Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, as well as liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles. The company was founded in 2001 and is based in Newport Beach, California.
CLNE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CLNE, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Clean Energy Fuels Corp ranked in the 65th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Clean Energy Fuels Corp, consider:
97% of the company's capital comes from equity, which is greater than 86.74% of stocks in our cash flow based forecasting set.
The business' balance sheet suggests that 3% of the company's capital is sourced from debt; this is greater than only 13.22% of the free cash flow producing stocks we're observing.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than merely 17.53% of stocks in its sector (Energy).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
UGP, GMLP, KMI, PNRG, and RES can be thought of as valuation peers to CLNE, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Shares of Clean Energy Fuels (NASDAQ: CLNE) were up as much as 21.6% in trading on Thursday as the boom in renewable energy stocks continues. There wasn't any specific news out about Clean Energy Fuels today, but the market is up big and renewable energy stocks are surging across the board. On the policy front, companies like Clean Energy Fuels should see a benefit from a focus on cleaner energy.
What happened Shares of Clean Energy Fuels (NASDAQ: CLNE) popped 72.7% in December, according to data provided by S&P Global Market Intelligence, after Congress passed some helpful renewable energy subsidies.
Shares of Plug Power rose 19% in premarket trade after reaching a deal for SK Group to make a $1.5 billion strategic investment and form a joint venture company in South Korea. The investment will represent a roughly 10% stake in Plug Power, a hydrogen fuel cell maker.