Clean Energy Fuels Corp Stock Price, News & Analysis

Clean Energy Fuels (Nasdaq: CLNE) has scheduled its first quarter 2025 financial results announcement for May 8, 2025 after market close. The company will host an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time), led by President and CEO Andrew J. Littlefair and CFO Robert M. Vreeland.

U.S. investors can participate by dialing 1.800.579.2543, while international callers can use 1.785.424.1789 (Conference ID: CLEAN). A replay will be available for one month through June 8, 2025, accessible via phone and webcast on the company's Investor Relations website.

Clean Energy Fuels Corp. (CLNE) has announced the resumption of its Share Repurchase Program, with approximately $26.5 million remaining capacity from the original $50 million program initiated in March 2020. The company, holding over $200 million in cash as of December 31, 2024, aims to opportunistically repurchase shares while maintaining funding for growth initiatives.

CEO Andrew J. Littlefair highlighted the company's strong Q4 and full-year 2024 performance, expressing optimism for 2025. A key development is the delivery of trucks equipped with Cummins' new X15N natural gas engine for the heavy-duty market. The company views its stock as undervalued despite market uncertainties around environmental commodity prices and policy.

Repurchases may be executed through various methods including open market purchases and privately negotiated transactions, subject to market conditions and securities laws. JP Morgan Securities will manage open market repurchases under the program, which has no expiration date but can be suspended at any time.

Clean Energy Fuels Corp. (NASDAQ: CLNE) reported Q4 2024 financial results with revenue of $109.3 million, up from $106.9 million in Q4 2023. The company recorded a net loss of $(30.2) million, or $(0.13) per share, compared to $(18.7) million in Q4 2023.

Key highlights include:

• RNG gallons sold increased 8.8% to 62.0 million in Q4 2024
• Adjusted EBITDA rose to $23.6 million from $21.2 million in Q4 2023
• Cash and investments totaled $217.5 million as of December 31, 2024

For 2025, Clean Energy projects a GAAP net loss of $(160) million to $(155) million, including approximately $55 million in accelerated depreciation from potential LNG station asset abandonment. Adjusted EBITDA is expected between $50-55 million, excluding the expired AFTC that contributed $24 million in 2024 revenue.

Clean Energy Fuels Corp. (CLNE) has scheduled its fourth quarter 2024 financial results release for February 24, 2025, after market close. The company will host an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) on the same day.

CEO Andrew J. Littlefair and CFO Robert M. Vreeland will lead the call. U.S. investors can participate by dialing 1.800.225.9448, while international callers can use 1.203.518.9708 (Conference ID: CLEAN). A replay will be available until March 24, 2025, accessible via 1.844.512.2921 (U.S.) or 1.412.317.6671 (international) with Pin Number 11158183. A live webcast will be available on the company's Investor Relations website, with a 30-day replay option.

Clean Energy (NASDAQ: CLNE) has won a contract to design and build a new hydrogen fueling station for Riverside Transit Agency (RTA) in California. The project includes hydrogen supply and maintenance services for the private access station in Riverside. RTA plans to start with five fuel cell buses and expand to over 100 hydrogen-powered buses in the next decade.

The initiative supports RTA's transition to a zero-emission fleet, particularly suitable for their long passenger routes. RTA recently received a $5.1 million grant from the U.S. Department of Transportation for purchasing five hydrogen fuel cell electric buses, marking the beginning of their fleet transition planned for 2026. This is Clean Energy's second hydrogen station project, following the successful completion of Foothill Transit Agency's station in Pomona, CA, in June 2023.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has announced multiple new renewable natural gas (RNG) deals across various sectors. Key agreements include:

- DHL: 100,000 gallons annually for 3 years in CA, TX, and AZ
- Food Express: New RNG station build and 3 million gallons over 10 years
- LA Metro: Extension for 14 million gallons across 5 stations
- NICE Transit: 16.5 million gallons over 5 years for 278 buses
- Multiple other contracts with logistics companies, waste management firms, and transit agencies

The company reports strong RNG sales growth across heavy-duty truck, transit, and refuse markets, demonstrating increasing adoption of RNG as a clean fuel alternative.

Clean Energy Fuels Corp. (Nasdaq: CLNE) has opened an expanded renewable natural gas (RNG) fueling station in Carson, California. The station, owned by Los Angeles County Sanitation Districts and operated by Clean Energy, will serve public vehicles, transit buses, waste haulers, and trucks. The facility dispenses RNG produced from wastewater and organic waste at the Districts' A.K. Warren Water Resource Facility, supplemented by Clean Energy's RNG supply. The station is projected to sell the equivalent of one million gallons of gasoline annually. The project, partially funded by a CalRecycle grant, is part of the Districts' Food Waste Recycling Program.

Clean Energy Fuels Corp. (NASDAQ: CLNE) reported Q3 2024 financial results with revenue of $104.9 million, up from $95.6 million in Q3 2023. The company sold 59.6 million RNG gallons, a 5.1% increase year-over-year. Net loss narrowed to $(18.2) million or $(0.08) per share, compared to $(25.8) million or $(0.12) per share in Q3 2023. Adjusted EBITDA improved to $21.3 million from $14.2 million last year.

Key operational highlights include breaking ground on a new RNG facility at South Fork Dairy, launching a demo program with JB Hunt for Cummins X15N trucks, and expanding their fueling station network in Western Canada with Tourmaline.

Tourmaline Oil Corp. and Clean Energy Fuels Corp. have opened two new compressed natural gas (CNG) fueling stations in Alberta, advancing Western Canada's first commercial-grade public CNG fueling network. The new stations in Calgary and Grande Prairie, along with the Edmonton station opened in April 2023, establish a important transportation corridor for trucking companies converting their fleets from diesel to CNG.

This initiative is part of a $70 million Joint Development Agreement announced in April 2023, with plans to build up to 20 CNG fueling stations across Western Canada in the next five years. The network could fuel up to 3,000 natural gas-powered trucks daily once complete. The adoption of CNG has accelerated over the last year, with nine market-leading companies already collectively displacing two million litres of diesel.

The introduction of Cummins' new X15N natural gas engine is expected to further boost CNG adoption in the heavy-duty truck market. Construction on the next CNG fueling station is set to begin in Kamloops, B.C., with Fort McMurray and Fort St. John to follow.