About Clean Energy Fuels Corp.
Let’s have a chat about the company stirring up some excitement in the alternative fuels arena and why it’s catching our eye for the CLNE stock forecast.
Business Overview
Clean Energy Fuels Corp. is the go-to for natural gas as an alternative fuel across vehicle fleets in the good ol’ US of A and Canada. They’re all about renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for those hefty truckers and medium rigs. But wait, there’s more! They don’t just dish out the gas; they’re out there building and keeping those CNG and LNG fueling stations up and running.
Beyond just being another gas company, Clean Energy Fuels is like that friendly neighbor who always has a backup plan in place, ensuring there’s a fleet-ready network of stations. They’ve been busy bees expanding their station setup and making headway in producing more RNG.
| Fuel Type | Use |
|---|---|
| RNG | Renewable gas for the planet-friendly crews |
| CNG | Compressed gas for the heavier hitters |
| LNG | Liquefied gas for those long-haul warriors |
Market Position
Clean Energy Fuels has carved out its very own niche in the quest for cleaner, eco-smart fueling options. They’ve joined hands with all sorts of vehicle fleets that vouch for their street cred. Lately, they’ve been all about cranking up RNG production, which has really helped them hold their own, even when times get tough (Nasdaq).
They had a killer third quarter, showing off a hot 9% revenue bump and hitting above expectations on earnings, which gave their stock a pop, rising 5% (Nasdaq). Selling 59.6 million gallons of RNG, that’s a step up from last year’s 56.7 million. Plus, they’re rocking solid numbers with a non-GAAP EPS and an adjusted EBITDA of $21.3 million in the third quarter of 2024.
Sure, there are whispers about stock value, but when it comes to strategic partnerships, bigger networks, and that RNG focus, Clean Energy Fuels is definitely one to watch in the green fuels scene.
For up-to-the-minute details on where they stand stock-wise or for the latest buzz, swing by our pages on clean energy fuels corp stock price and clne stock news.
Financial Analysis of CLNE
In this part, we’re gonna dig into Clean Energy Fuels Corp. (CLNE) and take a closer look at how they’re doing financially. We’ll check out their revenue, profit margins, debt, and cash flow—everything investors need to make sense of the stock’s future potential.
Revenue and Profit Margin
Clean Energy Fuels isn’t doing too shabby with their revenue, even if the profit side tells a different story. This year, they pulled in a total of $413.4 million in revenue while juggling a profit margin of -17.32%. To put it another way, they walked away with a net income hit of -$71.6 million and earnings per share chilling at -$0.33 (Yahoo Finance). Some good news though: in the third quarter, their earnings actually grew with a 9% lift in revenue and a 20% better-than-expected earning report. This brought them to a non-GAAP positive EPS and an adjusted EBITDA of $21.3 million (Nasdaq).
Here’s a bite-size peek at their key numbers:
| Metric | Value |
|---|---|
| Revenue | $413.4 million |
| Profit Margin | -17.32% |
| Net Income | -$71.6 million |
| Diluted EPS | -$0.33 |
| Q3 Revenue Growth | 9% |
| Q3 Adjusted EBITDA | $21.3 million |
Curious about how they’ve been doing lately? Drop by our CLNE stock performance article for more deets.
Debt and Cash Flow
Getting the lowdown on CLNE’s debt and cash flow can really shine a light on their financial health. Latest reports show that Clean Energy Fuels Corp. is sitting on a $243.52 million pile of cash. On the flip side, they’ve got some debt with a debt-to-equity ratio cruising around at 50.06% and a levered free cash flow of -$5.41 million (Yahoo Finance).
| Metric | Value |
|---|---|
| Total Cash | $243.52 million |
| Total Debt to Equity | 50.06% |
| Levered Free Cash Flow | -$5.41 million |
Although the third quarter earnings looked promising, valuation blues linger for those eyeing investments. The stock’s taken a nosedive over 24% in 2024, not quite up to snuff with its industry or the S&P 500 (Nasdaq).
Keep tabs on the latest with our pages for clean energy fuels corp stock price and clne stock news.
