fuels stock.

Overview of Clean Energy Fuels Corp (CLNE)

Clean Energy Fuels Corp (NASDAQ: CLNE) is North America’s largest provider of natural gas fuel for the transportation sector, playing a pivotal role in the transition to cleaner energy solutions. The company specializes in supplying compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG), catering to a diverse range of industries such as heavy-duty trucking, public transit, airport shuttles, waste management, and government fleets. By offering sustainable alternatives to diesel and gasoline, Clean Energy addresses the growing demand for low-emission fuels, helping its customers significantly reduce their carbon footprint.

Business Model and Operations

Clean Energy operates a vertically integrated business model that spans the entire value chain of natural gas fueling. The company purchases natural gas from local utilities, processes it through compression, cooling, or liquefaction at its facilities, and distributes it via its extensive network of fueling stations. With approximately 500 fueling stations across the United States and Canada, Clean Energy supports over 35,000 vehicles daily. These stations are either company-owned or maintained for customer use, ensuring widespread access to natural gas fuels.

In addition to fueling infrastructure, Clean Energy manufactures CNG and LNG equipment and technologies, both for its operations and for external clients. The company also invests in the development of RNG production facilities, converting organic waste into renewable fuel. RNG represents a critical growth area for Clean Energy, as it offers an even lower carbon intensity compared to traditional natural gas, aligning with global sustainability goals.

Market Segments and Customer Base

Clean Energy serves a broad spectrum of customers, including:

  • Trucking and Logistics: Heavy-duty trucking companies benefit from the cost and emissions advantages of natural gas fuels, especially along key transportation corridors.
  • Public Transit: Municipal transit systems leverage CNG and RNG to meet stringent emission standards while maintaining operational efficiency.
  • Airports: Airport shuttles and ground transportation fleets utilize natural gas to reduce environmental impact.
  • Waste Management: Refuse trucks powered by natural gas contribute to cleaner urban environments.
  • Government and Institutional Fleets: Federal and local government agencies adopt natural gas solutions to meet sustainability mandates.

These diverse market segments highlight Clean Energy's adaptability and broad appeal across industries seeking to transition to cleaner energy sources.

Industry Context and Competitive Positioning

The energy and transportation sectors are undergoing a significant transformation driven by the global push for decarbonization. Clean Energy Fuels Corp operates at the intersection of these trends, providing a practical and scalable solution for industries that require high energy density and reliability, such as long-haul trucking. While electric vehicle (EV) technologies dominate the clean transportation narrative, natural gas fuels offer a complementary pathway, particularly for heavy-duty applications where EV infrastructure and battery technology remain limited.

Clean Energy faces competition from other natural gas providers and alternative fuel technologies, but its focus on RNG sets it apart. RNG not only reduces greenhouse gas emissions but also captures and utilizes methane from organic waste, creating a closed-loop system. This positions Clean Energy as a leader in the circular economy, appealing to environmentally conscious customers and investors.

Challenges and Opportunities

Despite its strong market position, Clean Energy encounters challenges such as fluctuating natural gas prices, regulatory changes, and competition from emerging technologies like hydrogen fuel cells. However, the company’s strategic partnerships, such as its collaboration with Tourmaline Oil Corp to build a CNG fueling network in Western Canada, demonstrate its proactive approach to market expansion. Additionally, the increasing adoption of RNG provides a significant growth opportunity, as governments and corporations prioritize renewable energy solutions.

Significance in the Clean Energy Transition

Clean Energy Fuels Corp is a key player in the transition to sustainable transportation, offering immediate and scalable solutions to reduce emissions. Its investments in RNG production and fueling infrastructure align with long-term environmental goals, making it an essential partner for industries seeking to meet carbon reduction targets. By bridging the gap between traditional fuels and emerging technologies, Clean Energy enables a smoother transition to a low-carbon future.

