As of 1:17 PM on Tuesday, Feb 28th, Clean Energy Fuels Corp (CLNE) stock is down -1.13% while the S&P 500 is up 0.3%. CLNE is down -$0.07 from its previous closing price of $5.73, with 1,260,274 shares traded. The S&P 500 is down -8.68% year to date, while CLNE is down -22.01%. CLNE has lost -$0.22 per share in the last year.
Company Overview
Clean Energy Fuels Corp operates as a natural gas marketer and retailer in the United States and Canada. As an alternative fuel for cars, the firm offers compressed natural gas, liquefied natural gas, and renewable natural gas. The majority of income is earned in the United States and is mostly compressed natural gas. Natural gas is purchased from local utilities, compressed, cooled, or liquefied at company-owned plants, and sold through company-owned or customer-owned fuelling stations. Customers can also use the company’s natural gas filling stations, which it develops, runs, and maintains. Heavy-duty truckers, airports, public transportation, institutional energy users, and government fleets are among the company’s target customers.
Financial Performance
For the previous 90 days, Clean Energy Fuels earned a negative anticipated return.
Clean Energy Fuels has a history of high volatility and poor performance.
The prior year’s sales was 420.16 million, according to the business. The year’s net loss was (59.59 million), with a profit before overhead, payroll, taxes, and interest of 112.42 million. Company insiders own around 21.0% of the company’s stock.
CLNE Price Forecast and Price Target
Four Wall Street analysts tracking (NASDAQ: CLNE) shares agree that the stock is a Strong Buy.
3 (75%) analysts suggest CLNE as a Strong Buy, 0 (0%) recommend CLNE as a Buy, 1 (25%) recommend CLNE as a Hold, 0 (0%) recommend CLNE as a Sell, and 0 (0%) recommend CLNE as a Strong Sell.
The average CLNE price target among four Wall Street analysts that have set a one-year CLNE price target is $8.63, with the highest CLNE stock price forecast at $12.00 and the lowest CLNE stock price forecast at $5.50.
Wall Street experts anticipate that Clear Energy Fuels’ stock price will reach $8.63 by March 6, 2024. The average Clean Energy Fuels stock price projection predicts a potential 110.37% increase from the present CLNE share price of $4.10.
Conclusion
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