Recent Insider Transactions Derivative • May 19
Co-Founder & Director notifies of intention to sell stock Andrew Littlefair intends to sell 165k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of May. If the sale is conducted around the recent share price of US$2.05, it would amount to US$338k. Since September 2025, Andrew's direct individual holding has increased from 1.12m shares to 1.20m. Company insiders have collectively sold US$839k more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 17
Consensus revenue estimates increase by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$409.8m to US$456.2m. EPS estimate unchanged from -US$0.21 at last update. Oil and Gas industry in the US expected to see average net income growth of 49% next year. Consensus price target down from US$4.75 to US$3.84. Share price fell 8.1% to US$2.03 over the past week. Major Estimate Revision • May 14
Consensus estimates of losses per share improve by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from US$409.8m to US$437.1m. EPS estimate increased from -US$0.32 per share to -US$0.233 per share. Oil and Gas industry in the US expected to see average net income growth of 50% next year. Consensus price target down from US$4.75 to US$3.84. Share price fell 8.5% to US$2.05 over the past week. Price Target Changed • May 11
Price target decreased by 18% to US$3.88 Down from US$4.71, the current price target is an average from 6 analysts. New target price is 75% above last closing price of US$2.21. Stock is up 15% over the past year. The company is forecast to post a net loss per share of US$0.32 next year compared to a net loss per share of US$1.01 last year. Reported Earnings • May 11
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: US$0.057 loss per share (improved from US$0.60 loss in 1Q 2025). Revenue: US$117.6m (up 13% from 1Q 2025). Net loss: US$12.4m (loss narrowed 91% from 1Q 2025). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Duyuru • May 04
Clean Energy Fuels Corp., Annual General Meeting, Jun 10, 2026 Clean Energy Fuels Corp., Annual General Meeting, Jun 10, 2026. Duyuru • Apr 24
Clean Energy Fuels Corp. Announces Management Changes Clean Energy Fuels Corp. announced that its Board of Directors has appointed Clay Corbus as President, effective April 23, 2026. Corbus also joins Clean Energy’s board as he succeeds Andrew Littlefair, Clean Energy’s co-founder and CEO who has been at the helm of the company for 30 years. Littlefair will transition from his executive role to serve the company as a non-employee government relations consultant. He will continue to serve on Clean Energy’s Board of Directors. Corbus brings 19 years of experience at Clean Energy to the new role, having held several senior executive positions including leading the development of the company’s corporate strategy, overseeing all M&A activities and capital-raising initiatives, and most recently managed Clean Energy’s growing RNG production and distribution businesses. Previously, Corbus was Co-CEO of the investment bank WR Hambrecht + Co. Previously, he served as Co-CEO of WR Hambrecht + Co, the firm that managed Clean Energy’s 2007 IPO. Earlier in his career, he worked at Donaldson, Lufkin & Jenrette, beginning in 1989. He graduated from Dartmouth College with an AB in Government and holds an MBA in Finance from Columbia University. Mr. Corbus currently serves as a director of Bed, Bath and Beyond and is a trustee of the College of the Atlantic. He has previously served on the boards of Alaska Energy and Resources Co., Niman Ranch, WR Hambrecht + Co, and Goodwill of San Francisco. Duyuru • Apr 14
Clean Energy Fuels Corp. to Report Q1, 2026 Results on May 07, 2026 Clean Energy Fuels Corp. announced that they will report Q1, 2026 results After-Market on May 07, 2026 New Risk • Mar 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$222m Forecast net loss in 3 years: US$2.4m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$1.01 loss per share (further deteriorated from US$0.37 loss in FY 2024). Revenue: US$424.8m (up 2.2% from FY 2024). Net loss: US$222.0m (loss widened 167% from FY 2024). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Feb 25
Forecast to breakeven in 2028 The 5 analysts covering Clean Energy Fuels expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 45% per year to 2027. The company is expected to make a profit of US$36.7m in 2028. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Duyuru • Feb 25
