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Stock Comparison

OPAL vs CLNE

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
OPAL
OPAL Fuels Inc.

Regulated Gas

UtilitiesNASDAQ • US
Market Cap$52M
5Y Perf.-76.6%
CLNE
Clean Energy Fuels Corp.

Oil & Gas Refining & Marketing

EnergyNASDAQ • US
Market Cap$491M
5Y Perf.-71.7%

OPAL vs CLNE — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
OPAL logoOPAL
CLNE logoCLNE
IndustryRegulated GasOil & Gas Refining & Marketing
Market Cap$52M$491M
Revenue (TTM)$349M$425M
Net Income (TTM)$15M$-222M
Gross Margin28.1%-0.8%
Operating Margin1.4%-35.0%
Forward P/E15.2x
Total Debt$365M$99M
Cash & Equiv.$24M$158M

OPAL vs CLNELong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

OPAL
CLNE
StockMay 21May 26Return
OPAL Fuels Inc. (OPAL)10023.4-76.6%
Clean Energy Fuels … (CLNE)10028.3-71.7%

Price return only. Dividends and distributions are not included.

Quick Verdict: OPAL vs CLNE

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: OPAL leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Clean Energy Fuels Corp. is the stronger pick specifically for capital preservation and lower volatility and recent price momentum and sentiment. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
OPAL
OPAL Fuels Inc.
The Growth Play

OPAL carries the broadest edge in this set and is the clearest fit for growth exposure.

  • Rev growth 16.3%, EPS growth 6.4%, 3Y rev CAGR 14.0%
  • 16.3% revenue growth vs CLNE's 2.2%
  • 4.2% margin vs CLNE's -52.2%
Best for: growth exposure
CLNE
Clean Energy Fuels Corp.
The Income Pick

CLNE is the clearest fit if your priority is income & stability and long-term compounding.

  • beta 1.19
  • -28.9% 10Y total return vs OPAL's -76.7%
  • Lower volatility, beta 1.19, Low D/E 17.5%, current ratio 2.32x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthOPAL logoOPAL16.3% revenue growth vs CLNE's 2.2%
Quality / MarginsOPAL logoOPAL4.2% margin vs CLNE's -52.2%
Stability / SafetyCLNE logoCLNEBeta 1.19 vs OPAL's 1.58, lower leverage
DividendsOPAL logoOPAL15.7% yield; the other pay no meaningful dividend
Momentum (1Y)CLNE logoCLNE+43.6% vs OPAL's +15.2%
Efficiency (ROA)OPAL logoOPAL1.6% ROA vs CLNE's -21.0%

OPAL vs CLNE — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

OPALOPAL Fuels Inc.
FY 2024
Environmental Credits
86.8%$176M
Service
10.8%$22M
Parts
1.9%$4M
Product and Service, Other
0.6%$1M
CLNEClean Energy Fuels Corp.
FY 2025
Product
77.0%$365M
Service
12.5%$59M
Station construction sales
7.2%$34M
LCFS Credits
2.7%$13M
Other services
0.6%$3M
Federal Alternative Fuels Tax Credit
0.0%$198,000

OPAL vs CLNE — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLOPALLAGGINGCLNE

Income & Cash Flow (Last 12 Months)

OPAL leads this category, winning 5 of 6 comparable metrics.

CLNE and OPAL operate at a comparable scale, with $425M and $349M in trailing revenue. OPAL is the more profitable business, keeping 4.2% of every revenue dollar as net income compared to CLNE's -52.2%. On growth, OPAL holds the edge at +24.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
RevenueTrailing 12 months$349M$425M
EBITDAEarnings before interest/tax$28M-$64M
Net IncomeAfter-tax profit$15M-$222M
Free Cash FlowCash after capex-$34M$32M
Gross MarginGross profit ÷ Revenue+28.1%-0.8%
Operating MarginEBIT ÷ Revenue+1.4%-35.0%
Net MarginNet income ÷ Revenue+4.2%-52.2%
FCF MarginFCF ÷ Revenue-9.8%+7.6%
Rev. Growth (YoY)Latest quarter vs prior year+24.7%+2.7%
EPS Growth (YoY)Latest quarter vs prior year+2.7%-61.5%
OPAL leads this category, winning 5 of 6 comparable metrics.

Valuation Metrics

OPAL leads this category, winning 2 of 3 comparable metrics.
MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
Market CapShares × price$52M$491M
Enterprise ValueMkt cap + debt − cash$393M$432M
Trailing P/EPrice ÷ TTM EPS15.20x-2.22x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple13.98x
Price / SalesMarket cap ÷ Revenue0.15x1.16x
Price / BookPrice ÷ Book value/share0.13x0.87x
Price / FCFMarket cap ÷ FCF
OPAL leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

OPAL leads this category, winning 4 of 7 comparable metrics.

OPAL delivers a 3.1% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-39 for CLNE. CLNE carries lower financial leverage with a 0.18x debt-to-equity ratio, signaling a more conservative balance sheet compared to OPAL's 0.73x. On the Piotroski fundamental quality scale (0–9), OPAL scores 5/9 vs CLNE's 4/9, reflecting solid financial health.

MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
ROE (TTM)Return on equity+3.1%-39.3%
ROA (TTM)Return on assets+1.6%-21.0%
ROICReturn on invested capital+0.5%
ROCEReturn on capital employed+0.6%
Piotroski ScoreFundamental quality 0–954
Debt / EquityFinancial leverage0.73x0.18x
Net DebtTotal debt minus cash$341M-$59M
Cash & Equiv.Liquid assets$24M$158M
Total DebtShort + long-term debt$365M$99M
Interest CoverageEBIT ÷ Interest expense0.18x-3.28x
OPAL leads this category, winning 4 of 7 comparable metrics.

Total Returns (Dividends Reinvested)

CLNE leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in OPAL five years ago would be worth $2,327 today (with dividends reinvested), compared to $2,288 for CLNE. Over the past 12 months, CLNE leads with a +43.6% total return vs OPAL's +15.2%. The 3-year compound annual growth rate (CAGR) favors CLNE at -19.5% vs OPAL's -29.8% — a key indicator of consistent wealth creation.

MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
YTD ReturnYear-to-date-4.2%+3.7%
1-Year ReturnPast 12 months+15.2%+43.6%
3-Year ReturnCumulative with dividends-65.4%-47.9%
5-Year ReturnCumulative with dividends-76.7%-77.1%
10-Year ReturnCumulative with dividends-76.7%-28.9%
CAGR (3Y)Annualised 3-year return-29.8%-19.5%
CLNE leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

CLNE leads this category, winning 2 of 2 comparable metrics.

CLNE is the less volatile stock with a 1.19 beta — it tends to amplify market swings less than OPAL's 1.58 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CLNE currently trades 72.0% from its 52-week high vs OPAL's 55.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
Beta (5Y)Sensitivity to S&P 5001.58x1.19x
52-Week HighHighest price in past year$4.08$3.11
52-Week LowLowest price in past year$1.65$1.48
% of 52W HighCurrent price vs 52-week peak+55.9%+72.0%
RSI (14)Momentum oscillator 0–10046.752.5
Avg Volume (50D)Average daily shares traded199K1.3M
CLNE leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

OPAL is the only dividend payer here at 15.70% yield — a key consideration for income-focused portfolios.

MetricOPAL logoOPALOPAL Fuels Inc.CLNE logoCLNEClean Energy Fuel…
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$3.50
# AnalystsCovering analysts22
Dividend YieldAnnual dividend ÷ price+15.7%
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS$0.36
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

OPAL leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). CLNE leads in 2 (Total Returns, Risk & Volatility).

Best OverallOPAL Fuels Inc. (OPAL)Leads 3 of 6 categories
Loading custom metrics...

OPAL vs CLNE: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is OPAL or CLNE a better buy right now?

For growth investors, OPAL Fuels Inc.

(OPAL) is the stronger pick with 16. 3% revenue growth year-over-year, versus 2. 2% for Clean Energy Fuels Corp. (CLNE). OPAL Fuels Inc. (OPAL) offers the better valuation at 15. 2x trailing P/E, making it the more compelling value choice. 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.

02

Which is the better long-term investment — OPAL or CLNE?

Over the past 5 years, OPAL Fuels Inc.

(OPAL) delivered a total return of -76. 7%, compared to -77. 1% for Clean Energy Fuels Corp. (CLNE). Over 10 years, the gap is even starker: CLNE returned -28. 9% versus OPAL's -76. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — OPAL or CLNE?

By beta (market sensitivity over 5 years), Clean Energy Fuels Corp.

(CLNE) is the lower-risk stock at 1. 19β versus OPAL Fuels Inc. 's 1. 58β — meaning OPAL is approximately 33% more volatile than CLNE relative to the S&P 500. On balance sheet safety, Clean Energy Fuels Corp. (CLNE) carries a lower debt/equity ratio of 18% versus 73% for OPAL Fuels Inc. — giving it more financial flexibility in a downturn.

04

Which is growing faster — OPAL or CLNE?

By revenue growth (latest reported year), OPAL Fuels Inc.

(OPAL) is pulling ahead at 16. 3% versus 2. 2% for Clean Energy Fuels Corp. (CLNE). On earnings-per-share growth, the picture is similar: OPAL Fuels Inc. grew EPS 638. 9% year-over-year, compared to -173. 0% for Clean Energy Fuels Corp.. Over a 3-year CAGR, OPAL leads at 14. 0% 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.

05

Which has better profit margins — OPAL or CLNE?

OPAL Fuels Inc.

(OPAL) is the more profitable company, earning 1. 2% net margin versus -52. 3% for Clean Energy Fuels Corp. — meaning it keeps 1. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OPAL leads at 1. 4% versus -35. 0% for CLNE. At the gross margin level — before operating expenses — OPAL leads at 24. 0%, 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.

06

Which pays a better dividend — OPAL or CLNE?

In this comparison, OPAL (15.

7% yield) pays a dividend. CLNE does not pay a meaningful dividend and should not be held primarily for income.

07

Is OPAL or CLNE better for a retirement portfolio?

For long-horizon retirement investors, OPAL Fuels Inc.

(OPAL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (15. 7% yield). Both have compounded well over 10 years (OPAL: -76. 7%, CLNE: -28. 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.

08

What are the main differences between OPAL and CLNE?

These companies operate in different sectors (OPAL (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: OPAL is a small-cap high-growth stock; CLNE is a small-cap quality compounder stock. OPAL 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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OPAL

High-Growth Disruptor

  • Sector: Utilities
  • Market Cap > $100B
  • Revenue Growth > 12%
  • Gross Margin > 16%
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CLNE

Quality Business

  • Sector: Energy
  • Market Cap > $100B
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