#4 - Clean Energy Fuels (NASDAQ:CLNE)
Clean Energy Fuels Corp. (NASDAQ: CLNE) makes renewable natural gas from organic waste. This fuel can be used in heavy-duty trucks, buses and other large vehicles. The company claims the carbon emissions from its renewable fuel are an average of 300% lower than diesel. Clean Energy Fuels also sells compressed natural gas (CNG), renewable natural gas (RNG) and liquefied natural gas (LNG) through virtual natural gas pipelines and interconnects.
The company's revenue is growing, but that growth has been a little uneven. The larger issue is on the bottom line. Although the company has been in business for over 20 years, it's still not profitable. And analysts aren't forecasting that to change in the next two years.
That's of some concern as oil prices are expected to rise, and some renewable energy initiatives may go on the back burner. Nevertheless, analysts are bullish on CLNE stock and give it a consensus price target of $6.80, which is more than 189% above its price as of March 26, 2024.
About Clean Energy Fuels
Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.
Read More - Current Price
- $2.78
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.38 (93.3% Upside)
