The share price of Clean Energy Fuels Corp. (NASDAQ:CLNE) fell by 18.69% between November 3 and November 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Clean Energy Fuels (CLNE) Lost Over 18% This Week. Here is Why Clean Energy Fuels Corp. (NASDAQ:CLNE) pioneered renewable natural gas as a vehicle fuel in the US and continues to be North America’s largest provider of RNG for the transportation industry. Clean Energy Fuels Corp. (NASDAQ:CLNE) fell despite posting better-than-e ...

Core Insights - Clean Energy Fuels Corp. has announced new agreements to expand the use of renewable natural gas (RNG) across various transportation markets in the US, highlighting the growing demand for clean fuel alternatives [1][2][3] RNG Agreements and Customer Base Expansion - The new agreements include RNG supply, operations, maintenance, and construction of fueling infrastructure, reflecting the momentum of RNG adoption as fleets seek cost-effective emission reduction solutions [2] - Clean Energy has signed a fueling agreement with United Dairymen of Arizona to supply 200,000 gallons of RNG to five fleets operating natural gas trucks, showcasing the deployment of new Cummins X15N engines [3] - Paper Transport has committed to approximately 250,000 gallons of RNG annually for a dozen new trucks, continuing its long-standing partnership with Clean Energy [4] - Giant Oil has signed an RNG supply agreement for approximately 180,000 gallons per year at its station in Pennsylvania, with Pitt-Ohio as a key customer [5] - Birkmire Trucking has entered an RNG supply deal for 100,000 gallons per year to fuel 15 vehicles, while Vestis will fuel 12 medium-duty trucks with RNG [6] - The Atlantic City Jitney Association has extended its partnership with Clean Energy, upgrading its natural gas station to support 125 new RNG shuttle buses with an estimated 300,000 gallons per year [7] - Republic Services is expanding its RNG fueling portfolio with new stations in Colorado and Nevada, including two new fueling stations in Fort Collins and Parker designed to support 135 RNG trucks [8] - USA Hauling & Recycling has renewed its RNG supply contract for 2.5 million gallons annually to fuel 150 refuse vehicles, alongside plans for a new fueling station in Connecticut [9] - Ecotech Waste Logistics has signed an agreement for approximately 300,000 gallons of RNG annually to fuel 30 vehicles [10] LNG Agreements in Space and Energy Sectors - Clean Energy has signed a bulk LNG fueling agreement with Astrobotic for 100,000 gallons to support lunar lander operations [11] - Stoke Space has entered an agreement for 120,000 gallons of high-purity LNG for rocket engine testing, while Apollo Energy Resources has signed for 480,000 gallons to support advanced energy solutions [12]

Core Insights - Clean Energy Fuels Corp. has announced new agreements to expand the use of renewable natural gas (RNG) across the United States [1] - The company has also increased its customer base for bulk liquefied natural gas (LNG), including partnerships with multiple space companies [1] Summary by Category Agreements and Partnerships - The new agreements focus on the utilization of ultraclean and affordable RNG, along with operations and maintenance services [1] - The expansion of RNG usage indicates a growing trend towards cleaner fuel options in the transportation market [1] Customer Base Expansion - Clean Energy Fuels Corp. has successfully grown its customer base for bulk LNG, highlighting its appeal to various sectors, including the space industry [1]

Core Viewpoint - Gevo, Inc. has undergone transformative changes following a significant acquisition earlier in the year, which has positively impacted its financial results and growth trajectory in the synthetic aviation fuel sector [2]. Company Overview - Gevo, Inc. trades on NASDAQ under the ticker symbol GEVO and has recently completed a virtual presentation to discuss its progress and future plans [1]. - The company has reported that the second quarter results were the first to fully reflect the impact of the acquisition, indicating a shift in its operational capabilities and market position [2]. Financial Performance - The second quarter of the year marked a pivotal moment for Gevo, showcasing the first complete three months of results post-acquisition, which the company anticipates will lead to significant growth [2]. - The company has made strides in profitability over the past year, particularly in the production of synthetic aviation fuel and its related ingredients [2].

