Bullish indicating open at $55-$60, IPO prices at $37
In a challenging year for the renewable energy sector, Clean Energy Fuel Corp. (CLNE) stock has touched a 52-week low, dipping to $2.17, with the current price at $2.05. According to InvestingPro analysis, the stock appears undervalued, with analyst price targets ranging from $4 to $22. This price level reflects a significant downturn, with the stock declining 11.15% in just the past week and showing high volatility with a beta of 2.18. Investors are closely monitoring Clean Energy Fuel’s strategies and market conditions, as the company navigates through the headwinds that have led to this low point. The market’s response to this new 52-week low could be a critical indicator of the stock’s near-term trajectory and investor sentiment towards the future of renewable energy investments. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of CLNE’s potential.
In other recent news, Clean Energy Fuels (NASDAQ:CLNE) Corp reported its fourth quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.01, while analysts had anticipated a loss. The company’s revenue also exceeded forecasts, reaching $109.3 million compared to the expected $99.86 million. Despite these positive earnings results, Raymond (NSE:RYMD) James adjusted the stock’s price target to $4.00, down from $5.00, while maintaining a Strong Buy rating, citing policy uncertainties as a factor. Analyst Pavel Molchanov from Raymond James emphasized the company’s strategic shift towards in-house production of renewable natural gas (RNG). Clean Energy Fuels reported a distribution volume of 237 million gallons of RNG for the year, marking a 5% increase from the previous year. The company plans significant capital expenditures in 2025, focusing on RNG projects, with an expected consolidated revenue of approximately $400 million for the year. Despite regulatory uncertainties that could impact future profitability, the company remains strategically positioned within the RNG market, leveraging its extensive network of fueling stations.
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