The Price to Earnings ratio or P/E is price divided by earnings.
…
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Similarly, What is Clne target price?
Stock Price Target CLNE
| High | $ 27.00 |
|---|---|
| Median | $ 11.00 |
| Low | $ 8.00 |
| Average | $ 15.22 |
| Current Price | $ 7.56 |
Is Clean Energy Fuels Corp 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.
Thereof, Does Clne have a future?
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.
Who owns Clean Energy Fuels Corp?
Andrew J. Littlefair serves as President and CEO of Clean Energy, the leading provider of renewable natural gas (RNG) fuel for transportation in North America, with a network of approximately 550 stations across North America.
What does Clne company do?
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the leading provider of natural gas fuel for transportation in North America.
Who is invested in Clne?
Top 10 Owners of Clean Energy Fuels Corp
| Stockholder | Stake | Total change |
|---|---|---|
| BlackRock Fund Advisors | 5.01% | +2.59% |
| SSgA Funds Management, Inc. | 4.74% | -20.84% |
| The Vanguard Group, Inc. | 4.07% | -1.04% |
| Dimensional Fund Advisors LP | 3.21% | -0.73% |
When did Clne go public?
for $21 million and the company name is changed to Clean Energy Fuels Corp. Clean Energy Fuels goes public on May 25 (NASDAQ: CLNE), raising $138 million.
Is clean energy really clean?
Is Clean Energy Really Clean? All clean energy sources are, by definition ‘clean,’ however not all renewable energy sources are clean. For example, burning wood from sustainably managed forests can be renewable, but it is not clean since this releases carbon dioxide into the atmosphere.
Is Clne renewable?
Clean Energy Fuels Corp. is a renewable energy company.
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.
How do you make natural gas renewable?
Biogas recovery systems at livestock operations can be used to produce RNG. Animal manure is collected and delivered to an anaerobic digester to stabilize and optimize methane production. The resulting biogas can be processed into RNG and used to fuel natural gas vehicles or produce electricity.
How many shares of Clne does total own?
Clean Energy Fuels Corp (US:CLNE) has 404 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 117,997,455 shares.
What is the problem with renewable energy?
Renewable energy sources generate most of their energy at certain times of the day. Its electricity generation does not match with the peak demand hours. The intermittency of sunshine and wind cannot provide an on-demand power source 24 hours a week. Solar energy and wind are unpredictable.
Why is green energy clean?
Green energy is important for the environment as it replaces the negative effects of fossil fuels with more environmentally-friendly alternatives. Derived from natural resources, green energy is also often renewable and clean, meaning that they emit no or few greenhouse gases and are often readily available.
What is the difference between dirty energy and clean energy?
Clean energy refers to any source of power that does not pollute or harm the environment and focuses on reducing carbon emissions as a method of counteracting “dirty energy.” Dirty energy is generated by burning fossil fuels such as coal, and as a result, releases carbon pollution which warms the atmosphere and alters …
When was Clne founded?
The company was founded by T. Boone Pickens and Andrew J. Littlefair in 1996 and is headquartered in Newport Beach, CA.
What is RNG clean energy?
Renewable Natural Gas (RNG) is a transportation fuel made from organic waste. It drastically reduces carbon emissions, and unlike conventional natural gas, RNG is not a fossil fuel and does not involve drilling.
What is a clean fuel source?
Clean fuels are produced from a variety of feedstocks, such as agricultural and forest biomass, waste materials, electricity, and fossil fuels with carbon capture and storage.
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.
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.
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.
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