CLNEClean Energy Fuels Corp.
Is it safe?
Mostly sound, with a caveat: comfortable debt (AA), but big price swings.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -93% · now 50% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can CLNE take a bad year?
Clean Energy Fuels Corp. carries $91M of net debt at 5.80× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 5.80×
Net debt / EBITDA
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 62%
Annualised volatility · three times the market's own swing
Details›
- Total debtQ2 2026
- $229M
- Cash and short-term investments
- $138M
- Net debt
- $91M
- EBITDA, trailing twelve months
- $16M
- Operating profit, trailing twelve months
- −$32M
- Debt / equity
- 0.41×
- Total debt / EBITDA
- 14.6×
- Annualised volatilitytwo years of daily moves
- 62%
- Worst drawdown on file
- −93%
- Below its 52-week high
- 50%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Oil & Gas Refining & Marketing
Ranks #9 of 9 by RyuScore