4 Reasons to Go Long On Clean Energy Fuels Corp. [CLNE]

Over the past three months, Clean Energy Fuels Corp. [CLNE] ended the trading day at $4.23 and exhibited a change of -3.86% with a 24 hour trading and reached upto the volume of 1.92M compared to its recorded trading volume of 2.36 million. CLNE generated a 1 year amount change with 127.42%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -5.58% with an amount shift of 71.95% over the last month.

On 5, November 2020, Clean Energy Reports 97.7 Million Gallons Delivered and Revenue of $70.9 Million for Third Quarter of 2020. According to news published on Yahoo Finance, Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for the third quarter of 2020.

Analyst Birdseye View:

The most recent analyst activity for Clean Energy Fuels Corp. [NASDAQ:CLNE] stock was on July 05, 2018, when it was Downgrade with an Underperform rating from Raymond James. On January 05, 2016, Raymond James Upgrade a Mkt perform rating. On October 24, 2014, Northland Capital Reiterated a Market perform rating and decreased its price target from $10 to $6. On October 17, 2014, MLV & Co Initiated a Hold rating and increased its price target to $8. On June 11, 2013, Northland Capital Resumed a Market perform rating and boosted its amount on this stock to $13. On March 11, 2013, Ascendiant Capital Markets Initiated a Buy rating and boosted its target amount on this stock to $15.50.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.05 and a peak of $5.25. Right now, according to Wall Street analyst the average 12-month amount target is $5.50. At the most recent market close, shares of Clean Energy Fuels Corp. [NASDAQ:CLNE] were valued at $4.23.

FUNDAMENTAL ANALYSIS

Clean Energy Fuels Corp. [NASDAQ:CLNE] most recently reported quarterly sales of 70.89 billion, which represented growth of -4.70%. This publicly-traded organization’s revenue is $851,090 per employee, while its income is $49,566 per employee. This company’s Gross Margin is currently 42.80%, its Operating Margin is 8.10%, its Pretax Margin is +4.03, and its Net Margin is +5.82. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.77, 3.92, 2.43 and 3.46 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 18.59 and the whole liability to whole assets at 15.67. It shows enduring liability to the whole principal at 9.43 and enduring liability to assets at 0.08 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 4.12 points at 1st support level, the second support level is making up to 4.00. But as of 1st resistance point, this stock is sitting at 4.38 and at 4.52 for 2nd resistance point.

Clean Energy Fuels Corp. [CLNE] reported its earnings at -$0.01 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.02/share signifying the difference of 0.01 and 50.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.03 calling estimates for -$0.03/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Clean Energy Fuels Corp. [NASDAQ:CLNE] is 2.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.65. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.37, it’s amount to book ratio is 0.90 and showing 26.60 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by SOCHA KENNETH M, Director, and it was the purchase of 5000.0 shares on Mar 16. ARDISANA LIZABETH A, the Director, completed a purchase of 10000.0 shares on Mar 13. On Mar 13, Vreeland Robert M., Chief Financial Officer, completed a purchase of 11000.0 shares.