Clean Energy Fuels Corp. Provides Earnings Guidance for the Year 2026 Clean Energy Fuels Corp. provided earnings guidance for the year 2026. For the year, the company expects net loss attributable to the company of $71,000,000 to $66,000,000, assuming no unrealized gains or losses on customer contracts relating to the Company’s truck financing program and Amazon warrant charges estimated to be approximately $47 million. Changes in diesel and natural gas market conditions resulting in unrealized gains or losses on the Company’s customer fueling contracts relating to the Company’s truck financing program, and significant variations in the vesting of the Amazon warrant could significantly affect the Company’s estimated GAAP net loss for 2026. Duyuru • Jan 27
Clean Energy Fuels Corp. to Report Q4, 2025 Results on Feb 24, 2026 Clean Energy Fuels Corp. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Breakeven Date Change • Jan 16
Forecast to breakeven in 2028 The 5 analysts covering Clean Energy Fuels expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$36.7m in 2028. Average annual earnings growth of 62% is required to achieve expected profit on schedule. Duyuru • Nov 22
Clean Energy Fuels Corp. Announces Board Resignations, Effective November 18, 2025 On November 17, 2025, Messrs. Aimeric Ramadier and Marc de Guilhem de Lataillade notified Clean Energy Fuels Corp. (Company) of their resignation from the board of directors of the Company, effective as of November 18, 2025. The resignations of Messrs. Ramadier and de Guilhem de Lataillade were not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Price Target Changed • Nov 19
Price target increased by 12% to US$4.71 Up from US$4.21, the current price target is an average from 7 analysts. New target price is 114% above last closing price of US$2.20. Stock is down 17% over the past year. The company is forecast to post a net loss per share of US$0.96 next year compared to a net loss per share of US$0.37 last year. Reported Earnings • Nov 06
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: US$0.11 loss per share (further deteriorated from US$0.081 loss in 3Q 2024). Revenue: US$106.1m (up 1.2% from 3Q 2024). Net loss: US$23.8m (loss widened 31% from 3Q 2024). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 8.4%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Duyuru • Oct 22
Clean Energy Fuels Corp. to Launch New Freightliner X15N Demo Truck Program at ATA's MCE in San Diego Clean Energy Fuels Corp. has announced the launch of its second heavy-duty truck demo program, featuring the 2026 Freightliner Cascadia Gen 5 day cab equipped with the Cummins X15N natural gas engine. The new truck will be showcased at the American Trucking Associations' Management Conference & Exhibition (ATA MCE) in San Diego from October 25-28, offering attendees an exclusive preview before the program launches with its debut fleet partner, Airgas. This new program builds on the success of Clean Energy's first Peterbilt X15N demo truck program which was launched last year. The first demo truck has been praised by fleets who have operated it for the engine's smooth handling through different terrains, impressive torque, per gallon savings running on RNG, and fuel efficiency, reinforcing the X15N's potential to reshape the future of low-carbon heavy-duty trucking. Clean Energy's demo truck program will give fleets across the country the opportunity to experience first-hand the capabilities of the Freightliner Cascia Gen 5 equipped with the X15N. Participating carriers will be able to fuel at Clean Energy's network of RNG stations nationwide, showcasing the ease of integrating low-carbon fueling into their own fleet operations. The Cummins X15N engine is designed to run on RNG - a biogenic fuel derived from organic waste such as dairy manage. It offers a powerful, reliable, cleaner alternative to diesel, and fleets fueling with RNG can reduce emissions by more than 300%, achieving negative carbon-intensity results, while spending less per gallon of fuel. The X15N is quickly earning a reputation for performance and sustainability with major carriers including Walmart, Amazon, UPS, FedEx, Werner, Knight Swift, Food Express, Cemex and Mullen Group having placed orders for the new engine. The demo truck will travel through key freight corridors in California, Texas, Arizona, Illinois, Ohio, Michigan, Pennsylvania, Florida, and other states, allowing large and mid-sized fleets to try and test the engine's capabilities in real-world conditions. The program is expected to run through 2028 or longer, as demand and interest continue to grow. Duyuru • Oct 10
Clean Energy Fuels Corp. to Report Q3, 2025 Results on Nov 04, 2025 Clean Energy Fuels Corp. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Recent Insider Transactions • Sep 21
Insider recently sold US$277k worth of stock On the 18th of September, Barclay Corbus sold around 105k shares on-market at roughly US$2.63 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$563k. Insiders have been net sellers, collectively disposing of US$775k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Sep 19
