Will CLNE stock go up?
Clean Energy Fuels Corp (NASDAQ:CLNE) The 10 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 6.00. The median estimate represents a +97.84% increase from the last price of 5.56.
Is it good to buy CLNE stock?
The financial health and growth prospects of CLNE, demonstrate its potential to underperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of D.
What's going on with Clean Energy Fuels?
The rally comes despite a weak financial performance, with the company recording no growth between 2017 and 2019 as sales stood at levels of around $340 million, with sales declining to about $290 million in 2020. Clean Energy Fuels has also remained largely unprofitable over its 14 years as a public company.
Is CLNE a shorted stock?
Short Shares Availability This table shows the number of shares of US:CLNE available to be shorted at a leading prime brokerage.
Is Clean Energy Fuels Corp profitable?
Clean Energy Fuels wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually expect strong revenue growth.
What is the price target for CLNE?
Stock Price Target CLNEHigh$27.00Median$11.00Low$6.00Average$12.65Current Price$5.53
Who owns Clean Energy Fuels?
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.
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 clean energy the same as renewable energy?
Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished. For example, sunlight and wind keep shining and blowing, even if their availability depends on time and weather.
Is Clne a short squeeze?
A short squeeze for Clean Energy Fuels occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of CLNE, which in turn drives the price of the stock up even further.
Is Clean Energy Fuels a buy right now?
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clean Energy Fuels in the last twelve months. There are currently...
When is Clean Energy Fuels' next earnings date?
Clean Energy Fuels is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for C...
How were Clean Energy Fuels' earnings last quarter?
Clean Energy Fuels Corp. (NASDAQ:CLNE) released its quarterly earnings results on Thursday, May, 5th. The utilities provider reported ($0.11) EPS f...
What price target have analysts set for CLNE?
6 brokerages have issued 1-year target prices for Clean Energy Fuels' stock. Their forecasts range from $6.00 to $27.00. On average, they expect Cl...
Who are Clean Energy Fuels' key executives?
Clean Energy Fuels' management team includes the following people: Mr. Andrew J. Littlefair , Co-Founder, Pres, CEO & Director (Age 61, Pay $1.6...
What is Andrew J. Littlefair's approval rating as Clean Energy Fuels' CEO?
34 employees have rated Clean Energy Fuels CEO Andrew J. Littlefair on Glassdoor.com . Andrew J. Littlefair has an approval rating of 44% among Cl...
Who are some of Clean Energy Fuels' key competitors?
Some companies that are related to Clean Energy Fuels include Marathon Petroleum (MPC) , Valero Energy (VLO) , Phillips 66 (PSX) , PBF Energy (...
What other stocks do shareholders of Clean Energy Fuels own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Clean Energy Fuels investors own include Westport Fuel Sys...
What is Clean Energy Fuels' stock symbol?
Clean Energy Fuels trades on the NASDAQ under the ticker symbol "CLNE."
What is CLNE gas?
Does social momentum drive stocks?
Compressed and liquefied natural gas provider Clean Energy Fuels (NASDAQ:CLNE) is known for serving the transportation industry. However, not every CLNE stock trader is overly concerned about what the company actually does. Source: ZikG / Shutterstock.com As you are probably already aware, we’re living in a time when some Reddit users have the power to move asset prices. Sometimes, they focus on particular stocks as short-squeeze targets. When Redditors set their sights on these so-called “meme
Is CLNE a big mover?
Social momentum is not a permanent driving force. It causes stocks to rise, but it can’t sustain stocks at unprecedented levels all on its own. Once hype dies, meme stocks go down. If a company caught up in this kind of trading isn’t solid on its own, its stock goes down … a lot. For sustained growth, you need companies with great fundamentals and core growth strategies. Every so often, companies doing well on their own will have their stock prices inflated when social media gets involved. But e
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Clean Energy Fuels (CLNE) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Trefis
In The Money: Groundhog Day: Mega-Cap Tech Stocks Out From the Shadows? Feb 02, 2022
Is RNG the easiest way to meet sustainability goals?
Trefis is an interactive financial community structured around trends, forecasts and insights related to some of the most popular stocks in the US. Whereas most finance sites simply give you the facts about where a stock has been and what a company has done in the past, Trefis focuses entirely on the future.
Is CLNE stock a whipsaw?
The company also said, “They’re finding that RNG is the easiest and most cost-effective way to meet sustainability goals .” The EPA lists “greenhouse gas emission reductions” as one of the benefits of RNG. Clean Energy has announced several partnerships that would help it scale up the business. The company also has a partnership with Amazon.
Now what
Like all other Reddit stocks, CLNE stock has also whipsawed. It made a 52-week high of $19.79 but currently trades below the $8 price level. The stock is trading flat for the year and has pared all of its 2021 gains.
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Plus, there's more than a fleeting possibility that Clean Energy stock will go up some more. After all, as Clean Energy explained on Monday, its five-year contract with L.A. Metro contains an option for the transit agency to extend the contract's duration for another three years. That's one future catalyst.
Is short interest on the rise?
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Does Thomas Niel have any positions in the securities mentioned in this article?
Yes, short interest may be on the rise. But that may not guarantee a squeeze. Instead, if the Reddit stock phenomenon fails to crop up again and those long the stock today look to cash out, prices are more likely to pull back into the single digits rather than make another run toward $20.
Can you scoop up CLNE stock?
On the date of publication, Thomas Niel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Is CLNE stock running out of gas?
With its true potential still years away from realization, unless the crowded short-side blinks before the retail traders long the stock do, you may have the ability to scoop up CLNE stock at much lower prices down the road.
Besides losing popularity among the meme crowd, a competitor's announcement is helping drive this alternative fuel stock lower
The Reddit rally in CLNE stock may be running out of gas. But it’s certainly not running out gas with its underlying business (pun intended). That is, as it is now primarily a purveyor of RNG, its future remains bright. The humor derived from a major source of RNG (animal waste) may be part of the reason this stock has caught on with the r/WallStreetBets community.
What happened
A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236
So what
Failing to fuel investors' enthusiasm, Clean Energy Fuels ( NASDAQ:CLNE) appears to have been running on empty over the past few days. During the holiday-shortened trading week, shares of Clean Energy Fuels are down 13.9% as of the market close on Thursday.
Now what
Although Clean Energy Fuels is probably a long familiar name to those who follow the renewable energy industry, it may also be recognizable to those who have taken an interest in meme stocks. Last month, the stock found itself on the lips of the Reddit crowd; consequently, shares nearly doubled over a two-week period.
