![]() ![]() Moreover, the company has largely generated losses over the past several years. While the company's gas volumes have grown over the years, the same can't be said about its revenue and profits.Ĭlean Energy Fuels' revenue over the last five years is on a slight downward trend - an alarming sign. Roughly 60% of all the natural gas that Clean Energy Fuels supplies comes from renewable sources. ![]() Instead, it purchases it from third-party suppliers. The company does not produce natural or renewable natural gas itself. Renewable natural gas is derived from organic waste at landfills, wastewater treatment facilities, and other places that collect decomposing organic matter. Operations and performanceĬlean Energy Fuels primarily sells liquefied natural gas, compressed natural gas, and renewable natural gas through its own chain of fueling stations as well as through customer-owned stations. Let's see if Clean Energy Fuels stock is a buy at current levels. ![]() Some recent developments have made investors more excited about the company's prospects. The share price of renewable natural gas seller Clean Energy Fuels ( CLNE -13.30%) has zoomed upward by nearly 325% in just the last three months. Based on this, almost all renewable energy companies are getting increasing investor support. Renewable energy companies will have an increasingly bigger role in meeting the world's energy needs as it transitions away from fossil fuels. ![]()
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