With energy prices creeping higher, investors are paying close attention to renewable fuels stocks like Clean Energy Fuels (CLNE +6.21%). The company reported second-quarter 2026 financial results this morning, and the market is clearly impressed by its recent performance.
As of 2:59 p.m. ET, shares of Clean Energy Fuels are up 6.8%, retreating from an earlier rise of 11.2%.
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Another better-than-expected report is fueling the bulls' interest
Reporting Q2 206 revenue of $106.4 million, Clean Energy Fuels exceeded the $104.7 million that analysts had anticipated. The top-line beat is the company's second in 2026. In the first quarter, Clean Energy Fuels posted sales of $117.6 million, surpassing the analysts' estimate of $97.9 million.
NASDAQ: CLNE
Key Data Points
At the bottom of the income statement, Clean Energy Fuels reported adjusted earnings per share of negative $0.01, meeting analysts' expectations.
In addition to the report of its recent performance, management's confidence that the company's upstream business -- renewable natural gas production -- will grow in profitability this year is providing the bulls with additional fodder to feast on. Management projects that the upstream business will provide 2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $3 million to $5.1 million, an improvement over the adjusted EBITDA of negative $12 million that it represented in 2025.
Should you power your portfolio with Clean Energy Fuels now?
With energy markets exhibiting significant volatility, many investors have been looking to renewable energy stocks to diversify their energy exposure. For those interested in the opportunity Clean Energy Fuels offers, now's a great time to load up on the stock, with shares trading at 5.8 times forward earnings.
