(CLNE) Clean Energy Fuels - Ratings and Ratios

Clean Energy Fuels Corp. (NASDAQ:CLNE) is a leading provider of natural gas solutions for vehicle fleets, specializing in renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG). The company offers end-to-end fueling solutions, including the design, construction, and maintenance of fueling stations, as well as the sale and servicing of compressors and equipment for RNG production. CLNE also transports and sells natural gas through virtual pipelines and interconnects, leveraging government credits such as Renewable Identification Numbers (RINs) and Low Carbon Fuel Standards (LCFS) credits to enhance its revenue streams. A key focus area is the development of RNG projects, particularly from dairy and livestock waste, aligning with decarbonization trends in the energy sector. The company serves a diverse range of industries, including heavy-duty trucking, airports, refuse collection, public transit, and government fleets. Headquartered in Newport Beach, California, Clean Energy Fuels Corp. has been a pioneer in alternative fuels since its incorporation in 2001.

From a technical perspective, CLNEs stock is currently trading at $2.02, below its 20-day and 50-day Simple Moving Averages (SMA) of $3.01 and $2.89, respectively, but slightly above its 200-day SMA of $2.85. This indicates potential resistance near the 20-day and 50-day averages. The Average True Range (ATR) of 0.18 suggests moderate volatility, with potential price swings within a narrow range in the near term. The stocks average 20-day volume of 3.4 million shares reflects moderate trading activity.

Fundamentally, CLNE has a market capitalization of $451.38 million, with a forward P/E ratio of 17.70, indicating expectations for future earnings growth. The companys price-to-book (P/B) ratio of 0.84 suggests the stock is trading at a slight discount to its book value. However, the negative return on equity (RoE) of -11.65% highlights ongoing profitability challenges. The price-to-sales (P/S) ratio of 1.09 indicates reasonable valuation relative to its revenue.

3-Month Forecast

Technical Outlook: CLNEs stock is likely to face resistance at the 20-day SMA ($3.01) and 50-day SMA ($2.89). Support is expected near the 200-day SMA ($2.85). The ATR of 0.18 suggests price fluctuations within a range of $1.84 to $2.20 in the short term. A breakout above $3.01 could signal a bullish trend, while a drop below $2.85 may indicate further downside.

Fundamental Outlook: The companys focus on RNG and decarbonization projects positions it well for long-term growth, supported by government incentives and increasing demand for cleaner energy solutions. However, the negative RoE and high forward P/E ratio of 17.70 suggest that investors are pricing in future profitability improvements. CLNEs ability to expand its RNG production capacity and secure new fueling contracts will be critical drivers of its financial performance in the coming months.

Summary: Over the next three months, CLNEs stock is expected to remain range-bound, with potential upside driven by positive catalysts such as new RNG project announcements or improved earnings visibility. Investors should monitor technical resistance levels and fundamental developments in the companys RNG and fueling infrastructure business.