Insider notifies of intention to sell stock Barclay Corbus intends to sell 105k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of September. If the sale is conducted around the recent share price of US$2.63, it would amount to US$277k. Since March 2025, Barclay has owned 1.17m shares directly. Company insiders have collectively sold US$498k more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Sep 11
Clean Energy Fuels Corp. Appoints Board Changes, Effective September 10, 2025 Clean Energy Fuels Corp. announced the appointment of Marc de Guilhem de Lataillade and Aimeric Ramadier to its Board of Directors effective immediately. Both executives represent TotalEnergies and will replace outgoing directors, Karine Boissy-Rousseau and Mathieu Soulas, who have served on Clean Energy’s board since 2021 and 2023 respectively. Marc de Guilhem de Lataillade currently serves as Vice President of Biogas within TotalEnergies’ Gas, Renewables & Power segment. Aimeric Ramadier previously oversaw strategy and supply for the Marketing & Services division and was recently appointed as senior representative USA for TotalEnergies. Aimeric Ramadier was appointed as senior representative USA for TotalEnergies in September 2025. Prior to that, he was head of Strategy and Supply for the Marketing & Services division, overseeing strategy, M&A, products supply policy, innovation, public affairs and advocacy from 2023 to 2025. Before that he was in the Marketing & Services division starting in 2018, where he managed Talent Development (mobility and high-potential programs) before leading operations in Oceania and South-East Asia, managing 12 country affiliates across retail, lubricants, specialties and logistics. Previously, starting in 2016, he joined the exploration & production division as Country Delegate for Australia, Malaysia, and Brunei. Earlier, after he first joined TotalEnergies in 2012, he worked in the Refining & Chemicals division, leading reorganization projects before becoming General Secretary of the La Mède refinery as it was converted into a bio-refinery. Mr. Ramadier began his career in the French civil service, serving in the Ministry for Public Administration and State Reform, before becoming Advisor to the French Presidency in 2007. Mr. Ramadier is a graduate of France’s École Nationale d’Administration (“ENA”), Sciences Po Paris, and holds a law degree. Marc de Guilhem de Lataillade has served as Vice President Biogas in the Gas, Renewables and Power business segment of TotalEnergies since September 2024. Prior to that, he was General Manager of TotalEnergies LNG Services France since September 2022. Before that he was Vice President Gas Renewables and Power in China, where he led the development of renewables and LNG activities in China from 2018 to 2022. Prior to that, he was Vice President of solar Utility Power Plants at TotalEnergies Renewables from 2015 to 2018 and General Manager of TotalEnergies Marketing and Services Ethiopia from 2012 to 2015. Mr. de Guilhem de Lataillade is a graduate of the Political Sciences Institute (“IEP”) of Paris. Recent Insider Transactions • Aug 18
Co-Founder recently sold US$563k worth of stock On the 14th of August, Andrew Littlefair sold around 250k shares on-market at roughly US$2.25 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Aug 15
Co-Founder notifies of intention to sell stock Andrew Littlefair intends to sell 250k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of August. If the sale is conducted around the recent share price of US$2.25, it would amount to US$563k. For the year to December 2018, Andrew's total compensation was 29% salary and 71% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Andrew has owned 1.74m shares directly. Company insiders have collectively bought US$64k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.092 loss per share (further deteriorated from US$0.073 loss in 2Q 2024). Revenue: US$102.6m (up 4.8% from 2Q 2024). Net loss: US$20.2m (loss widened 24% from 2Q 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings. Duyuru • Aug 08
Clean Energy Fuels Corp. Provides Earnings Guidance for 2025 Clean Energy Fuels Corp. provided earnings guidance for 2025. For the period the company expects Net loss attributable to Clean Energy Fuels Corp. of $217,200,000 - $212,200,000 million. Duyuru • Jul 16
Clean Energy Fuels Corp. to Report Q2, 2025 Results on Aug 07, 2025 Clean Energy Fuels Corp. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Price Target Changed • May 12
Price target decreased by 32% to US$4.19 Down from US$6.14, the current price target is an average from 9 analysts. New target price is 118% above last closing price of US$1.92. Stock is down 23% over the past year. The company is forecast to post a net loss per share of US$0.72 next year compared to a net loss per share of US$0.37 last year. Reported Earnings • May 10
