Stock IdeasDec. 31, 2025 2:44 AM ETClean Energy Fuels Corp. (CLNE) StockAndres Veurink361 FollowersCommentsClean Energy Fuels is rated Sell due to persistent operating losses and heavy reliance on government credits.CLNE’s revenue growth is modest, with nearly 15% of revenues dependent on volatile government programs like RIN, LCFS, and 45Z credits.Planned fourfold production expansion could boost revenues, but profitability remains doubtful given current margins and cost structure.Despite vertical integration and major partnerships, CLNE’s business model appears unsustainable without permanent subsidies or a significant margin turnaround.bombermoon/iStock via Getty ImagesInvestment ThesisSince 2016, the company of today's article, Clean Energy Fuels (CLNE), has managed to grow its revenues by 4.7%. Operating losses have widened since then as well to $34 million compared to $17.7 million inThis article was written byAndres Veurink361 FollowersMy name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high standard as to what I invest my money in. My preferred sectors to follow are tech, specifically SaaS and cloud business. I find these offer incredible growth opportunities and are also very fun to research and follow. It's a very active space with plenty of news coming out each week. Work is my own thoughs and research is done only by myself.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Comments