How Clean Energy Fuels Corp. Makes Most of Its Money

Clean Energy Fuels Corp. (NASDAQ: CLNE) has always garnered strong interest among investors. Well before talk of electric long-haul trucks, compressed natural gas and liquefied natural gas were considered the fuels of the future. While the opportunity is largely intact today, it's possible semi-fleets skip over natural gas fuels entirely.

That's one reason Clean Energy Fuels has been recalibrating its business away from its previous vision, called America's Natural Gas Highway, and focusing more bandwidth on building and supplying refueling stations for municipal and private fleets. The company still generates most of its revenue from the volume of fuels sold, but the mix has changed, especially with the recent renewable fuel asset sale to BP.

Given some of the changes recently and clearer pathway for growth, let's revisit how Clean Energy Fuels Corp. makes most of its money.

Source: Fool.com