|Bid||2.6700 x 1400|
|Ask||2.6800 x 1400|
|Day's Range||2.6300 - 2.7200|
|52 Week Range||1.6100 - 3.4700|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.50|
Clean Energy Fuels Corp. announced today it will release financial results for the second quarter of 2019 on Thursday, August 8, 2019 after market close, followed by an investor conference call at 4:30 p.m.
Clean Energy Fuels Corp. (Nasdaq: CLNE), the leading provider of natural gas fuel for transportation in North America, welcomed city officials, community leaders, and environmental advocates to the opening of its newest natural gas fueling station in Hunts Point—the first station in New York City to exclusively offer renewable natural gas (RNG) for medium- and heavy-duty vehicle fleets. “A few blocks from here is Hunts Point Market, the largest food distribution center of its kind in the world, resulting in approximately 15,000 truck trips per day,” said Chad Lindholm, vice president of sales for Clean Energy.
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Plug Power (NASDAQ:PLUG) has had a long and unsuccessful run on the capital markets. Plug stock started trading in 1998 around $120 per share (split-adjusted) and ran up to as high as $1,500 per share over the next couple of years.But the price collapsed shortly thereafter and has never recovered. Shares dropped under $10 in 2008, and PLUG stock would fall to as low as 13 cents earlier this decade. In 2014, PLUG stock briefly spiked to $10, but that rally failed as well and shares are back down to $2 now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis is a classic sort of boom and bust trading pattern of many small NASDAQ companies. They labor on for many years, hoping to commercialize some new or improved technology with limited success.Plug Power fits the mold. It has been able to generate a fair amount of revenue over the years. But it has never reached a point of achieving consistent profits; in general, its margins have been too low for the business to ever take off. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 Huge Ongoing LossesDespite scaling up its revenues dramatically, there is little evidence that Plug Power is about to become a viable profitable business. From 2013 to 2018, Plug Power has increased its revenues from $25 million to $175 million. Gross profit, however, only flipped from a small loss to a gain of $2.6 million in 2018.Normally, if revenues go up sevenfold, you'd expect it to do more for your profit margins. Making $2.6 million in profit on your goods sold off of $175 million is rather lackluster.The company spends about $40 million per year on overhead. On top of that, it is spending around $30 million per year on R&D. Thus, while it only makes a gross profit of less than $3 million, it has more than $70 million in other costs that it has to fund each year to keep the business operating and competitive.Throw in more expenses, such as interest on the company's rising debt load, and annual losses approach $100 million per year. This figure has been spiking upward recently, even as revenues have gone up dramatically.As such, there's simply not much evidence that Plug Power's current business model is anywhere close to a trajectory needed to eventually become a solid business for PLUG stock owners. Hydrogen Still Is an Issue for Plug PowerThere are niche markets where hydrogen fuel cells are already practical products with viable use cases. But much of the enthusiasm for this sort of stock comes from the idea that hydrogen is going to go mainstream. Some folks, such as the people who publish Capitalist Exploits suggest that hydrogen is about to take off.They say hydrogen stocks will boom over the next five to ten years and investors have to get in now before the market surges.I don't buy their argument. If you read the full report, much of it is about the potential for future hydrogen fuel cell usage in mass markets such as transportation vehicles. But this market has already existed, to a limited extent, for the past decade and is showing little sign of reaching an inflection point now.If anything, electric vehicles are making it harder for hydrogen to take off. How many alternatives to internal combustion engine vehicles is the market going to support at once?It's worth considering that we've seen this movie before. A decade ago, billionaire Boone Pickens heavily pushed natural gas-powered vehicles. The Clean Fuels (NASDAQ:CLNE) company was a multi-billion market cap outfit that intended to take natural gas cars mainstream. It didn't work out, however. Despite natural gas fuel being both cheaper and cleaner than gasoline, the savings weren't sufficient to cause a mass shift.Hydrogen faces many more obstacles than natural gas did in