Clean Energy Fuels (CLNE) Stock Price, News & Analysis

Company Overview

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. The company also designs, builds, operates, and maintains vehicle fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.

Key Stats

• Today's Range: $3.04 to $3.13
• 50-Day Range: $2.42 to $3.32
• 52-Week Range: $2.17 to $4.14
• Volume: 541,999 shs
• Average Volume: 1.63 million shs
• Market Capitalization: $690.40 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.38
• Consensus Rating: Buy

Clean Energy Fuels Stock Analysis - MarketRank™

Clean Energy Fuels scored higher than 74% of companies evaluated by MarketBeat, and ranked 50th out of 96 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Clean Energy Fuels has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Clean Energy Fuels has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Clean Energy Fuels are expected to decrease in the coming year, from ($0.34) to ($0.36) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clean Energy Fuels is -8.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clean Energy Fuels is -8.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Clean Energy Fuels has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.81% of the float of Clean Energy Fuels has been sold short.

Short Interest Ratio / Days to Cover

Clean Energy Fuels has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Clean Energy Fuels has recently increased by 3.04%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Clean Energy Fuels does not currently pay a dividend.

Dividend Growth

Clean Energy Fuels does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.7 / 5
• Environmental Score: -3.52

Percentage of Shares Shorted

7.81% of the float of Clean Energy Fuels has been sold short.

Short Interest Ratio / Days to Cover

Clean Energy Fuels has a short interest ratio ("days to cover") of 8.

Change versus previous month

Short interest in Clean Energy Fuels has recently increased by 3.04%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

Clean Energy Fuels has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Clean Energy Fuels this week, compared to 2 articles on an average week.

Search Interest

Only 11 people have searched for CLNE on MarketBeat in the last 30 days. This is a decrease of -45% compared to the previous 30 days.

MarketBeat Follows

Only 8 people have added Clean Energy Fuels to their MarketBeat watchlist in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Clean Energy Fuels insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 3.60% of the stock of Clean Energy Fuels is held by insiders.

Percentage Held by Institutions

49.94% of the stock of Clean Energy Fuels is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLNE Stock Analysis - Frequently Asked Questions

How have CLNE shares performed this year?

Clean Energy Fuels' stock was trading at $3.83 on January 1st, 2024. Since then, CLNE shares have decreased by 20.4% and is now trading at $3.05.
View the best growth stocks for 2024 here.

How were Clean Energy Fuels' earnings last quarter?

Clean Energy Fuels Corp. (NASDAQ:CLNE) released its quarterly earnings results on Wednesday, August, 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company's quarterly revenue was up 8.2% on a year-over-year basis.

Who are Clean Energy Fuels' major shareholders?

Top institutional shareholders of Clean Energy Fuels include Dimensional Fund Advisors LP (4.52%), SIR Capital Management L.P. (1.24%), Point72 Asset Management L.P. (0.51%) and Rice Hall James & Associates LLC (0.46%). Insiders that own company stock include Andrew J Littlefair, Mitchell W Pratt and Barclay Corbus.
View institutional ownership trends.

How do I buy shares of Clean Energy Fuels?

Shares of CLNE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Clean Energy Fuels own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clean Energy Fuels investors own include Westport Fuel Systems (WPRT), Chesapeake Energy (CHKAQ), NVIDIA (NVDA), Ford Motor (F), OPKO Health (OPK) and XOMA (XOMA).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/25/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Gas & other services combined
• Sub-Industry: Oil & Gas Refining & Marketing
• Current Symbol: NASDAQ:CLNE
• CUSIP: 18449910
• CIK: 1368265
• Web: www.cleanenergyfuels.com
• Phone: (949) 437-1000
• Fax: 949-724-1397
• Employees: 500
• Year Founded: 1997

Price Target and Rating

• Average Stock Price Target: $5.38
• High Stock Price Target: $6.50
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +72.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.35)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-99,500,000.00
• Net Margins: -19.61%
• Pretax Margin: -19.69%
• Return on Equity: -8.75%
• Return on Assets: -5.25%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 3.17
• Quick Ratio: 2.82

Sales & Book Value

• Annual Sales: $425.16 million
• Price / Sales: 1.64
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $3.29 per share
• Price / Book: 0.95

Miscellaneous

• Outstanding Shares: 223,430,000
• Free Float: 215,226,000
• Market Cap: $697.10 million
• Optionable: Optionable
• Beta: 2.12