Clean Energy Fuels (CLNE) Share Price Plunges 21.58% on Widened Losses, Credit Volatility, Sector Risks

The share price fell to its lowest level since August 2025 today, with an intraday decline of 21.58%.

Clean Energy Fuels (CLNE) reported mixed financial results for Q3 2025, with a 1.2% year-over-year revenue increase to $106.1 million driven by expanded hydrogen and RNG operations. Despite this growth, the company posted a widened GAAP net loss of $23.8 million, pressured by one-time costs and volatile RIN/CFS credit pricing. Strategic investments in RNG production and hydrogen fueling contracts underscore its long-term growth strategy, though LCFS certification delays and sector-specific risks, including low freight rates and high interest rates, continue to weigh on profitability.

Analysts remain cautiously optimistic, with a “Buy” rating and a 27.7% upside implied by median price targets. Institutional support, including recent purchases by Deutsche Bank AG, contrasts with insider sales and macroeconomic uncertainties. CLNE’s ability to scale RNG production to 20 million gallons by 2027 and navigate credit market volatility will be critical for investor confidence, even as regulatory and economic headwinds persist in the heavy-duty trucking sector.