(CLNE) Clean Energy Fuels - Ratings and Ratios

Clean Energy Fuels Corp. is a leading provider of natural gas fueling solutions for medium and heavy-duty vehicles, offering a range of products and services that cater to the growing demand for cleaner energy alternatives. The company operates in the United States and Canada, supplying renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) to various industries, including transportation, industrial, and institutional energy users.

The companys comprehensive suite of services includes designing, building, and maintaining vehicle fueling stations, as well as selling and servicing equipment used in RNG production and fueling stations. Additionally, Clean Energy Fuels Corp. generates revenue by selling U.S. federal, state, and local government credits, such as Renewable Identification Numbers and Low Carbon Fuel Standards credits, which are obtained through its RNG production. The companys focus on developing dairy and livestock waste RNG projects positions it for potential growth in the renewable energy sector.

From a technical analysis perspective, the stocks current price is $1.60, with a 20-day simple moving average (SMA) of $1.47 and a 50-day SMA of $1.61, indicating a potential bullish trend. However, the 200-day SMA of $2.58 suggests that the stock is still in a long-term downtrend. The average true range (ATR) of 0.12, or 7.36%, indicates moderate volatility. Considering the fundamental data, the companys market capitalization is approximately $338.19 million, with a forward price-to-earnings ratio of 10.06, suggesting a relatively reasonable valuation.

Combining technical and fundamental analysis, a forecast for Clean Energy Fuels Corp. could be that the stock will experience a short-term bullish trend, potentially reaching $1.80-$2.00, driven by the companys growing RNG production and increasing demand for cleaner energy alternatives. However, the long-term downtrend and high volatility may continue to pose risks. If the company can continue to execute on its RNG projects and capitalize on government incentives, it may be able to sustain a longer-term uptrend, potentially targeting the $2.50-$3.00 range. Conversely, failure to execute or a decline in government support could lead to further declines, potentially testing the 52-week low of $1.32.