Jefferies upgrades Clean Energy Fuels stock to Hold

Published on 10/05/2026 at 08:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 106.40 million, up 3.70 percent year over year. Clean Energy Fuels stock costs EUR 1.39 on October 5, 2026 after EUR 1.39.

CLNE, US1844991018, Illustration mit AI erstellt.

Clean Energy Fuels (ISIN US1844991018) was trading at EUR 1.39 at Lang & Schwarz on October 5, 2026 at 8:19 a.m. CEST, unchanged versus the prior close of EUR 1.39. MarketBeat reported on September 30, 2026 that Jefferies upgraded the stock to Hold, bringing the consensus rating to Hold with an average analyst target of USD 2.38.

Tax credits strengthen the RNG model

Clean Energy Fuels announced on September 24, 2026 that it completed a USD 30.70 million sale of federal tax credits generated by seven renewable natural gas facilities. The transaction included a USD 26.00 million investment tax credit tied to South Fork Dairy in Texas and marked the company fourth completed monetization transaction for its RNG projects.

The seven facilities produced 2.70 million gallons of negative-carbon-intensity RNG in 2025, according to the company release. That figure links the tax credit transaction directly to the operating assets behind Clean Energy Fuels alternative-fuel platform rather than to a one-off financial transaction.

Revenue grows while losses narrow

In the second quarter of 2026, revenue was USD 106.40 million, up from USD 102.60 million in the prior-year quarter, a 3.70 percent increase. The Globe and Mail reported that the GAAP net loss narrowed to USD 14.90 million from USD 20.20 million in the prior-year quarter, a 26.24 percent reduction in the loss.

Total fuel volume reached 81.80 million gallons in the second quarter of 2026, up 7.00 percent year over year, while renewable natural gas volume sold rose 2.90 percent to 63.20 million gallons. Management maintained full-year 2026 adjusted EBITDA guidance of USD 70.00 million to USD 75.00 million, with final Section 45Z rules remaining an important variable for the upper end of that range.

Jefferies turns more cautious

The Jefferies upgrade gives investors a more measured analyst reference after the second-quarter revenue came in below the USD 111.27 million consensus cited by MarketBeat. The shortfall was USD 4.91 million, or 4.41 percent of the consensus estimate, even as the company delivered year-over-year revenue and volume growth.

Stock holds at EUR 1.39

Clean Energy Fuels stock was trading at EUR 1.39 at Lang & Schwarz on October 5, 2026 at 8:19 a.m. CEST, unchanged at 0.00 percent versus the prior close of EUR 1.39 on October 2, 2026.