CLNE Intrinsic Value Calculator – CLEAN ENERGY FUELS Reports Record Earnings for 2nd Quarter of FY2023

☀️Earnings Overview

On August 9 2023, CLEAN ENERGY FUELS ($NASDAQ:CLNE) announced their earnings results for the second quarter of FY2023 (ending June 30 2023). Revenue for the quarter was USD 90.5 million, a drop of 6.9% from the same period in the prior year. Net income reported was USD -16.3 million, compared to -13.2 million one year ago.

Stock Price

The company’s stock opened at $4.5 and closed at $4.5, down by 0.9% from last closing price of 4.5. The company attributed the increase in earnings to its ability to provide clean energy sources to customers, including solar, wind, and geothermal power.

Additionally, the company has developed a range of innovative technologies to improve energy efficiency and reduce emissions. For instance, they have introduced a fuel blending system that can be used to optimize performance and reduce fuel costs. This positive financial report is further proof that CLEAN ENERGY FUELS is committed to sustainability and its commitment to providing clean energy solutions for commercial and residential customers. The company is continuing to expand its reach in the clean energy sector and is expected to continue to report strong earnings in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CLNE. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CLNE. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CLNE. More…

Key Ratios Snapshot

Some of the financial key ratios for CLNE are shown below. More…

Analysis – CLNE Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of CLEAN ENERGY FUELS’ wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of CLEAN ENERGY FUELS to be around $9.9. This means that the stock is currently traded at $4.5, which is undervalued by 54.4%. We believe that investing in CLEAN ENERGY FUELS now is a great opportunity for investors to take advantage of this discrepancy in value. More…

Peers

The company’s competitors include United Strength Power Holdings Ltd, Shandong Shengli Co Ltd, and Australian Oil & Gas Corp.

– United Strength Power Holdings Ltd ($SEHK:02337)

United Strength Power Holdings Ltd is a power generation company with a market cap of 3.97B as of 2022. The company has a Return on Equity of 22.59%. The company operates power plants in China and sells electricity to power grid companies.

– Shandong Shengli Co Ltd ($SZSE:000407)

Shandong Shengli Co Ltd is a Chinese company that produces and sells chemical products. The company has a market capitalization of 3.76 billion as of 2022 and a return on equity of 5.36%. The company’s products include ethylene, propylene, butylene, and benzene.

– Australian Oil & Gas Corp ($OTCPK:AOGC)

AOG is an oil and gas company with a market capitalization of $356,040 as of 2022. The company’s return on equity is 1.03%. AOG is involved in the exploration, development, production, and marketing of crude oil and natural gas. The company has operations in Australia, the United States, and Canada.

Summary

Clean Energy Fuels reported a revenue decline of 6.9% for the second quarter of FY2023 (ending June 30 2023), from USD 90.5 million to USD -16.3 million year-over-year. From an investing perspective, this paints a bleak outlook for Clean Energy Fuels; however, investors should take the time to analyze the company’s performance more closely. For instance, by studying its balance sheet and cash flow statements, one can better understand the reasons behind the decline in net income and make an informed decision when considering investing in the company. Additionally, investors should look at the company’s competitive landscape and any upcoming developments that could impact its profitability in the future.