Core Insights - Clean Energy Fuels (CLNE) experienced a significant stock price increase of nearly 13% following the release of its quarterly results, outperforming the S&P 500 index's 0.8% rise [1] Financial Performance - The company reported second-quarter revenue of $102.6 million, reflecting a year-over-year increase of nearly 5% [2] - Non-GAAP (adjusted) net income decreased to $337,000, equating to less than $0.01 per share [2] - Analysts had anticipated worse outcomes, projecting revenue slightly over $94 million and a net loss of $0.06 per share [4] Market Position and Demand - CEO Andrew Littlefair emphasized that renewable natural gas (RNG) is the most immediate and cost-effective clean transportation fuel, with strong demand evident in the second-quarter results [4] - The recent government legislation, including the extension of the clean fuel production tax credit, is expected to positively impact the RNG market [4] Strategic Developments - Clean Energy Fuels secured new supply agreements with several municipal transit fleets, including LA Metro, indicating a focus on long-term and reliable customers [5]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported revenue of $102 million, with adjusted EBITDA of $17.5 million, and a GAAP net loss of $20.2 million compared to a loss of $16.3 million in the previous year [5][16][17] - The company ended the quarter with $241 million in cash and investments, an increase from $217 million at the beginning of the year [5][16] - Adjusted EBITDA for Q2 2025 was lower than the previous year's $18.9 million, but the overall performance showed significant improvement compared to 2024 [17][19] Business Line Data and Key Metrics Changes - Renewable natural gas (RNG) volumes grew by 21% compared to Q2 2024, with over 61 million gallons sold [15] - The company has expanded its transit agreements, fueling over 9,000 transit buses daily across 115 locations [6][7] - The dairy RNG production business has six projects operating, with expectations for increased production by the end of the year [12][106] Market Data and Key Metrics Changes - The company noted a significant decline in new truck sales in California, down approximately 75%, due to regulatory changes and market conditions [49] - The trucking market has faced a tough year, with new equipment acquisitions down by about 50% [48] - Despite challenges, there is ongoing interest from trucking customers in sustainable equipment, indicating potential future demand [50] Company Strategy and Development Direction - The company is focused on expanding its RNG supply contracts and maintaining a steady flow of clean fuel, positioning itself as a leader in the alternative fuel space [8][14] - The company is optimistic about the heavy-duty truck market's adoption of RNG, despite current sales challenges [9][10] - The company is raising its guidance for 2025, reflecting positive trends in revenue and adjusted EBITDA, while remaining cautious about ongoing uncertainties [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's performance despite external distractions and regulatory uncertainties [5][6] - There is optimism regarding the impact of new legislation on carbon emissions and the potential for improved carbon intensity scores [25][26] - Management acknowledged the need for clarity in regulations and market conditions, particularly regarding the adoption of new technologies [50][51] Other Important Information - The company has monetized investment tax credits (ITC) from its projects, which will provide capital inflow for ongoing developments [81][85] - The company is experiencing a ramp-up phase in its dairy RNG projects, with expectations for improved production rates in the near future [41][102] Q&A Session Summary Question: What are the implications of the 45Z bill for the company? - Management expressed optimism about the bill's potential impact, highlighting its recognition of negative carbon emissions [25][26] Question: What is the timeline for treasury guidance on the 45Z? - Management indicated that the guidance is expected to be sorted out by October or November, as the bill takes effect in January [27][28] Question: What are the challenges with the X15N engine adoption? - Management noted that while sales are not as high as anticipated, there is increasing acceptance across the market, and efforts are being made to reduce incremental costs [33][34] Question: Can you provide an update on the ramp-up of dairy projects? - Management stated that the ramp-up is progressing normally, with expectations for improved production rates by the end of the year [41][46] Question: What is the outlook for LCFS prices? - Management is optimistic about LCFS prices firming up over time, with expectations for gradual improvement [78][79] Question: How is the company addressing the increased Amazon warrant charges? - Management confirmed that the increase reflects higher fueling demand from Amazon and other trucking customers [96][99]

Core Viewpoint - Hexagon Composites ASA has fully acquired the alternative fuels business of Sustainable Energy Solutions (SES), enhancing its European presence and operational synergies [2][5]. Company Overview - SES is a prominent European supplier of high-pressure cylinders and systems for compressed gases, with its alternative fuels division, SES Composites, manufacturing composite cylinders in Poland and operating a valve assembly facility in Germany [3]. - Hexagon Composites focuses on providing safe and innovative solutions for cleaner energy, facilitating the storage, transportation, and conversion of clean energy across various applications [9]. Financial Performance - In 2024, SES Composites reported a revenue of EUR 28 million and an EBITDA of EUR 700,000 on a pro-forma basis. For 2025, projected revenue and EBITDA are expected to be EUR 33 million and EUR 2 million, respectively [5]. Transaction Details - The acquisition is valued at an Enterprise Value of EUR 11.7 million, with a preliminary net purchase price of EUR 6.1 million, to be settled partly in Hexagon Composites shares and partly in Hexagon Purus shares [6]. - Worthington will receive 2,117,851 Hexagon Composites shares (1.0% of outstanding shares) and 19,555,225 Hexagon Purus shares (4.6% of outstanding shares), resulting in a post-transaction ownership of 33.8% in Hexagon Purus [8]. Strategic Implications - The acquisition is expected to create a more focused industrial gas business for Hexagon, allowing for increased strategic focus on value creation in existing and emerging segments [4]. - The move is aligned with the ongoing energy transition in Europe, where natural gas remains a critical component [5].

Company Overview - Clean Energy Fuels Corp is a leading RNG player in the US[18] - The company has 600+ stations throughout the U S and Canada[11, 21, 61] - The company has partnerships with energy leaders[14] - The company is an environmental credit leader[16] RNG (Renewable Natural Gas) - RNG lowers carbon emissions by an average of 300%[28] - RNG volume potential in the US (2040) is projected to be 15 3 billion GGEs in the low case and 36 1 billion GGEs in the high case[41] - Switching just 10% of a fleet from diesel to RNG can achieve a 50% reduction in carbon emissions from vehicles[74, 75] Financial Performance - The company's total revenue was $415 865 million for the year ended December 31, 2024[99] - The company's net loss attributable to Clean Energy Fuels Corp was $83 070 million for the year ended December 31, 2024[99] - Adjusted EBITDA for the year ended December 31, 2024, was $76 642 million[109] - Adjusted EBITDA for the three months ended March 31, 2025, was $17 085 million[113]