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Stock Comparison

CLNE vs OPAL

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

Live fundamentals10-year financials5-year price chart
CLNE
Clean Energy Fuels Corp.

Oil & Gas Refining & Marketing

EnergyNASDAQ • US
Market Cap$507M
5Y Perf.-70.8%
OPAL
OPAL Fuels Inc.

Regulated Gas

UtilitiesNASDAQ • US
Market Cap$54M
5Y Perf.-76.0%

CLNE vs OPAL — Key Financials

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

Company Snapshot
CLNE logoCLNE
OPAL logoOPAL
IndustryOil & Gas Refining & MarketingRegulated Gas
Market Cap$507M$54M
Revenue (TTM)$439M$349M
Net Income (TTM)$-99M$15M
Gross Margin11.7%28.1%
Operating Margin7.4%1.4%
Forward P/E15.6x
Total Debt$99M$365M
Cash & Equiv.$158M$24M

CLNE vs OPALLong-Term Stock Performance

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

CLNE
OPAL
StockMay 21May 26Return
Clean Energy Fuels … (CLNE)10029.2-70.8%
OPAL Fuels Inc. (OPAL)10024.0-76.0%

Price return only. Dividends and distributions are not included.

Quick Verdict: CLNE vs OPAL

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.
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
  • -26.9% 10Y total return vs OPAL's -76.1%
  • Lower volatility, beta 1.19, Low D/E 17.5%, current ratio 2.32x
Best for: income & stability and long-term compounding
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 -22.7%
Best for: growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthOPAL logoOPAL16.3% revenue growth vs CLNE's 2.2%
Quality / MarginsOPAL logoOPAL4.2% margin vs CLNE's -22.7%
Stability / SafetyCLNE logoCLNEBeta 1.19 vs OPAL's 1.58, lower leverage
DividendsOPAL logoOPAL15.3% yield; the other pay no meaningful dividend
Momentum (1Y)CLNE logoCLNE+44.4% vs OPAL's -0.4%
Efficiency (ROA)OPAL logoOPAL1.6% ROA vs CLNE's -9.2%, ROIC 0.5% vs -9.4%

CLNE vs OPAL — Revenue Breakdown by Segment

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

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
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

CLNE vs OPAL — 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 4 of 6 comparable metrics.

CLNE and OPAL operate at a comparable scale, with $439M 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 -22.7%. On growth, OPAL holds the edge at +24.7% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
RevenueTrailing 12 months$439M$349M
EBITDAEarnings before interest/tax$62M$28M
Net IncomeAfter-tax profit-$99M$15M
Free Cash FlowCash after capex$19M-$34M
Gross MarginGross profit ÷ Revenue+11.7%+28.1%
Operating MarginEBIT ÷ Revenue+7.4%+1.4%
Net MarginNet income ÷ Revenue-22.7%+4.2%
FCF MarginFCF ÷ Revenue+4.3%-9.8%
Rev. Growth (YoY)Latest quarter vs prior year+13.3%+24.7%
EPS Growth (YoY)Latest quarter vs prior year+90.0%+2.7%
OPAL leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

OPAL leads this category, winning 3 of 4 comparable metrics.

On an enterprise value basis, OPAL's 14.0x EV/EBITDA is more attractive than CLNE's 94.6x.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
Market CapShares × price$507M$54M
Enterprise ValueMkt cap + debt − cash$448M$395M
Trailing P/EPrice ÷ TTM EPS-2.29x15.60x
Forward P/EPrice ÷ next-FY EPS est.
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple94.64x14.03x
Price / SalesMarket cap ÷ Revenue1.19x0.15x
Price / BookPrice ÷ Book value/share0.90x0.14x
Price / FCFMarket cap ÷ FCF8.47x
OPAL leads this category, winning 3 of 4 comparable metrics.

Profitability & Efficiency

OPAL leads this category, winning 5 of 8 comparable metrics.

OPAL delivers a 3.1% return on equity — every $100 of shareholder capital generates $3 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 OPAL's 0.73x.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
ROE (TTM)Return on equity-17.2%+3.1%
ROA (TTM)Return on assets-9.2%+1.6%
ROICReturn on invested capital-9.4%+0.5%
ROCEReturn on capital employed-9.4%+0.6%
Piotroski ScoreFundamental quality 0–955
Debt / EquityFinancial leverage0.18x0.73x
Net DebtTotal debt minus cash-$59M$341M
Cash & Equiv.Liquid assets$158M$24M
Total DebtShort + long-term debt$99M$365M
Interest CoverageEBIT ÷ Interest expense-1.07x0.18x
OPAL leads this category, winning 5 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

A $10,000 investment in CLNE five years ago would be worth $2,619 today (with dividends reinvested), compared to $2,388 for OPAL. Over the past 12 months, CLNE leads with a +44.4% total return vs OPAL's -0.4%. The 3-year compound annual growth rate (CAGR) favors CLNE at -18.7% vs OPAL's -29.2% — a key indicator of consistent wealth creation.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
YTD ReturnYear-to-date+6.9%-1.7%
1-Year ReturnPast 12 months+44.4%-0.4%
3-Year ReturnCumulative with dividends-46.3%-64.5%
5-Year ReturnCumulative with dividends-73.8%-76.1%
10-Year ReturnCumulative with dividends-26.9%-76.1%
CAGR (3Y)Annualised 3-year return-18.7%-29.2%
CLNE leads this category, winning 6 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 74.3% from its 52-week high vs OPAL's 57.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
Beta (5Y)Sensitivity to S&P 5001.19x1.58x
52-Week HighHighest price in past year$3.11$4.08
52-Week LowLowest price in past year$1.56$1.65
% of 52W HighCurrent price vs 52-week peak+74.3%+57.4%
RSI (14)Momentum oscillator 0–10044.648.0
Avg Volume (50D)Average daily shares traded1.3M198K
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 15.29% yield — a key consideration for income-focused portfolios.

MetricCLNE logoCLNEClean Energy Fuel…OPAL logoOPALOPAL Fuels Inc.
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$3.50
# AnalystsCovering analysts22
Dividend YieldAnnual dividend ÷ price+15.3%
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS$0.36
Buyback YieldShare repurchases ÷ mkt cap+1.6%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...

CLNE vs OPAL: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is CLNE or OPAL 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. 6x 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 — CLNE or OPAL?

Over the past 5 years, Clean Energy Fuels Corp.

(CLNE) delivered a total return of -73. 8%, compared to -76. 1% for OPAL Fuels Inc. (OPAL). Over 10 years, the gap is even starker: CLNE returned -26. 9% versus OPAL's -76. 1%. 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 — CLNE or OPAL?

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 — CLNE or OPAL?

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 — CLNE or OPAL?

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 -22. 1% 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 — CLNE or OPAL?

In this comparison, OPAL (15.

3% yield) pays a dividend. CLNE does not pay a meaningful dividend and should not be held primarily for income.

07

Is CLNE or OPAL 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. 3% yield). Both have compounded well over 10 years (OPAL: -76. 1%, 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.

08

What are the main differences between CLNE and OPAL?

These companies operate in different sectors (CLNE (Energy) and OPAL (Utilities)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: CLNE is a small-cap quality compounder stock; OPAL is a small-cap high-growth 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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  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 6%
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OPAL

High-Growth Disruptor

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