Analyst Future Growth Forecasts
Earnings vs Market: CLNE is forecast to become profitable over the next 3 years, which is considered above average market growth. High Growth Earnings: CLNE’s is expected to become profitable in the next 3 years.
Similarly, Is Clne a hold?
The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.
What does the company Clne do? Clean Energy Fuels (NASDAQ: CLNE), a company best known for collecting and transporting renewable natural gas that is produced from the organic waste collected at dairy farms and related sources, has seen its stock rise by about 15% over the last month (about 21 trading days).
Thereof, Who is the CEO of Clne?
Board of Directors
| Stephen A. Scully Chairman | Clean Energy Fuels Corp. |
|---|---|
| Andrew J. Littlefair President, Chief Executive Officer & Director | Hilltop Holdings, Inc., Avondale Acquisition Corp., The Ronald Reagan Presidential Foundation, NG Advantage LLC, Clean Energy Fuels Corp., Compressor Ventures |
Is LNG clean energy?
LNG is the cleanest-burning fossil fuel and has numerous environmental advantages, providing operators a smart, safe, and affordable way to meet regulations. This includes states with some of the strictest environmental regulations and labor laws, like California.
Is Clean Energy Fuels profitable?
Valuation Metrics
Clean Energy Fuels’ stock looks a little expensive at the moment. Despite its forward enterprise-value-to-EBITDA ratio being only 17.4x compared to its five-year average of 18.6x, its price-to-normalized-earnings ratio is a whopping 232x, and the company has a spotty record of profitability.
Why is LNG becoming more popular?
LNG is growing rapidly in popularity due to the reasons mentioned above, such as the multitude of uses and the advantages that it offers; however, it is also growing in popularity due to the overall rise in natural gas production.
Does LNG replace coal?
But whether or not LNG will be used to replace coal and other polluting sources of energy is a cause for concern. Tam Wu says LNG from B.C. might not replace coal at all in current industrial operations. Instead, it could be used to expand operations.
Which country is the largest exporter of LNG?
Australia and Qatar are currently the major exporting countries of LNG, followed by the United States, which has an annual capacity of 71.6 million metric tons.
Is Clne a shorted stock?
Short Shares Availability
This table shows the number of shares of US:CLNE available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest.
Who owns Clean Energy Fuels Corp?
Entrepreneur and energy pioneer T. Boone Pickens and current Clean Energy President and CEO Andrew Littlefair had a vision they felt could change this country for the better. The idea behind natural gas fuel was two-fold: a greener planet and energy independence.
Who owns Clean Energy?
Littlefair is President and CEO of Clean Energy, a company he co-founded with T. Boone Pickens in 1997. Previously, Mr. Littlefair served as Vice President of Public Affairs at MESA Inc., then one of America’s largest independent producers of natural gas.
What is LNG price today?
Performance Outlook
| Previous Close | 137.96 |
|---|---|
| Bid | 139.53 x 1000 |
| Ask | 140.75 x 800 |
| Day’s Range | 135.67 – 141.75 |
| 52 Week Range | 71.90 – 149.42 |
Is natural gas being phased out?
While there are efforts to eventually phase out the use of natural gas, most experts are of the opinion this would likely not happen until 2040, at the earliest.
Is LNG better than oil?
LNG has proven to be better than any other fossil fuel for the environment, as it generates 30% less carbon dioxide than fuel oil and 45% less than coal. The combustion of natural gas evaporates much more quickly in the air, compared to traditional heavy fuel oils, leaving no particles or residue.
Who owns Clean Energy Fuels?
Littlefair is President and CEO of Clean Energy, a company he co-founded with T. Boone Pickens in 1997. Previously, Mr. Littlefair served as Vice President of Public Affairs at MESA Inc., then one of America’s largest independent producers of natural gas.
Who buys LNG?
South Korea was the leading importer of liquefied natural gas (LNG) from the United States between February 2016 and November 2021, at some 1.4 trillion cubic feet. During that period of time, the U.S. exported one trillion and 865 billion cubic feet of liquefied natural gas to Japan and China, respectively.
Where is the largest LNG market located?
Japan has been the world’s largest LNG market for decades. The country’s utilities and trading houses underpinned decades of LNG supply growth, signing long-term contracts that formed the bedrock of the industry.
What is the problem with LNG?
New LNG projects have considerable risks of being stranded assets prior to the operating life being complete.” Part of the problem with LNG is that it is no longer considered compatible with the goals to reduce greenhouse gas emissions in order to head off catastrophic climate change.
Is LNG sustainable?
LNG is the cleanest fossil fuel. In the context of the current energy transition sought by the European Commission, it represents an excellent alternative to reduce greenhouse gas emissions and help combat global warming.
Why is natural gas so bad?
Climate change
While natural gas is a cleaner burning resource than coal and liquid petroleum, it still emits a large amount of carbon into the atmosphere in the form of both CO2 and methane.
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