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Clean Energy Fuels Corp. (CLNE) completes a renewable natural gas facility in Marshall County, Iowa, producing 1.7 million gallons of low carbon-intensity RNG annually. The $42 million Marshall Ridge Dairy project converts manure into biogas, reducing harmful emissions and decarbonizing commercial transport.
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Rimere, a climate solutions company, secures a $10 million investment from Clean Energy Fuels Corp. to develop plasma technology devices that produce clean hydrogen and graphene, decarbonizing natural gas infrastructure. The Reformer and the Mitigator aim to reduce climate change emissions and enable the transition to a clean hydrogen future, with the Reformer achieving a negative carbon-intensity rating when using renewable natural gas as feedstock.
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Clean Energy Fuels Corp. (Nasdaq: CLNE) has completed the operational launch of a new renewable natural gas (RNG) production facility at Tri-Cross Dairy in South Dakota. The facility, situated on a 5,000-cow dairy farm, is expected to produce 1 million gallons annually of negative carbon-intensity RNG. The construction costs of the facility totaled $34 million and were completed in December 2023. Clean Energy anticipates a surge in demand for RNG fuel in the transportation market in 2024, and the new production facilities at Tri-Cross Dairy and other farms in the Midwest are crucial to their strategy. Financing for the project is backed by one of Clean Energy’s RNG production joint ventures and developed by Dynamic Renewables. RNG is a transportation fuel made from organic waste and significantly reduces greenhouse gas emissions.
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Clean Energy Fuels Corp. (CLNE) will release its Q4 2023 financial results on February 27, 2024, followed by an investor conference call hosted by President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland. Investors can participate in the live call or access a telephone replay. A simultaneous webcast will be available on the company's website.
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Clean Energy Fuels Corp. (CLNE) Completes RNG Production Facility at Drumgoon Dairy in South Dakota, Expected to Supply 1.66 Million Gallons of Negative Carbon-Intensity RNG Annually
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Clean Energy Fuels Corp. (CLNE) secured a six-year $300 million senior secured term loan with Stonepeak, with an additional $100 million delayed draw term loan commitment. The financing will fund new RNG production facilities and the expansion of the company’s fueling infrastructure targeting the heavy-duty truck market. The company is currently developing a portfolio of RNG production facilities at dairies across the country and expanding its RNG fueling infrastructure, which currently includes over 600 stations across North America.
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Clean Energy Fuels Corp. (CLNE) opens a new renewable natural gas (RNG) station in Baltimore, strategically located near the Pulaski Industrial Area, providing heavy-duty truck fleets access to low carbon, sustainable fuel. The station is part of the growing national fueling network for the heavy-duty market. Clean Energy currently has a network of 590 fueling stations around North America and is steadily expanding that number with stations purposely built and strategically located for heavy-duty truck fleets.
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Clean Energy Fuels Corp. (NASDAQ: CLNE) announced Q3 2023 financial results, reporting $95.6M in revenue, a net loss of $(25.8)M, and adjusted EBITDA of $14.2M, with a focus on renewable natural gas and future growth. The company also updated its 2023 outlook, expecting a GAAP net loss of $(98)M to $(103)M and adjusted EBITDA of $42M to $47M.
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Clean Energy Fuels Corp. and TotalEnergies SE announced that renewable natural gas (RNG) from Del Rio Dairy in Texas has begun flowing to the transportation market. The RNG is generating renewable identification numbers (RINs) credits under the EPA's Renewable Fuel Standard and credits through Oregon's low carbon fuel standard program. The RNG has an average carbon-intensity rating of -331, making it a clean fuel option. Del Rio Dairy is the first low carbon-intensity RNG project completed by Clean Energy and TotalEnergies.
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Clean Energy to supply ultra-low carbon Renewable Natural Gas for new truck equipped with Cummins X15N engine
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FAQ

What is the current stock price of Clean Energy Fuels (CLNE)?

The current stock price of Clean Energy Fuels (CLNE) is $1.54 as of April 1, 2025.

What is the market cap of Clean Energy Fuels (CLNE)?

The market cap of Clean Energy Fuels (CLNE) is approximately 344.4M.

What does Clean Energy Fuels Corp do?

Clean Energy Fuels Corp provides compressed natural gas (CNG), liquefied natural gas (LNG), and renewable natural gas (RNG) for the transportation sector, helping reduce emissions across industries like trucking and public transit.

What is renewable natural gas (RNG)?

RNG is a sustainable fuel derived from organic waste, offering a lower carbon intensity compared to traditional natural gas and aligning with global decarbonization goals.

Who are Clean Energy's main customers?

Clean Energy serves industries such as heavy-duty trucking, public transit, airport shuttles, waste management, and government fleets.

How does Clean Energy generate revenue?

The company generates revenue by supplying natural gas fuels, building and operating fueling stations, manufacturing equipment, and developing RNG production facilities.

What are the advantages of using natural gas fuels in transportation?

Natural gas fuels, including CNG and RNG, reduce emissions of greenhouse gases, nitrogen oxides, and particulate matter compared to diesel, offering a cleaner alternative for transportation.

What sets Clean Energy apart from its competitors?

Clean Energy's focus on renewable natural gas (RNG) and its extensive fueling infrastructure position it as a leader in sustainable transportation solutions, particularly for heavy-duty applications.

What challenges does Clean Energy face in its market?

The company faces challenges such as fluctuating natural gas prices, regulatory changes, and competition from alternative fuel technologies like electric vehicles and hydrogen fuel cells.

How does Clean Energy contribute to sustainability?

Clean Energy reduces transportation emissions by providing low-carbon fuels like RNG, which captures methane from organic waste, creating a circular and sustainable energy solution.
Clean Energy Fuels Corp

Nasdaq:CLNE

CLNE Rankings

CLNE Stock Data

344.35M
173.79M
21.11%
52.39%
4.64%
Oil & Gas Refining & Marketing
Gas & Other Services Combined
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United States
NEWPORT BEACH