Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations. The company also designs, builds, operates, and maintains fueling stations; and sells and services compressors and other equipment that are used in RNG production and fueling stations. In addition, it transports and sells CNG, RNG, and LNG through virtual natural gas pipelines and interconnects; sells U.S. federal, state, and local government credits, such as RNG as a vehicle fuel, including Renewable Identification Numbers and Low Carbon Fuel Standards credits; and obtains federal, state, and local credits, grants, and incentives. Further, the company focuses on developing, owning, and operating dairy and other livestock waste RNG projects. It serves heavy-duty trucking, airports, refuse, public transit, industrial, and institutional energy users, as well as government fleets. As of December 31, 2021, the company served approximately 1,000 fleet customers operating approximately 48,000 vehicles; and owned, operated, or supplied approximately 548 fueling stations in 42 states in the United States and 25 fueling stations in Canada. Clean Energy Fuels Corp. was incorporated in 2001 and is headquartered in Newport Beach, California.
Clean Energy Fuels Trading Up 4.5 %
CLNE opened at $7.86 on Friday. The firm's fifty day moving average is $5.76 and its two-hundred day moving average is $6.28. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.72 and a current ratio of 3.00. The firm has a market cap of $1.75 billion, a PE ratio of -39.30 and a beta of 2.07. Clean Energy Fuels has a twelve month low of $4.02 and a twelve month high of $9.69.
Wall Street Analysts Forecast Growth
CLNE has been the topic of several research analyst reports. StockNews.com raised shares of Clean Energy Fuels from a "sell" rating to a "hold" rating in a research note on Monday, August 8th. Raymond James cut shares of Clean Energy Fuels from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Finally, Credit Suisse Group reduced their price objective on shares of Clean Energy Fuels to $12.50 and set an "outperform" rating on the stock in a research note on Tuesday, May 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.13.