Evercore ISI Group is very positive about CLNE and gave it a « » rating on Jan 27, 2022 . The price target was changed from 5.67 to 0.53.
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Predicted Opening Price for Clean Energy Fuels Corp. of Monday, April 18, 2022.
| Fair opening price April 18, 2022 | Current price |
|---|---|
| $7.31 | $7.22 (Undervalued) |
Similarly, Is Clne undervalued?
(NASDAQ:CLNE) Suggests It’s 47% Undervalued.
What is the forecast for Clne stock? Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Clean Energy Fuels Corp have a median target of 11.00, with a high estimate of 27.00 and a low estimate of 8.00. The median estimate represents a +31.11% increase from the last price of 8.39.
Thereof, Does Clne stock pay dividends?
No, the Company does not currently pay a dividend.
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.
Is CLNN a buy?
Clene has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, 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).
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.
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.
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.
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.
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 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 energy fuels go public?
(May 25, 2007) – Clean Energy Fuels, Corp. (NASDAQ: CLNE) today announced the pricing of its initial public offering of 10,000,000 shares of its common stock at a price to the public of $12.00 per share.
When was Clean Energy founded?
2002 // California Law Opens Door for Local Control
California Assembly Bill 117 passed, allowing groups of communities to purchase power on behalf of their residents and businesses, completely supported by revenues rather than taxpayer subsidies. The historic bill paved the road to cleaner energy access in California.
What kind of company is Clne?
Clean Energy Fuels Corp. is a renewable energy company. The Company is focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas, in the form of compressed natural gas (CNG) and liquefied natural gas (LNG), for the United States and Canadian transportation markets.
How much will gas cost in 2030?
Download our latest ENERGY Data Brief
| Year | Units | 2030 |
|---|---|---|
| Reference Scenario | $2020 USD per MMbtu | 3.40 |
| Evolving Scenario | $2020 USD per MMbtu | 3.24 |
Will energy prices fall in 2023?
No one knows exactly how wholesale energy prices will change in future. The forecasts for 2023 will almost certainly change, especially for the October 2023 cap given it is 18 months’ away. There are also likely to be policy changes to the cap this autumn, which could impact future price caps.
What is the highest natural gas price?
Historically, Natural gas reached an all time high of 15.78 in December of 2005. Natural gas – data, forecasts, historical chart – was last updated on April of 2022.
What will replace natural gas?
Hydrogen, the most abundant chemical element, is a clean alternative to natural gas, or methane. Hydrogen can be produced from a variety of resources, such as natural gas, nuclear power, biogas and renewable power like solar and wind.
What is the future of gas?
So, as a rough estimate, the numbers suggest a 32% drop in natural gas by 2035 and a 24% drop in crude oil production by 2040. The natural gas drop is based on a federal government goal, which will likely require a carbon-pricing mechanism to succeed.
What could replace natural gas?
The main alternatives to oil and gas energy include nuclear power, solar power, ethanol, and wind power.
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