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: US$0.60 loss per share (further deteriorated from US$0.083 loss in 1Q 2024). Revenue: US$103.8m (flat on 1Q 2024). Net loss: US$135.0m (loss widened US$116.5m from 1Q 2024). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 159%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 15
Price target decreased by 8.7% to US$6.14 Down from US$6.73, the current price target is an average from 9 analysts. New target price is 365% above last closing price of US$1.32. Stock is down 44% over the past year. The company is forecast to post a net loss per share of US$0.68 next year compared to a net loss per share of US$0.37 last year. Duyuru • Apr 14
Clean Energy Fuels Corp. to Report Q1, 2025 Results on May 08, 2025 Clean Energy Fuels Corp. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Major Estimate Revision • Apr 13
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$422.7m to US$400.9m. Losses expected to increase from US$0.57 per share to US$0.68. Oil and Gas industry in the US expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at US$6.66. Share price rose 2.1% to US$1.49 over the past week. Duyuru • Apr 10
Clean Energy Fuels Corp., Annual General Meeting, May 22, 2025 Clean Energy Fuels Corp., Annual General Meeting, May 22, 2025. Price Target Changed • Feb 27
Price target decreased by 7.2% to US$6.73 Down from US$7.25, the current price target is an average from 9 analysts. New target price is 248% above last closing price of US$1.94. Stock is down 34% over the past year. The company is forecast to post a net loss per share of US$0.62 next year compared to a net loss per share of US$0.37 last year. Reported Earnings • Feb 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$0.37 loss per share (improved from US$0.45 loss in FY 2023). Revenue: US$415.9m (down 2.2% from FY 2023). Net loss: US$83.1m (loss narrowed 17% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 25
Clean Energy Fuels Corp. Provides Earnings Guidance for the Year 2025 Clean Energy Fuels Corp. provided earnings guidance for the year 2025. For the year, GAAP net loss is expected to range from approximately $160 million to $155 million. Breakeven Date Change • Feb 25
No longer forecast to breakeven The 5 analysts covering Clean Energy Fuels no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$25.2m in 2027. New consensus forecast suggests the company will make a loss of US$22.3m in 2027. Duyuru • Feb 03
Clean Energy Fuels Corp. to Report Q4, 2024 Results on Feb 24, 2025 Clean Energy Fuels Corp. announced that they will report Q4, 2024 results After-Market on Feb 24, 2025 New Risk • Jan 21
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$72m Forecast net loss in 3 years: US$27m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • Dec 31
Forecast to breakeven in 2027 The 5 analysts covering Clean Energy Fuels expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$28.7m in 2027. Average annual earnings growth of 45% is required to achieve expected profit on schedule. Reported Earnings • Nov 07
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: US$0.081 loss per share (improved from US$0.12 loss in 3Q 2023). Revenue: US$104.9m (up 9.7% from 3Q 2023). Net loss: US$18.2m (loss narrowed 30% from 3Q 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Duyuru • Oct 09
Clean Energy Fuels Corp. to Report Q3, 2024 Results on Nov 06, 2024 Clean Energy Fuels Corp. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$42m net loss in 2 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: US$0.073 loss per share (in line with 2Q 2023). Revenue: US$98.0m (up 8.2% from 2Q 2023). Net loss: US$16.3m (flat on 2Q 2023). Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Duyuru • Aug 08
Clean Energy Fuels Corp. Provides Earnings Guidance for the Year 2024 Clean Energy Fuels Corp. provided earnings guidance for the year 2024. For the year, the company expects GAAP net loss of approximately $91 million to $81 million. Duyuru • Jul 16
Clean Energy Fuels Corp. to Report Q2, 2024 Results on Aug 07, 2024 Clean Energy Fuels Corp. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Duyuru • May 11
Clean Energy Fuels Corp. Reaffirms Earnings Guidance for the Year 2024 Clean Energy Fuels Corp. reaffirmed earnings guidance for the year 2024. For the year, the company expects GAAP net loss of approximately $111 million to $101 million. Price Target Changed • May 10
Price target decreased by 29% to US$5.31 Down from US$7.43, the current price target is an average from 9 analysts. New target price is 113% above last closing price of US$2.49. Stock is down 43% over the past year. The company is forecast to post a net loss per share of US$0.37 next year compared to a net loss per share of US$0.45 last year. New Risk • Apr 24
