CLNE Stock Summary and Trading Ideas (Clean Energy Fuels Corp. | NASDAQ:CLNE)

Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas, and renewable natural gas as an alternative fuel for vehicles. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The company operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. The company also builds, operates, and maintains natural gas fueling stations for customers. The company's target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.

Clean Energy Fuels Corp. trades on the NASDAQ stock market under the symbol CLNE.

As of April 18, 2024, CLNE stock price declined to $2.24 with 1,287,294 million shares trading.

CLNE has a beta of 1.60, meaning it tends to be more sensitive to market movements. CLNE has a correlation of 0.19 to the broad based SPY ETF.

CLNE has a market cap of $499.31 million. This is considered a Small Cap stock.

Last quarter Clean Energy Fuels Corp. reported $107 million in Revenue and $.01 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.01.

In the last 3 years, CLNE stock traded as high as $14.50 and as low as $2.21.

The top ETF exchange traded funds that CLNE belongs to (by Net Assets): VTI, IWM, XOP, VXF, IWN.

CLNE has underperformed the market in the last year with a price return of -50.0% while the SPY ETF gained +22.3%. CLNE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.1% and -10.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

CLNE support price is $2.21 and resistance is $2.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLNE stock will trade within this expected range on the day.