#1 - Clean Energy Fuels Corporation (NASDAQ:CLNE)
The first of the clean energy stocks on our list is the appropriately named Clean Energy Fuels Corporation (NASDAQ: CLNE). Many investors may have noticed that many of the electric vehicle (EV) companies that went public in 2020 are focusing on the commercial transportation sector. That’s because many companies have made pledges to power their fleets with a clean, low-carbon fuel.
Clean Energy Fuels is one of the largest providers of clean fuel for this growing market. Specifically, the company is engaged in the development and delivery of renewable natural gas (RNG). One benefit that is becoming apparent to fleet operators is that RNG can be used in combination with natural gas to create a clean, cost-effective alternative to diesel fuel.
And one of the more intriguing reasons to invest in CLNE stock is that in addition to delivering the fuel, they operate a growing network of fueling stations across the United States and Canada.
CLNE stock first caught the attention of retail investors after the 2020 election. It got caught up in the meme stock movement and soared 614% to a closing price of $17.29 on February 12, 2021. The stock has since dropped over 50% but analysts still suggest the stock has a 12-month upside of over 80%.
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
- $2.56
- Consensus Rating
- Buy
- Ratings Breakdown
- 4 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $5.38 (110.0% Upside)
