Clean Energy Fuels Corp. CLNE has revealed that its Board of Directors has approved the resumption of share repurchases under its existing Share Repurchase Program. Initiated in March 2020 and expanded to a capacity of $50 million in December 2021, this program currently has approximately $26.5 million available for additional repurchases.

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Clean Energy renewable natural gas (RNG) station canopy.

As of December 31, 2024, Clean Energy Fuels had over $200 million in cash. The resumption of the program allows the company to buy back shares while still funding its growth initiatives.

Andrew J. Littlefair, Clean Energy’s president and CEO, expressed optimism for 2025, citing strong fourth quarter and annual results for 2024. He noted that while alternative fuels face uncertainty, renewable natural gas (RNG) is gaining popularity, especially with the release of trucks equipped with Cummins’ new X15N natural gas engine. Littlefair highlighted that the company’s stock appears undervalued given its operational strengths and future opportunities, making this repurchase decision a confident step forward.

The repurchases may occur at various times through methods such as open market purchases, private negotiations, structured transactions, or accelerated share repurchases. Such activities will be subject to market conditions and applicable laws. Additionally, they may be facilitated under Rule 10b5-1 plans. The program has no expiration date and can be modified or halted at any time, with no obligation for the company to repurchase any specific number of shares.

JP Morgan Securities LLC will handle share repurchases on behalf of the company in the open market.

About Clean Energy

Clean Energy Fuels Corp. is the leading provider of clean fuel solutions in the U.S. transportation market. Our objective is to decarbonize transportation by delivering renewable natural gas (RNG), which is a sustainable fuel sourced from capturing methane from organic waste. Our extensive network of fueling stations across the U.S. and Canada helps various vehicles, from buses to trucks, to significantly reduce harmful greenhouse gas emissions. For more information, visit www.cleanenergyfuels.com and follow @ce_renewables on X and LinkedIn.

Forward-Looking Statements:

This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 and may be subject to known and unknown risks and uncertainties that could cause actual results to differ from expectations. These statements pertain to the timing, manner, price, or amount of potential repurchases under the Company’s Program. For further details on factors that might affect performance, please refer to the “Risk Factors” section in the Company’s Annual Report on Form 10-K for the year ending December 31, 2024, and other filings with the Securities and Exchange Commission.

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Clean Energy media contact:
Gary Foster
1-949-437-1113
[email protected]


Clean Energy investor contact:
Thomas Driscoll
1-949-437-1191
[email protected]