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CLNEClean Energy Fuels Corp.

UtilitiesOil & Gas Refining & Marketing

The Read

Clean Energy Fuels’ stock fell about 11–13% after earnings beats on revenue and RNG station expansion were overshadowed by persistent net losses, cautious 2026 outlooks, and ongoing cash burn concerns.
Oct 15, 2026 — Potential Capital Raising / Financing Strategy Update
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The schedule

  • Thu15Oct

    With cash falling steeply from $157.7M to $57.6M in Q1 2026 and ongoing negative FCF, CLNE may be forced to announce a dilutive capital raise or debt offering.

  • Tue27Oct

    Q3 2026 earnings will serve as a critical check on CLNE's 12% YoY revenue growth trajectory and updated full-year CapEx obligations.

  • Sun14Feb

    CLNE reports full-year 2026 results and provides initial 2027 guidance, setting the tone for their RNG expansion strategy in a potentially tighter regulatory environment.

  • Thu6May

    The first quarter of 2027 will test CLNE's ability to maintain top-line momentum against continued structural unprofitability.

Past

  • Thu7May

    Actual outcome: Bear · $2.06 at outcome

    Clean Energy Fuels reported Q1 2026 revenue of $117.6 million and 67.4 million RNG gallons sold, slightly beating EPS estimates with a $0.01 per share loss. However, the company still posted a net loss of $12.4 million. Despite top-line growth and the recent expansion of its RNG station network, the continued bottom-line losses failed to convince investors that margins are stabilizing, driving the stock down nearly 11% toward the bear floor.

  • Thu7May

    Actual outcome: Bear · $2.05 at outcome

    Clean Energy Fuels reported Q1 2026 revenue of $117.6 million, beating estimates, alongside an in-line EPS loss. However, the company posted a net loss of $12.4 million for the quarter. Despite the top-line growth and the announcement of six new RNG stations, the market focused on the continued lack of profitability and ongoing cash burn, driving an 11.3% decline in the stock.

    Q2 2026 earnings will test whether Clean Energy Fuels can convert mid-teens revenue growth into improving RNG margins and narrower losses. A clean print with better station utilization and stable OpEx could support a move toward $2.16, while another quarter of negative EPS, cash burn, and cautious guidance could send shares back toward $2.16.

  • Tue24Feb

    Actual outcome: Bear · $2.22 at outcome

    Clean Energy reported a break-even Q4 that beat analyst estimates of a $0.03 loss, but the stock fell 12.6% as the market focused on a conservative 2026 outlook. The price remains near the bear floor as persistent skepticism regarding long-term profitability and the cautious forward guidance outweighed