(VIANEWS) – Clean Energy Fuels Shares Soar 10% in Successful Trading Session
Clean Energy Fuels (NASDAQ: CLNE) shares have experienced an extraordinary surge today, increasing by 10% to EUR4.84 at 10:41 EST after two consecutive sessions of gains, signalling another successful trading session so far. Meanwhile, the NASDAQ index also increased 0.52% from its prior close at EUR13,832.40 and continued its upward trajectory from the prior session.
Clean Energy Fuels’ last closing price was EUR4.40, 43.08% below its 52-week high of EUR7.73. However, investors appear confident about Clean Energy Fuels’ prospects; evidenced by an upswing in share price over recent sessions. It remains to be seen if this trend will continue over time.
About Clean Energy Fuels
Clean Energy Fuels Corp is an established provider of natural gas fuel and related solutions for vehicle fleets across both North America. The company provides an assortment of natural gas products for medium and heavy-duty vehicles, such as renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG). Additionally, this company provides operation and maintenance services for vehicle fueling stations; designs and builds fueling stations; sells and services compressors used for RNG production or fueling station equipment; as well as selling and servicing other related equipment used to make RNG. Clean Energy Fuels Corp. also transports and sells natural gas via virtual pipelines and interconnects, and sells government credits for using RNG as vehicle fuel. Focused on developing, owning and operating dairy and livestock waste RNG projects makes the company stand out in the market. Clean Energy Fuels Corp. serves a range of customers, such as heavy-duty trucking fleets, airports, refuse pickup, public transit systems and industrial/institutional energy users as well as government fleets. As of December 31st 2022 the company had approximately 1,000 fleet customers operating approximately 50,000 vehicles. Incorporated in 2001 with headquarters located in Newport Beach California
Yearly Analysis
Clean Energy Fuels’ stock is currently trading at EUR4.84, significantly below its 52-week high of EUR7.73 but above its 52-week low of EUR3.84. This may suggest that Clean Energy Fuels stock may have been oversold, offering investors an opportunity to purchase shares at reduced costs.
Clean Energy Fuels’ anticipated sales growth for this year stands at 3.4% and for next year it is anticipated to increase to 6.4% – signalling to investors that sales growth is anticipated at an acceptable pace over the next year.
EBITDA stands at 2.09 for this company, which indicates it is producing a profit after deducting interest, taxes, depreciation, and amortization expenses. Investors will find this indicator encouraging as it suggests the business has a healthy profit margin.
Clean Energy Fuels’ stock may offer investors who prioritize moderate sales growth and healthy profit margins an ideal investment opportunity; however, for any decision regarding an investment it is crucial that due diligence be performed first.
Technical Analysis
Clean Energy Fuels’ stock value has recently exceeded both its 50-day moving average (EUR4.60) and 200-day moving average of EUR4.93. Additionally, volume has fallen 2.81% below its average volume of 1,541,220; volatility remains relatively consistent, reaching high amplitudes of average volatility as high as 1.34% per week, 1.78% per month and 2.03% per quarter respectively; the stochastic oscillator classifies Clean Energy Fuels stock as being oversold (=20).
Quarter Analysis
Clean Energy Fuels’ current sales growth estimates for both quarters is negative 19.3% for this quarter and 7.8% for next quarter, suggesting significant declines. While these negative estimates might alarm investors, their meaning might lie elsewhere: These growth estimates suggest a short-lived dip that may soon reverse itself into positive sales growth in future quarters.
Clean Energy Fuels’ year-on-year quarterly revenue growth has dropped 6.9% year-on-year over its 12 trailing months, reaching 462.17M as of September 2018. This could indicate challenges generating revenue, potentially hampering its ability to grow long term.
Overall, investors should exercise caution when investing in Clean Energy Fuels due to its negative sales growth and revenue growth estimates. That being said, estimates show there could be an upswing in sales growth over time that makes Clean Energy Fuels attractive as an opportunity for those willing to take a longer-term view on investing. For optimal returns it’s essential to monitor Clean Energy Fuel’s financial performance as well as industry trends so as to make an informed decision when making your investment decision.
Equity Analysis
Clean Energy Fuels’ current trailing twelve months earnings per share (EPS) figure stands at EUR-0.34, signalling negative earnings and possibly suggesting that it may not be producing sufficient profits to finance its operations and pay dividends to shareholders.
Return on Equity (ROE) for the trailing twelve months was negative -10.75%, meaning it did not generate any profits from investments made by shareholders and thus raises concern that company operations may not currently be profitable.
Given Clean Energy Fuels’ financial performance indicators, potential investors should carefully examine its business model, growth prospects and competitive position before making an investment decision. Furthermore, keeping an eye on future earnings reports and financial performance updates could reveal any improvements in profitability.
More news about Clean Energy Fuels (CLNE).
