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AQN vs CLNE
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Refining & Marketing
AQN vs CLNE — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Renewable Utilities | Oil & Gas Refining & Marketing |
| Market Cap | $4.82B | $507M |
| Revenue (TTM) | $2.39B | $439M |
| Net Income (TTM) | $-27M | $-99M |
| Gross Margin | 65.0% | 11.7% |
| Operating Margin | 20.9% | 7.4% |
| Forward P/E | 17.4x | — |
| Total Debt | $6.70B | $99M |
| Cash & Equiv. | $35M | $158M |
AQN vs CLNE — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Algonquin Power & U… (AQN) | 100 | 44.9 | -55.1% |
| Clean Energy Fuels … (CLNE) | 100 | 110.5 | +10.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AQN vs CLNE
Each card shows where this stock fits in a portfolio — not just who wins on paper.
AQN carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.35, yield 5.9%
- 32.5% 10Y total return vs CLNE's -26.9%
- Lower volatility, beta 0.35, current ratio 0.76x
CLNE is the clearest fit if your priority is growth exposure.
- Rev growth 2.2%, EPS growth -173.0%, 3Y rev CAGR 0.4%
- 2.2% revenue growth vs AQN's -3.5%
- +44.4% vs AQN's +19.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 2.2% revenue growth vs AQN's -3.5% | |
| Quality / Margins | -1.1% margin vs CLNE's -22.7% | |
| Stability / Safety | Beta 0.35 vs CLNE's 1.19 | |
| Dividends | 5.9% yield; the other pay no meaningful dividend | |
| Momentum (1Y) | +44.4% vs AQN's +19.8% | |
| Efficiency (ROA) | -0.2% ROA vs CLNE's -9.2%, ROIC 2.5% vs -9.4% |
AQN vs CLNE — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
AQN vs CLNE — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
AQN leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
AQN is the larger business by revenue, generating $2.4B annually — 5.4x CLNE's $439M. AQN is the more profitable business, keeping -1.1% of every revenue dollar as net income compared to CLNE's -22.7%. On growth, CLNE holds the edge at +13.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $2.4B | $439M |
| EBITDAEarnings before interest/tax | $815M | $62M |
| Net IncomeAfter-tax profit | -$27M | -$99M |
| Free Cash FlowCash after capex | $2.6B | $19M |
| Gross MarginGross profit ÷ Revenue | +65.0% | +11.7% |
| Operating MarginEBIT ÷ Revenue | +20.9% | +7.4% |
| Net MarginNet income ÷ Revenue | -1.1% | -22.7% |
| FCF MarginFCF ÷ Revenue | +109.1% | +4.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +1.7% | +13.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +102.7% | +90.0% |
Valuation Metrics
AQN leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
On an enterprise value basis, AQN's 12.4x EV/EBITDA is more attractive than CLNE's 94.6x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $4.8B | $507M |
| Enterprise ValueMkt cap + debt − cash | $11.5B | $448M |
| Trailing P/EPrice ÷ TTM EPS | -3.47x | -2.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.39x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.45x | 94.64x |
| Price / SalesMarket cap ÷ Revenue | 2.08x | 1.19x |
| Price / BookPrice ÷ Book value/share | 0.74x | 0.90x |
| Price / FCFMarket cap ÷ FCF | — | 8.47x |
Profitability & Efficiency
AQN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
AQN delivers a -0.5% return on equity — every $100 of shareholder capital generates $-0 in annual profit, vs $-17 for CLNE. CLNE carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to AQN's 1.08x. On the Piotroski fundamental quality scale (0–9), AQN scores 6/9 vs CLNE's 5/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -0.5% | -17.2% |
| ROA (TTM)Return on assets | -0.2% | -9.2% |
| ROICReturn on invested capital | +2.5% | -9.4% |
| ROCEReturn on capital employed | +2.8% | -9.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 5 |
| Debt / EquityFinancial leverage | 1.08x | 0.18x |
| Net DebtTotal debt minus cash | $6.7B | -$59M |
| Cash & Equiv.Liquid assets | $35M | $158M |
| Total DebtShort + long-term debt | $6.7B | $99M |
| Interest CoverageEBIT ÷ Interest expense | 1.29x | -1.07x |
Total Returns (Dividends Reinvested)
AQN leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AQN five years ago would be worth $5,568 today (with dividends reinvested), compared to $2,619 for CLNE. Over the past 12 months, CLNE leads with a +44.4% total return vs AQN's +19.8%. The 3-year compound annual growth rate (CAGR) favors AQN at -6.0% vs CLNE's -18.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +3.7% | +6.9% |
| 1-Year ReturnPast 12 months | +19.8% | +44.4% |
