Clean Energy Fuels Stock Jumps 26% After Third-Quarter Results Show Narrower Loss

Clean Energy Fuels (Nasdaq: CLNE) shares rose 26.5% on Friday, closing at $1.91 against a previous close of $1.51, on trading volume about 4.2 times normal. The S&P 500 ETF (SPY) rose 0.31% over the same session.

The move followed the company's third-quarter results, which it released in an 8-K filed Nov. 5 with the press release attached. Revenue was $112.2 million, up from $106.1 million a year earlier. The net loss attributable to Clean Energy narrowed to $5.7 million, or $0.03 a share, from $23.8 million, or $0.11 a share, in the same quarter of 2025.

Tax credits and a higher outlook

The company said its results reflected $12.7 million of Section 45Z production tax credits recognized in product cost of sales. It also raised its 2026 adjusted EBITDA outlook to a range of $75 million to $80 million, from $70 million to $75 million previously. Chief Executive Clay Corbus said the quarter included a significant 45Z contribution to adjusted EBITDA.

The company also reported closing the sale of $30.7 million of federal tax credits from seven RNG production facilities, its largest investment tax credit sale to date.

Cash and contracts

Cash, cash equivalents and short-term investments totaled $140.2 million as of Sept. 30, compared with $156.1 million at the end of 2025. The company paid down $15 million of long-term debt during the quarter. It also reported a $27.5 million contract from the Orange County Transportation Authority to build a hydrogen fueling station, expected to be completed in 2028.

The filings do not link any single item to the share price move, and the company did not comment on the stock's reaction.

RNG gallons sold rose 9.0% to 66.8 million in the quarter.