CLNE
Clean Energy Fuels Corp. Energy - Oil & Gas Refining & Marketing Investor Relations →
Clean Energy Fuels Corp. (CLNE) closed at $2.12 as of 2026-03-20, trading 40.6% below its 200-week moving average of $3.57. This places CLNE in the extreme value zone. The stock is currently moving closer to the line, down from -39.2% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 1.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.21 ratio) is neutral — neither side is clearly dominating.
Over the past 934 weeks of data, CLNE has crossed below its 200-week moving average 18 times. On average, these episodes lasted 37 weeks. Historically, investors who bought CLNE at the start of these episodes saw an average one-year return of +42.2%.
With a market cap of $465 million, CLNE is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -34.7%. The stock trades at 0.8x book value.
Over the past 18 years, a hypothetical investment of $100 in CLNE would have grown to $16, compared to $654 for the S&P 500. CLNE has returned -9.7% annualized vs 11.0% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 24.7% compound annual rate, with 1 consecutive year of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CLNE vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CLNE Crosses Below the Line?
Across 18 historical episodes, buying CLNE when it crossed below its 200-week moving average produced an average return of +37.7% after 12 months (median +9.0%), compared to +13.9% for the S&P 500 over the same periods. 61% of those episodes were profitable after one year. After 24 months, the average return was +22.6% vs +35.8% for the index.
Each line shows $100 invested at the moment CLNE crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CLNE has crossed below its 200-week MA 18 times with an average 1-year return of +42.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 2008 | Aug 2008 | 17 | 24.2% | -29.4% | -84.0% |
| Sep 2008 | Aug 2009 | 47 | 71.2% | +11.7% | -82.3% |
| Oct 2009 | Nov 2009 | 1 | 3.0% | +25.2% | -81.7% |
| Nov 2009 | Nov 2009 | 1 | 0.9% | +15.4% | -82.1% |
| Jan 2011 | Feb 2011 | 5 | 9.7% | +8.1% | -83.7% |
| Mar 2011 | Mar 2011 | 1 | 1.2% | +60.8% | -83.8% |
| Jun 2011 | Jul 2011 | 5 | 6.5% | +8.6% | -83.7% |
| Aug 2011 | Jan 2012 | 21 | 22.3% | +6.6% | -83.0% |
| May 2012 | Jun 2012 | 3 | 5.9% | +8.4% | -83.2% |
| Aug 2012 | Sep 2012 | 4 | 1.9% | -2.5% | -84.0% |
| Sep 2012 | Mar 2019 | 338 | 75.6% | -1.9% | -83.9% |
| May 2019 | Feb 2020 | 39 | 29.4% | -29.7% | -23.2% |
| Feb 2020 | Jul 2020 | 19 | 42.4% | +477.0% | -6.2% |
| Jul 2020 | Aug 2020 | 1 | 1.6% | +215.5% | -10.9% |
| Jun 2022 | Jul 2022 | 3 | 6.0% | -8.7% | -56.1% |
| Oct 2022 | Oct 2022 | 1 | 5.4% | -20.9% | -56.5% |
| Dec 2022 | Jan 2023 | 3 | 3.5% | -26.3% | -60.4% |
| Feb 2023 | Ongoing | 160+ | 70.8% | Ongoing | -57.5% |
| Average | 37 | — | +42.2% | — |
Frequently Asked Questions
Is CLNE below its 200-week moving average?
Yes. As of 2026-03-20, Clean Energy Fuels Corp. (CLNE) is trading 40.6% below its 200-week moving average of $3.57. The current price is $2.12.
What is CLNE's 200-week moving average price?
Clean Energy Fuels Corp.'s 200-week moving average is $3.57 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CLNE drops below its 200-week moving average?
CLNE has crossed below its 200-week moving average 18 times in our data. On average, buying at that moment produced a one-year return of +42.2%. These dips have historically been decent entry points. These episodes lasted 37 weeks on average.
Is CLNE a good value right now?
Here's what our data says about CLNE as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 46. Free cash flow is currently negative. Return on equity is -34.7%. Price-to-book is 0.8x. This is not a buy or sell recommendation — always do your own research.
How does CLNE compare to the S&P 500?
Over the past 18 years, $100 invested in CLNE would have grown to $16, compared to $654 for the S&P 500. That's -9.7% annualized vs 11.0% for the index. CLNE has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20