Clean Energy Fuels (NASDAQ:CLNE) Shares Cross Above 50-Day Moving Average – What’s Next?

Posted by Francis Steltz on Nov 8th, 2026

Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $1.56 and traded as high as $1.98. Clean Energy Fuels shares last traded at $1.91, with a volume of 7,298,265 shares traded.

Key Stories Impacting Clean Energy Fuels

Here are the key news stories impacting Clean Energy Fuels this week:

Positive Sentiment: CLNE reported $0.03 per share in adjusted earnings, ahead of estimates calling for a loss, and revenue of $112.2 million, above consensus of about $105.4 million. Revenue rose from $106.1 million a year earlier. Zacks earnings coverage
Positive Sentiment: The company sold 66.8 million gallons of renewable natural gas (RNG) in the quarter. Its GAAP net loss narrowed to $5.7 million, or $0.03 per share, from $23.8 million, or $0.11 per share, a year earlier—evidence of improved results, although not yet GAAP profitability. Company earnings release
Negative Sentiment: Despite the improvement, CLNE still posted a GAAP loss. The persistence of losses may temper investor enthusiasm if the company does not continue to improve profitability. Q3 results coverage

Analysts Set New Price Targets

Several brokerages recently issued reports on CLNE. Weiss Ratings upgraded shares of Clean Energy Fuels from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 28th. Jefferies Financial Group raised shares of Clean Energy Fuels to a “hold” rating in a research note on Tuesday, September 29th. Raymond James Financial reissued a “strong-buy” rating and set a $2.50 price objective on shares of Clean Energy Fuels in a research note on Tuesday, August 18th. Finally, UBS Group cut shares of Clean Energy Fuels from a “buy” rating to a “hold” rating and set a $2.75 price objective on the stock. in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.38.

Read Our Latest Report on CLNE

Clean Energy Fuels Trading Up 26.5%

The firm has a market cap of $420.64 million, a P/E ratio of -5.31 and a beta of 1.87. The stock has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $2.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.15 and a current ratio of 2.48.

Clean Energy Fuels (NASDAQ:CLNE – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.05. Clean Energy Fuels had a negative return on equity of 13.51% and a negative net margin of 16.95%. The firm had revenue of $112.18 million for the quarter, compared to the consensus estimate of $105.38 million. On average, research analysts expect that Clean Energy Fuels Corp. will post -0.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clean Energy Fuels

Hedge funds have recently bought and sold shares of the business. SIR Capital Management L.P. purchased a new stake in Clean Energy Fuels during the second quarter valued at approximately $4,311,000. Arrowstreet Capital Limited Partnership bought a new position in Clean Energy Fuels in the first quarter worth approximately $3,160,000. Empowered Funds LLC bought a new position in Clean Energy Fuels in the second quarter worth approximately $2,335,000. State Street Corp boosted its stake in shares of Clean Energy Fuels by 9.1% during the 2nd quarter. State Street Corp now owns 6,374,675 shares of the utilities provider’s stock worth $13,068,000 after acquiring an additional 533,331 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Clean Energy Fuels during the 2nd quarter worth $479,000. Hedge funds and other institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Company Profile

(Get Free Report)

Clean Energy Fuels Corp. (NASDAQ: CLNE) provides fueling solutions for medium- and heavy-duty vehicle fleets in North America. The company develops, owns and operates natural gas fueling stations and supplies transportation fuel to customers such as refuse and recycling companies, transit agencies, trucking operators, airports and other commercial fleets.

Its offerings include compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG). Clean Energy also provides station construction, operation and maintenance services, fleet fueling support, and related infrastructure solutions.