#5 - Clean Energy Fuels (NASDAQ:CLNE)
Clean Energy Fuels (NASDAQ:CLNE) makes this list as a matter of common sense. Right now a practical look at the energy sector means that fossil fuels will still be needed. But common sense indicates that renewable energy sources are on the rise and will continue to be one of the driving narratives of 2021 and beyond.
That’s where Clean Energy Fuels comes in. The company provides natural gas fueling stations for commercial vehicle fleets. It will be interesting to see how this works out as several electric vehicle companies are looking to enter this space as are hydrogen fuel companies.
However, this is a long-term story. Clean Energy Fuels has been in business for a long time and is not yet profitable. And thus far in 2021 we’ve seen another example of the market rushing to buy into a clean energy narrative that is not quite ready for primetime.
Unlike many Reddit stocks, analysts are generally bullish on CLNE stock. Although it has received one sell rating from the six analysts that cover it, the consensus is that the stock is a buy with a price target that suggests the stock can move 40% higher.
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)