By zeroing in on these financial yardsticks, investors can size up whether CLNE’s place in their investment playbook fits the bill. For a broader picture on where the company’s heading, take a gander at our section on future prospects for CLNE.
Analyst Forecasts for CLNE
Average Price Target
Let’s chat about where Clean Energy Fuels Corp. (CLNE) is heading, according to some folks who spend their days crunching numbers. Many are giving it the big thumbs up! Reputable sources, like Yahoo Finance, report the average price target stands at $5.38. That’s a potential pop of 99.81% in the stock’s journey upwards. Sounds like these pros have their eye on the prize, confident about the company’s potential road to success. Here’s a glimpse at what some of these analysts are thinking:
| Analyst | Price Target ($) |
|---|---|
| Analyst 1 | 5.50 |
| Analyst 2 | 5.25 |
| Analyst 3 | 5.40 |
| Average | 5.38 |
Recommendation Trends
So, what are folks saying about CLNE lately? It’s buzzing with positivity! Recently given a Zacks Rank #1 (Strong Buy), this upgrade tells us there’s a lot of excitement surrounding its earnings forecast. This vibe is reflected in the recent push to buy it over its competitors, ranking CLNE 2nd among oil and gas picks according to experts. Here’s a peek into the latest recommendation trends:
| Recommendation | Count |
|---|---|
| Strong Buy | 5 |
| Buy | 10 |
| Hold | 7 |
| Sell | 0 |
| Strong Sell | 0 |
Seems like the consensus is keeping it or snapping up more, with not a peep about selling.
For deeper dives, swing by our pages on clean energy fuels corp stock price and clne stock news for all the latest insights.
Future Prospects for CLNE
Growth Strategies
As we chew over what’s next for Clean Energy Fuels Corp. (CLNE), there are some bright ideas that might fuel their future success. Here’s the scoop:
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Rev Up LNG Production: Clean Energy Fuels just wrapped up building a third production train at its LNG plant, cranking up production capacity by 50% (Yahoo Finance). They’re now rolling out up to 270,000 gallons of LNG each day, which should keep up with the growing clamor from industries eager to slash carbon emissions.
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Teaming Up: Teamwork makes the dream work! Clean Energy Fuels is joining hands with big hitters and maybe even a government agency or two. These partnerships can expand their horizons and cement their status as a go-to for alternative fuel.
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Ramping Up RNG: They’re not stopping at LNG. Clean Energy Fuels is also upping their game with Renewable Natural Gas (RNG). This eco-friendly fuel jives perfectly with global goals to cut down carbon footprints.
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Fueling Station Growth: They’re on the map to grow their network of fuel stations, making it easier for both commercial fleets and folks like us to choose cleaner fuel.
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Focus Shift to Production: Instead of just hawking their stuff, switching gears to focus on production might give them more control, trim costs, and hopefully, boost those profit margins (Nasdaq).
Potential Challenges
Even with these growth strategies, Clean Energy Fuels Corp. has some bumps in the road to watch out for:
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Stock Market Blues: Stocks are a bit of a rollercoaster, and this year hasn’t been a fun ride. Their stock dropped over 24% in 2024, lagging behind both their peers and the S&P 500. That’s a confidence shaker, and might put a wrench in their plans to drum up more cash.
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Price Tag Woes: Despite snagging 9% more in revenue and a 20% beat in quarterly earnings, some folks still think the stock price is too high for what they’re bringing in. This could stick a fork in stock growth.
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Fuel Fight: The quest for domination is a tough one in the alternative fuel scene. With rivals jazzing up their own offerings, Clean Energy Fuels needs to keep its game tight with the latest tech and some smart partnerships.
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Rulebook Rumble: Battling the regulatory beast in various areas isn’t a walk in the park. Shifts in energy or environmental rules could really shake up the business plans and their profits.
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Counting Pennies: All those shiny new facilities and stations cost a pretty penny. Mindful spending and making sure they get their money’s worth will be key for sticking around.
Keep abreast of the latest happenings by visiting our sections on clne stock news and clne stock performance. Want the big picture? Peek into clean energy fuels corp stock price and clne alternative fuel company.
