Last Updated: 13 Nov 2024
Executive Summary
Clean Energy Fuels Corp. (CLNE), a provider of renewable natural gas (RNG) and other alternative fuels, has a market capitalization of $659.2 million. Despite a negative trailing EPS of -$0.36, the company has a PEGRatio of 2.42, indicating potential for future growth. Analysts have a bullish outlook, with 3 Strong Buy and 6 Buy ratings. The current stock price of $2.95 is above the 50-day moving average of $2.95 but below the 200-day moving average of $2.767.
Company Overview
Clean Energy Fuels Corp. is headquartered in Newport Beach, California, and provides a range of alternative fuels, including RNG, hydrogen, and electric charging. The company operates over 550 fueling stations across the United States and Canada.
Fundamental Analysis
Revenue: Revenue for the trailing twelve months (TTM) was $413.4 million, showing a modest growth of 0.097% year-over-year.
Profitability: The company has been experiencing losses, with a negative profit margin of -0.173% and an operating margin of -0.0813%.
Valuation: CLNE is trading at a forward PE of 20.2, which is higher than the industry average. However, the price-to-sales ratio of 1.595 and price-to-book ratio of 0.955 indicate a relatively low valuation compared to peers.
Technical Analysis
Trend: The stock is currently trading in a downtrend, with the price below both the 50-day and 200-day moving averages.
Support and Resistance: Key support levels are at $2.17 (52-week low) and $2.767 (200-day moving average). Resistance levels are at $4.125 (52-week high) and $3.244 (book value).
Momentum: The Relative Strength Index (RSI) is at 42.5, indicating a neutral momentum.
Short Term Outlook
In the short term, the stock may continue to trade within the current range between $2.17 and $3.244. A break above the 200-day moving average could signal a potential reversal of the downtrend.
Long Term Outlook
Analysts are optimistic about CLNE's long-term prospects due to the growing demand for alternative fuels. The company's focus on RNG and its expanding network of fueling stations could drive future growth.
Analyst Recommendations
Strong Buy: 3 analysts
Buy: 6 analysts
Hold: 1 analyst
Sell: 0 analysts
Strong Sell: 0 analysts
The consensus analyst target price is $7.28, implying a potential upside of over 146% from the current price.
Conclusion
Clean Energy Fuels Corp. is a company with a promising long-term outlook in the alternative fuels sector. While the company is currently facing profitability challenges, analysts are optimistic about its potential for growth. Investors should monitor the company's financial performance and technical indicators to assess potential entry and exit points.
