Bullish indicating open at $55-$60, IPO prices at $37
Clean Energy Fuels Corp. (NASDAQ:CLNE) stock has touched a 52-week low, dipping to $1.54, with technical indicators from InvestingPro suggesting oversold conditions. The company faces headwinds in a challenging market environment, with a market capitalization now at $354 million. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -39.46% and a concerning six-month decline of -48%. InvestingPro analysis indicates the stock is currently undervalued, with analysts setting price targets ranging from $2.80 to $22.00. Investors are closely monitoring the company’s performance, as the current market position could signal critical turning points for Clean Energy Fuel ’s strategic direction and financial health. The energy sector’s volatility and the broader economic factors at play will continue to influence the stock’s trajectory in the coming months. Despite current challenges, the company maintains a healthy current ratio of 2.67, indicating strong short-term liquidity. Discover more insights about CLNE and access comprehensive analysis with a InvestingPro subscription.
In other recent news, Clean Energy Fuels Corp. reported impressive financial results for the fourth quarter of 2024, with earnings per share (EPS) of $0.01, surpassing the forecasted loss of $0.0046. The company also exceeded revenue expectations, achieving $109.3 million against a projected $99.86 million. Despite this positive earnings performance, the company saw a reduction in its stock price target by Jefferies, from $4.00 to $2.80, while maintaining a Buy rating. Raymond (NSE:RYMD) James also adjusted its price target for the company to $4.00 from $5.00, continuing to endorse a Strong Buy rating. Additionally, Clean Energy Fuels announced the resumption of its stock buyback program, with approximately $26.5 million available for repurchasing shares. Analysts from Jefferies and Raymond James have highlighted the company’s potential for growth, particularly with the expansion into in-house production of renewable natural gas (RNG) and the strategic rollout of new engine technology. The company’s guidance for 2025 indicates a projected EBITDA between $50 million and $55 million, influenced by the expiration of certain tax credits and regulatory pressures.
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