Clean Energy Fuels (CLNE) Lost Over 18% This Week. Here is Why

Core Insights - Clean Energy Fuels Corp. (NASDAQ:CLNE) experienced a significant share price decline of 18.69% from November 3 to November 10, 2025, making it one of the worst-performing energy stocks during that week [1][2]. Financial Performance - Despite reporting better-than-expected third-quarter results on November 4, 2025, with earnings and revenue surpassing forecasts, the company faced a widening net loss of $23.8 million compared to $18.2 million in the same quarter last year [3]. - The adjusted EBITDA for Clean Energy Fuels was $17.3 million, reflecting a nearly 19% year-over-year decrease, primarily due to the absence of alternative fuel tax credits in 2025 [3]. - The company sold 61.3 million gallons of renewable natural gas (RNG) in Q3 2025, marking a 3% increase from the previous year [3]. Market Position - Clean Energy Fuels is recognized as a pioneer in renewable natural gas as a vehicle fuel in the U.S. and remains the largest provider of RNG for the transportation sector in North America [2].