trying to go mainstream. Hydrogen is more dangerous - see this station blowing up recently, for example, which led Toyota (NYSE:TM) to stop selling its hydrogen models. Stations using hydrogen cost much more to build than gas stations or electric charging facilities. And outside of a few markets like California, there isn't enough hydrogen infrastructure in place. PLUG stock could get a big boost if hydrogen vehicles get popular. But I'd bet heavily that they won't over the next few years. PLUG Stock VerdictCompetitor FuelCell Energy (NASDAQ:FCEL) got rid of its CEO and hired a restructuring firm earlier this month. That strongly implies the possibility that FuelCell will be going bankrupt shortly. That's even with them announcing a new deal with ExxonMobil (NYSE:XOM) recently. FCEL stock is down to 22 cents, and has lost 99% of its value over the past year.FuelCell's collapse has served as another reminder of the difficulty of taking hydrogen mainstream. There's a huge difference between having a cool technology that works in a lab, and having something that you can sell in the mass market profitably.Now, Plug Power isn't about to follow FuelCell's path. At least not yet. Plug Power's market cap is still over $500 million, meaning that it has plenty of ability to keep issuing new shares to fund its ongoing losses. Still, one must wonder how long the market will keep tolerating Plug Power's unending string of massive cash burn.After twenty years on the public markets, it's increasingly hard to think that the company's business model will ever turn into a significant success for its shareholders.At the time of this writing, Ian Bezek owned XOM stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Revenue Numbers Aside, There's No Good Reason to Buy PLUG Stock appeared first on InvestorPlace.
Andrew Littlefair became the CEO of Clean Energy Fuels Corp. (NASDAQ:CLNE) in 2001. This report will, first, examine...
The company's recent deal with Clean Energy Fuels will make renewable natural gas the centerpiece of its transition to low-carbon fuels.
UPS Inc. (NYSE: UPS) said May 22 that it placed the largest order for renewable natural gas (RNG) in U.S. history with the purchase of 170 million gallon equivalents of the alternate fuel over the next seven years. Under the deal, the Atlanta-based transport and logistics giant will pay Clean Energy Fuels, (NASDAQ: CLNE) one of the nation's leading natural gas suppliers, for the energy, which will be used to run the natural gas-powered delivery vehicles in the UPS fleet. UPS has 6,100 natural gas vehicles operating in nine countries, including the U.S. The cost for the fuel, in present-day dollars, is around $95 million.
UPS says its deal with Clean Energy Fuels involves buying 170 million gallon equivalents of renewable natural gas.
The company's operations consumed a lot of cash to start 2019, but strong volume growth, improvements in its operations, and a big-oil partnership bode well.
On a per-share basis, the Newport Beach, California-based company said it had a loss of 5 cents. Losses, adjusted for non-recurring costs and stock option expense, were 1 cent per share. The provider of ...
Clean Energy Fuels Corp. today announced its operating results for the first quarter of 2019.
The demand for clean, cost-effective renewable natural gas (RNG) as a transportation fuel continues to rise as Clean Energy Fuels Corp. (Nasdaq: CLNE) announced it has reached agreement with trucking firms to lease or purchase more than 250 new heavy-duty trucks, fueled by its Redeem™ RNG. Clean Energy’s Zero Now program makes the cost of leasing or purchasing a new natural gas heavy-duty truck equal to the price or even lower than that of the same truck equipped with a diesel engine. With financing made available by Zero Now, along with grant programs available in many states, trucking companies are rolling out trucks equipped with the new Cummins-Westport (CWI) ultralow NOx ISX12N natural gas engine, which provide the same torque and reliability as their diesel counterparts.
Unless you borrow money to invest, the potential losses are limited. But if you pick the right business to buy shares in, you can make more than you can lose. Take, for example Clean Energy Fuels Corp. (NASDAQ:CLNE). Its...
Clean Energy Fuels Corp. announced today it will release financial results for the first quarter of 2019 on Thursday, May 9, 2019 after market close, followed by an investor conference call at 4:30 p.m.
Clean Energy Fuels is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
HENDERSON, NV / ACCESSWIRE / April 8, 2019 / As of 2016, global investment in energy efficiency was at $231 billion, as stated by International Energy Agency. That number could grow as Canada just pledged ...