Stock in Focus : Clean Energy Fuels Corp(NASDAQ:CLNE)

[BUSINESS WIRE] Clean Energy Fuels Corp. (NASDAQ: CLNE) (TREND ANALYSIS) today announced the sale of Clean Energy’s majority interest in its McCommas Bluff biomethane production facility located in Dallas, Texas, to minority interest owner Cambrian Energy for approximately $40.6 million with approximately $3.0 million in additional compensation pending further performance tests of the McCommas facility to be completed in early 2015. Clean Energy will continue to have the right to market and sell biomethane produced at the facility under its Redeem renewable natural gas (RNG) vehicle fuel brand. Cambrian Energy has been Clean Energy’s partner since Clean Energy bought into the McCommas project in August 2008.

“Buying the McCommas biomethane facility allowed Clean Energy to gain a valuable foothold in the renewable natural gas business. We are extremely proud of what we have accomplished at the project over the past six years, quintupling biomethane sales and providing for the long term financial stability that the project had historically lacked. We have successfully leveraged our success at McCommas into a greater knowledge of the entire supply chain and established a leadership position in the RNG fuel market. With McCommas remaining a RNG supplier, we will be able to focus our RNG business on Clean Energy Renewables’ core strength—marketing and selling alternative fuels,” said Harrison Clay, president of Clean Energy Renewables, a division of Clean Energy.

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Clean Energy Fuels Corp (NASDAQ:CLNE) reported third quarter earnings for fiscal year 2014 on October 23rd. The company reported actual earnings per share of $-0.3 against the consensus Street estimate of $-0.28. This represents a year-on-year decrease of earning per share of $-0.09 from corresponding quarter of last year. Clean Energy Fuels Corp posted revenue of $103.42 million versus estimate of $103.34 million.

The company is currently valued at $461.09 million and closed the last trading session at $5.12. The stock has 50-day moving average of $5.86 and a 200-day moving average of $8.57.

Clean Energy Fuels Corp (NASDAQ:CLNE) is currently trading 59.94% below its 52-week-high, 20.47% above its 52-week-low and in the range of $4.25-$6.66 over the past month. The 1-year range for the stock is $4.25-$12.78. Clean Energy Fuels Corp has a price to book ratio of 1.06 versus Nasdaq average of 4.66. The company’s share price has outperformed the Nasdaq year to date by over 2.54%.

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There are currently thirteen analysts that we track that cover the stock. Of those thirteen, three have a buy rating, seven have a hold rating, and three have a sell rating. On a consensus basis this yields to a score of 3 and a Buy. The consensus target price stands at $8.89 which represents an upside of 73.61% from the last closing price of $5.12.

The most recent analyst activity consisted of Raymond James maintaining their underperform stance. On the date of report, the stock closed at $5.12.

One of the most recent analyst activity consisted of Craig-Hallum Capital Group LLC reiterating their buy stance with a target price of $10, which represents an upside of 95.31% from the last closing price. On the date of report, the stock closed at $5.15.

Another research firm weighing in recently was MLV & Co maintaining their hold stance with a target price of $7, which corresponds to an upside of 36.72% from the last closing price. On the date of report, the stock closed at $5.15.

A third research firm weighing in recently was Lake Street Capital Markets LLC reiterating their buy stance with a target price of $15, which corresponds to an upside of 192.97% from the last closing price. On the date of report, the stock closed at $5.23.

Company Profile

Clean Energy Fuels Corp (NASDAQ:CLNE) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (CNG), and liquefied natural gas (LNG), delivered. The Company designs, builds, operates and maintains fueling stations and supply its customers with CNG fuel for light, medium and heavy-duty vehicles and LNG fuel for medium and heavy-duty vehicles. The Company also sells non-lubricated natural gas compressors and related equipment used in CNG stations and LNG stations, convert light and medium duty vehicles to run on natural gas, and produce renewable natural gas (RNG), which can be used as vehicle fuel or sold for power generation. In January 2014, Clean Energy Fuels Corp opened a liquefied natural gas (LNG) fueling station in Florida and America’s Natural Gas Highway stations in Pontoon Beach, Ill., and Fontana, Calif.

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