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$99m Forecast net loss in 3 years: US$22m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • Apr 24
No longer forecast to breakeven The 8 analysts covering Clean Energy Fuels no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$20.0m in 2026. New consensus forecast suggests the company will make a loss of US$22.2m in 2026. Duyuru • Apr 13
Clean Energy Fuels Corp. to Report Q1, 2024 Results on May 09, 2024 Clean Energy Fuels Corp. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Duyuru • Apr 05
Clean Energy Fuels Corp., Annual General Meeting, May 16, 2024 Clean Energy Fuels Corp., Annual General Meeting, May 16, 2024, at 08:00 Pacific Standard Time. Agenda: To elect nine directors to the Board of Directors; to ratify the appointment of KPMG LLP as independent registered public accounting firm for fiscal year ending December 31, 2024; to approve, on an advisory, non-binding basis, the compensation of named executive officers; to approve 2024 Performance Incentive Plan; and to consider other business issues. Duyuru • Mar 28
Clean Energy Fuels Corp. Announces the Appointment of Patrick J. Ford to Board of Directors and Member of Audit Committee Clean Energy Fuels Corp. announced the appointment of Patrick J. Ford to the company’s Board of Directors, effective March 27, 2024. In addition to serving on the Board of Directors, he will also be a member of Clean Energy’s audit committee. Patrick Ford, 62, served as an Audit Partner at KPMG LLP from 1994 until his retirement in 2022. During his tenure at KPMG, he served numerous SEC registrants as the Lead Audit Engagement Partner in the energy, automotive and technology sectors. During his years as an audit executive, Ford served as a member of the Board of Directors of KPMG LLP and has experience as a member on several other high-profile private and not-for-profit boards. He is a certified public accountant (retired) in California, Arizona and Hawaii, and holds a bachelor’s degree in Business Administration from the University of Southern California. New Risk • Mar 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: US$99m Forecast net loss in 3 years: US$3.8m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Breakeven Date Change • Mar 06
No longer forecast to breakeven The 6 analysts covering Clean Energy Fuels no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$22.4m in 2026. New consensus forecast suggests the company will make a loss of US$3.80m in 2026. Duyuru • Feb 29
Clean Energy Fuels Corp. Announces Resignation of Parker Weil to its Board of Directors On February 22, 2024, Parker Weil notified the Board of Directors of the Clean Energy Fuels Corp. of his resignation from the Board, effective on the same day. Mr. Weil’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Feb 28
Full year 2023 earnings released: US$0.45 loss per share (vs US$0.26 loss in FY 2022) Full year 2023 results: US$0.45 loss per share (further deteriorated from US$0.26 loss in FY 2022). Revenue: US$425.2m (up 1.2% from FY 2022). Net loss: US$99.5m (loss widened 69% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Duyuru • Feb 14
Clean Energy's Renewable Natural Gas Facility At Marshall Ridge Dairy in Iowa Begins Production Clean Energy Fuels Corp. announced the completion of its latest renewable natural gas (RNG) facility in Marshall County, Iowa. The Marshall Ridge Dairy project is expected to produce 1.7 million gallons of low carbon-intensity RNG annually. The three-digester facility located in State Center, Iowa, is now producing pipeline quality RNG and injecting it into the national grid. RNG is a sustainable fuel derived from organic waste that provides an immediate and significant carbon reduction in transportation. Financed through one of Clean Energy's production joint ventures and developed by Dynamic Renewables, the project totaled $42 million. Methane from the approximately 240,000 gallons of manure produced by the 8,000-cow dairy each day will be converted into biogas and ready-to-use clean fuel for heavy-duty fleets across the country. Clean Energy is in process of filing the necessary applications to generate federal and state environmental credits. Duyuru • Jan 30
Clean Energy Fuels Corp. to Report Q4, 2023 Results on Feb 27, 2024 Clean Energy Fuels Corp. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024 Duyuru • Jan 12
