Clean Energy Fuels expands incentive plan

Clean Energy Fuels (TSX:EFR) Corp. (NASDAQ:CLNE), a $411 million market cap provider of natural gas fuel for transportation, announced the expansion of its 2024 Performance Incentive Plan following approval by shareholders at the Annual Meeting held on May 22, 2025. According to InvestingPro data, the company’s stock has experienced significant volatility, declining over 42% in the past six months. The amendment to the plan increases the number of shares available for issuance by 10,750,000, bringing the total to 14,750,000 shares. The company’s Board of Directors had previously approved the amended plan, contingent on this shareholder approval.

The Amended 2024 Plan is designed to offer incentives to the company’s executive officers and other participants by enabling them to acquire company stock. The additional shares now available for issuance under the plan are intended to support future grants that can align the interests of the company’s leadership with those of the shareholders. The company maintains a healthy financial position with a current ratio of 2.82 and operates with a moderate debt-to-equity ratio of 0.62, as revealed by InvestingPro analysis.

The details of the Amended 2024 Plan had been outlined in the company’s definitive proxy statement filed with the Securities and Exchange Commission on April 8, 2025. The plan’s expansion reflects the company’s commitment to incentivizing performance and retaining key talent as it continues to navigate the competitive energy market.

The company, headquartered in Newport Beach, California, is incorporated in Delaware and trades under the ticker symbol "CLNE" on The Nasdaq Stock Market LLC. Based on InvestingPro’s Fair Value analysis, the stock appears to be undervalued at current levels, though analysts do not expect profitability this year. Discover more insights about CLNE and access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Clean Energy Fuels Corp. reported its first-quarter 2025 earnings, revealing a mixed financial performance. The company posted a revenue of $103.8 million, which exceeded market expectations of $99.13 million. However, Clean Energy Fuels missed earnings per share (EPS) estimates, reporting -$0.60 against the forecasted -$0.15. The adjusted EBITDA improved to $17.1 million from $12.8 million in the first quarter of 2024, despite facing operational challenges. Shareholders recently voted on key proposals at the company’s annual meeting, electing all seven board nominees and ratifying KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025. Additionally, the advisory vote on executive compensation and the adoption of the Amended and Restated 2024 Performance Incentive Plan were approved. These developments indicate ongoing shareholder support for the company’s strategic direction.

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