Bullish indicating open at $55-$60, IPO prices at $37
Clean Energy Fuels (TSX:EFR) Corp. (NASDAQ:CLNE) stock has reached a 52-week low, trading at $1.79, with technical indicators from InvestingPro suggesting the stock is in oversold territory. The company, with a market capitalization of $404 million, maintains strong liquidity with a current ratio of 2.67. This latest price point underscores a challenging period for the company, which has seen its stock value decline by 32.53% over the past year. With annual revenue of $416 million and a beta of 2.35 indicating higher volatility than the market, investors are closely monitoring the company’s performance. The current market conditions and industry-specific factors contribute to the stock’s downward trend, though analysis suggests the stock may be undervalued. The 52-week low serves as a critical indicator for potential investors, reflecting the market’s valuation of the company’s prospects and the broader sentiment towards the renewable energy sector. Discover 12 additional key insights about CLNE with an InvestingPro subscription.
In other recent news, Clean Energy Fuels Corp reported its fourth quarter 2024 earnings, which exceeded expectations with an earnings per share (EPS) of $0.01, surpassing the forecasted loss of $0.0046. The company’s revenue also outperformed projections, reaching $109.3 million against an expected $99.86 million. Despite these positive results, Jefferies and Raymond (NSE:RYMD) James both adjusted their price targets for Clean Energy Fuels, with Jefferies lowering it to $2.80 while maintaining a Buy rating, and Raymond James reducing it to $4.00 but continuing to endorse the stock with a Strong Buy rating. Raymond James highlighted Clean Energy Fuels’ strategic shift towards renewable natural gas (RNG) production as part of its growth strategy, despite federal and state policy challenges. The company’s 2025 guidance, projecting an EBITDA between $50 million and $55 million, reflects the impact of the expiration of the Alternative Fuel Tax Credit (AFTC) and pressures on D3 Renewable Identification Numbers (RINs). Jefferies analyst Lloyd Byrne noted potential upside factors for the company, such as increased Low Carbon Fuel Standard (LCFS) credits and the possibility of AFTC reinstatement. Clean Energy Fuels plans significant investments in RNG projects, with capital expenditures projected at $104 million for 2025, as the company navigates evolving tax credits and environmental regulations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.