Clean Energy Fuels Corp. (TSX:EFR) (NASDAQ: CLNE) has made a strategic investment decision in the innovative technology Rimere, aligning with the company’s focus on sustainable development. This investment decision comes at a time when Clean Energy’s financial data and market performance are attracting attention.
According to InvestingPro metrics, Clean Energy has a market capitalization of $689.14 million and a book-to-market ratio of 1.01 for the past twelve months as of Q3 2023, suggesting the fair value of the company in relation to its assets. However, the company’s revenues have been mixed, with an increase of 8.47% in the past twelve months as of Q3 2023, but a quarterly decrease of 23.96% in Q3 2023, indicating some volatility in its revenue streams.
InvestingPro highlights certain challenges for Clean Energy, including low gross profit margins and stock price volatility, which may be important factors considered by investors. Analysts have lowered earnings expectations for the near future and do not anticipate the company to generate profits this year. However, it is worth noting that Clean Energy operates with a moderate level of debt and its liquid assets exceed short-term liabilities, providing some financial stability.
For those interested in a more detailed analysis, additional InvestingPro Insights on Clean Energy Fuels Corp. can be found on their website at https://www.investing.com/pro/CLNE. Readers can utilize the coupon code PRONEWS24, which offers an additional 10% discount on an annual or two-year Pro and Pro+ subscription, unlocking further insights that can assist in investment decision-making.
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FAQ:
1. What investment decision has Clean Energy Fuels Corp. made?
Clean Energy Fuels Corp. has made a strategic investment decision in the innovative technology Rimere.
2. What is Clean Energy Fuels Corp.’s market capitalization?
Clean Energy Fuels Corp. has a market capitalization of $689.14 million.
3. What is the book-to-market ratio of Clean Energy Fuels Corp.?
Clean Energy Fuels Corp. has a book-to-market ratio of 1.01 for the past twelve months as of Q3 2023.
4. What were Clean Energy Fuels Corp.’s revenues?
Clean Energy Fuels Corp.’s revenues increased by 8.47% in the past twelve months as of Q3 2023, but decreased by 23.96% quarterly in Q3 2023.
5. What challenges does Clean Energy Fuels Corp. face?
Clean Energy Fuels Corp. faces challenges related to low gross profit margins and stock price volatility.
6. Does Clean Energy Fuels Corp. expect profits this year?
Currently, it is not anticipated that Clean Energy Fuels Corp. will generate profits this year.
7. What are the financial advantages of Clean Energy Fuels Corp.?
Clean Energy Fuels Corp. operates with a moderate level of debt, and its liquid assets exceed short-term liabilities, providing financial stability.
Definitions:
– Rimere: Innovative technology in which Clean Energy Fuels Corp. is investing.
– Market capitalization: The value of all the company’s shares listed on the stock market, multiplied by their current market price.
– Book-to-market ratio: The ratio of the market price of one share to the book value of one share.
– Revenues: The total financial income of a company from the sale of its products or services.
– Gross profit margin: The difference between sales revenue and production and trading costs.
– Stock price volatility: The degree to which the stock price of a company changes in a short period of time.
– Debt: The financial burden of a company due to incurred obligations.
– Liquid assets: Financial resources that can be quickly converted into cash.
– Short-term liabilities: Obligations that a company is required to repay within the next 12 months.
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The source of the article is from the blog scimag.news