Stock Price Forecast
The 9 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 +52.57% increase from the last price of 7.21.
Similarly, Is CLNE stock a good buy?
Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $7.99.
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.
Thereof, Is Clne a hold?
Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings).
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
| 5 | Strong Sell | 2.64% |
Is Clne undervalued?
(NASDAQ:CLNE) Suggests It’s 47% Undervalued.
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.
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.
Can I use clean energy gas?
Renewable natural gas (RNG) is a pipeline-quality gas that is fully interchangeable with conventional natural gas and thus can be used in natural gas vehicles. RNG is essentially biogas (the gaseous product of the decomposition of organic matter) that has been processed to purity standards.
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.
Why is renewable energy not sustainable?
Environmental sustainability means that it doesn’t do harm to the environment. That means that we need a positive energy balance to start with. If producing a renewable energy device costs more energy than it produces during its lifetime, it’s not sustainable because we’re a net consumer of energy.
Why is renewable energy not good?
It all comes down to cost and infrastructure. Ultimately, the biggest hindrance to the development of renewable energy is its cost and logistical barriers. Once the infrastructure for renewable energy sources grows, we will see it take off in popularity and use.
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.
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.
Why is clean energy good?
Benefits of Renewable Energy
Generating energy that produces no greenhouse gas emissions from fossil fuels and reduces some types of air pollution. Diversifying energy supply and reducing dependence on imported fuels. Creating economic development and jobs in manufacturing, installation, and more.
What are dirty energy sources?
dirty energy (coal, oil, gas, destructive dams, nuclear power, unsustainable bioenergy and waste-to-energy). These forms of energy are destructive to the planet and are harmful to human health. and decentralized renewable energy solutions.
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.
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.
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