Clean Energy Fuels Corp. Closes Down 1.64%, Is Now the Time to Pay Attention?
July 27, 2023
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Clean Energy Fuels ($NASDAQ:CLNE) Corp., a natural gas production and distribution company, recently closed its latest session at $4.81, representing a decrease of -1.64% from its previous closing price of $4.89. This news has left investors wondering whether it is now the time to pay attention to this company. Clean Energy Fuels Corp. is a publicly traded company that produces and distributes natural gas for transportation in the United States and Canada. It is the leading provider of natural gas fuel for heavy-duty and medium-duty vehicles in North America, with its customers ranging from trucking fleets, government entities, and other commercial users, such as airport shuttle services. The company has seen an increase in demand for its natural gas fuel in recent years, as there has been an increased focus on clean energy fuels and a growing awareness of their environmental benefits. Clean Energy Fuels Corp. has taken steps to ensure that their operations are safe and compliant with industry regulations and standards. The company also produces renewable natural gas, which is a low-carbon, renewable alternative to traditional petroleum-based fuels. This includes the company’s financial performance, market trends, and the overall outlook of the clean energy industry.
Additionally, investors must take into account the risks associated with investing in any stock, including Clean Energy Fuels Corp., before making a decision.
Analysis
At GoodWhale, we have conducted a thorough analysis of Clean Energy Fuel’s fundamentals. Our risk rating indicates that investing in Clean Energy Fuels is a medium risk investment when considering the financial and business aspects. We have also detected three risk warnings in the income sheet, balance sheet, and cashflow statement. To learn more, register on GoodWhale.com and check out our detailed report. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CLNE. More…
| Total Revenues | Net Income | Net Margin |
| 468.85 | -73.24 | -15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CLNE. More…
| Operations | Investing | Financing |
| 42.89 | -89.38 | 105.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CLNE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 365.86 | 3.12 |
Key Ratios Snapshot
Some of the financial key ratios for CLNE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.0% | – | -14.1% |
| FCF Margin | ROE | ROA |
| -5.7% | -5.8% | -3.9% |
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 Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The company’s stock has recently seen a decrease, closing at $4.81, down -1.64% from its previous closing price of $4.89. Investors should consider the long-term potential of Clean Energy Fuels as it continues to explore potentials for natural gas as a viable alternative fuel for vehicle fleets.
Analysts suggest that if the company is able to expand its offerings and capitalize on the growing demand for natural gas as a fuel option, Clean Energy Fuels may be an attractive investment opportunity. Investors should also be mindful of the industry competition and analyze the performance of the company’s peers when making an investment decision in Clean Energy Fuels.
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