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Monday, September 21, 2020

Is Now the Time to Invest in Clean Energy Fuels Corp. (NASDAQ:CLNE)?

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The Clean Energy Fuels Corp. (CLNE) shares are trading at higher $2.54 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $3.75 and the low is $1.05. Over the last 52 weeks, CLNE is down -32.27% while the S&P 500 is down -1.19%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CLNE reported a profit of $33.07 million. Clean Energy Fuels Corp. also saw revenues increase to $86.01 million. In addition, CLNE has free cash flow of -$7.92 million as of 03-2020. The company’s EBITDA came in at $14.32 million which compares well with its peers.

CLNE booked profit margins of 9.40%, its Return on Equity (ROE) is 6.50%, and its Return on Assets is 4.50%. All told, it is clear that, CLNE needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CLNE has a short ratio of 0.58 and outstanding shares of 204.99M.

Company Outlook

CLNE has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.59 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.16. Clean Energy Fuels Corp. CLNE also noted assets of $764.45 million at the end of the last quarter. Investors should also keep an eye on sector updates as CLNE has historically followed its peers on positive news.

All told, Clean Energy Fuels Corp. CLNE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CLNE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Clean Energy Fuels Corp. CLNE is now commanding a market cap of 508.30M and a float of 132.71M. CLNE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CLNE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CLNE, either long or short, and we have not been compensated for this article.

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