| 3-Year ReturnCumulative with dividends | -16.8% | -46.3% |
| 5-Year ReturnCumulative with dividends | -44.3% | -73.8% |
| 10-Year ReturnCumulative with dividends | +32.5% | -26.9% |
| CAGR (3Y)Annualised 3-year return | -6.0% | -18.7% |
Risk & Volatility
AQN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
AQN is the less volatile stock with a 0.35 beta — it tends to amplify market swings less than CLNE's 1.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AQN currently trades 88.3% from its 52-week high vs CLNE's 74.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 1.19x |
| 52-Week HighHighest price in past year | $7.11 | $3.11 |
| 52-Week LowLowest price in past year | $5.32 | $1.56 |
| % of 52W HighCurrent price vs 52-week peak | +88.3% | +74.3% |
| RSI (14)Momentum oscillator 0–100 | 51.7 | 44.6 |
| Avg Volume (50D)Average daily shares traded | 4.1M | 1.3M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates AQN as "Hold" and CLNE as "Buy". Consensus price targets imply 51.5% upside for CLNE (target: $4) vs 8.1% for AQN (target: $7). AQN is the only dividend payer here at 5.91% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $6.79 | $3.50 |
| # AnalystsCovering analysts | 13 | 22 |
| Dividend YieldAnnual dividend ÷ price | +5.9% | — |
| Dividend StreakConsecutive years of raises | 0 | — |
| Dividend / ShareAnnual DPS | $0.37 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.6% |
AQN leads in 5 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics.
AQN vs CLNE: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is AQN or CLNE a better buy right now?
For growth investors, Clean Energy Fuels Corp.
(CLNE) is the stronger pick with 2. 2% revenue growth year-over-year, versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). Analysts rate Clean Energy Fuels Corp. (CLNE) a "Buy" — based on 22 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — AQN or CLNE?
Over the past 5 years, Algonquin Power & Utilities Corp.
(AQN) delivered a total return of -44. 3%, compared to -73. 8% for Clean Energy Fuels Corp. (CLNE). Over 10 years, the gap is even starker: AQN returned +32. 5% versus CLNE's -26. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — AQN or CLNE?
By beta (market sensitivity over 5 years), Algonquin Power & Utilities Corp.
(AQN) is the lower-risk stock at 0. 35β versus Clean Energy Fuels Corp. 's 1. 19β — meaning CLNE is approximately 240% more volatile than AQN relative to the S&P 500. On balance sheet safety, Clean Energy Fuels Corp. (CLNE) carries a lower debt/equity ratio of 18% versus 108% for Algonquin Power & Utilities Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — AQN or CLNE?
By revenue growth (latest reported year), Clean Energy Fuels Corp.
(CLNE) is pulling ahead at 2. 2% versus -3. 5% for Algonquin Power & Utilities Corp. (AQN). On earnings-per-share growth, the picture is similar: Clean Energy Fuels Corp. grew EPS -173. 0% year-over-year, compared to -61. 3% for Algonquin Power & Utilities Corp.. Over a 3-year CAGR, AQN leads at 0. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — AQN or CLNE?
Clean Energy Fuels Corp.
(CLNE) is the more profitable company, earning -52. 3% net margin versus -59. 5% for Algonquin Power & Utilities Corp. — meaning it keeps -52. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: AQN leads at 19. 2% versus -22. 1% for CLNE. At the gross margin level — before operating expenses — AQN leads at 74. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is AQN or CLNE more undervalued right now?
Analyst consensus price targets imply the most upside for CLNE: 51.
5% to $3. 50.
07Which pays a better dividend — AQN or CLNE?
In this comparison, AQN (5.
9% yield) pays a dividend. CLNE does not pay a meaningful dividend and should not be held primarily for income.
08Is AQN or CLNE better for a retirement portfolio?
For long-horizon retirement investors, Algonquin Power & Utilities Corp.
(AQN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 35), 5. 9% yield). Both have compounded well over 10 years (AQN: +32. 5%, CLNE: -26. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between AQN and CLNE?
These companies operate in different sectors (AQN (Utilities) and CLNE (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: AQN is a small-cap income-oriented stock; CLNE is a small-cap quality compounder stock. AQN pays a dividend while CLNE does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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