Clean Energy Begins Producing Renewable Natural Gas At Latest Project Clean Energy Fuels Corp. announced that it has completed a new renewable natural gas (RNG) production facility at Drumgoon Dairy in Lake Norden, S.D. The 6,500-cow dairy farm is expected to supply 1.66 million gallons of negative carbon-intensity RNG annually to the transportation market when at full capacity. Construction of the $38 million RNG digester project was completed in early-December 2023 and injection into the interstate natural gas pipeline system of the RNG began within weeks. The RNG produced at Drumgoon will be virtually stored until all pathways for federal and state environmental credits are approved, and a carbon-intensity score is assigned to the RNG, expected in the first half of 2024. The Drumgoon Dairy RNG project was financed through Clean Energy’s joint venture with bp, developed with Dynamic Renewables, and is one of several RNG projects the three companies have partnered to build at dairies in the Midwest. All the RNG produced at Drumgoon will be available at Clean Energy’s fueling infrastructure. Clean Energy sales of RNG into the transportation market for the first nine months of 2023 grew 17% over the same period of 2022, and with customers such as UPS, Republic Services, LA Metro, Knight Swift, Amazon and others, the demand of the ultra-clean fuel is expected to continue to expand. Agriculture accounts for nearly 10 percent of U.S. greenhouse gas (GHG) emissions and the transportation sector accounts for another 28%, according to the U.S. Environmental Protection Agency. Capturing methane from farm waste lowers these emissions. RNG, produced by that captured methane and used as a transportation fuel, significantly lowers GHG emissions on a lifecycle basis when compared to diesel. This allows RNG to be one of the only fuels to receive a negative carbon-intensity score based on the reduction of emissions at the source and at the vehicle. Breakeven Date Change • Dec 31
Forecast to breakeven in 2026 The 9 analysts covering Clean Energy Fuels expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$22.4m in 2026. Average annual earnings growth of 51% is required to achieve expected profit on schedule. Duyuru • Dec 14
Clean Energy Fuels Corp. announced that it expects to receive $300 million in funding Clean Energy Fuels Corp. announced that it has entered into a credit agreement for senior secured term loan for an aggregate gross proceeds of $300 million on December 12, 2023. The credit agreement also provides for a two-year delayed draw term loan commitment of an additional $100 million. The loan facility will carry rate of interest of 9.5% per annum and matures on December 12, 2029. The loan facility is also subject to customary mandatory prepayments. In connection with the loan facility, the company issued warrants to Stonepeak CLNE-W Holdings LP to purchase 10,000,000 shares of common stock, $0.0001 par value per share of the company, with an exercise price equal to $5.50 and 10,000,000 shares of Common Stock with an exercise price equal to $6.50. The warrants expire on June 15, 2032 and are exercisable at any time after December 12, 2025. The transaction will include participation from new lenders Stonepeak CLNE-L Holdings LP, Stonepeak Infrastructure Credit Fund I LP, Stonepeak Hudson Waterfront Credit Fund, funds managed by Stonepeak Partners LP. Duyuru • Nov 11
Clean Energy Fuels Corp. Provides Earnings Guidance for the Year 2023 Clean Energy Fuels Corp. provided earnings guidance for the year 2023. For the year, the company expects GAAP net loss attributable to the company to be in the range of $98,000,000 to $103,000,000. Reported Earnings • Nov 10
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: US$0.12 loss per share (further deteriorated from US$0.04 loss in 3Q 2022). Revenue: US$95.6m (down 24% from 3Q 2022). Net loss: US$25.8m (loss widened 188% from 3Q 2022). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Oct 17
Clean Energy Fuels Corp. to Report Q3, 2023 Results on Nov 09, 2023 Clean Energy Fuels Corp. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Board Change • Sep 25
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Director Karine Boissy-Rousseau was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Sep 22
Clean Energy Fuels Corp. Appoints Mathieu Soulas to the Board of Directors Clean Energy Fuels Corp. announced that Mathieu Soulas, Senior Vice President New Mobilities & Marketing at TotalEnergies, has been appointed to the Board of Directors effective immediately to replace Laurent Wolffsheim, who had served on the Board since October 2021. Mr. Soulas has served in a variety of positions at TotalEnergies including Senior Vice President Strategy & Climate from August 2019 to September 2021 and as Vice President in charge of the Lubricants Business Unit worldwide. In his current position, he serves as Senior Vice President New Mobility and Marketing, which regroups various Business Units including Electric Vehicles, Hydrogen and Gas. Mr. Soulas holds a graduate degree from France’s Ecole Polytechnique and IFP-EN Engineering schools. 
