There are some ripe bargains in the stock market this month, which has led to this list of under-$10 stocks to buy. It’s fair to say these companies trade at attractive valuations, and many have low market caps too, increasing their attractiveness. I think now is an ideal time for investors to scoop up shares of these companies while they are still cheap.Owning some of these companies in your portfolio can be a solid move. Not only are their prospects bright and financials healthy, these companies come from ...

19 Acquisition, financing, construction, and development of projects by us or our partners that own projects and divestitures, investments or other strategic relationships, may not commence on anticipated timelines or at all, may not meet expectations, and may otherwise harm our business. Additionally, we may acquire or invest in other companies or businesses or pursue other strategic transactions or relationships, such as joint ventures, collaborations, divestitures, or other similar arrangements. These st ...

For the quarter ended December 2023, Clean Energy Fuels (CLNE) reported revenue of $106.86 million, down 6.1% over the same period last year. EPS came in at $0.01, compared to $0.01 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $106.5 million, representing a surprise of +0.34%. The company delivered an EPS surprise of -50.00%, with the consensus EPS estimate being $0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Clean Energy Fuels (CLNE) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this provider of natural gas as an alternative fuel for vehicle fleets would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a s ...

Financial Performance - Revenue for Q4 2023 was $106.9 million, a decrease from $113.8 million in Q4 2022[5] - Net loss attributable to Clean Energy for Q4 2023 was $(18.7) million, or $(0.08) per share, compared to $(12.3) million, or $(0.06) per share in Q4 2022[5] - Adjusted EBITDA for Q4 2023 was $21.2 million, significantly higher than $12.2 million in Q4 2022[5] - Total revenue for the year ended December 31, 2023, was $425.2 million, slightly up from $420.2 million in 2022, indicating a growth of 1%[11] - Total revenue for Q4 2023 was $106.857 million, a decrease of 6.5% compared to $113.756 million in Q4 2022[37] - Product revenue for Q4 2023 was $93.2 million, down from $101.3 million in Q4 2022, reflecting a decrease of 8%[11] - Service revenue increased to $13.668 million in Q4 2023 from $12.481 million in Q4 2022, showing a growth of 9.5%[37] - Operating loss for Q4 2023 was $(6.569) million, compared to an operating loss of $(11.149) million in Q4 2022, indicating an improvement of 41.7%[37] Future Outlook - The 2024 outlook includes a GAAP net loss of approximately $(111) million to $(101) million and an adjusted EBITDA of $62 million to $72 million[5] - GAAP net loss for 2024 is projected to be between $(111) million and $(101) million, including estimated Amazon warrant charges of approximately $69 million[18] - Adjusted EBITDA for 2024 is estimated to range from $62 million to $72 million, reflecting the company's operational performance expectations[18] - The company anticipates volume growth and customer expansion in fiscal 2024, with a focus on alternative vehicle fuels[30] Revenue Sources - Renewable natural gas (RNG) gallons sold reached 57.0 million in Q4 2023, a 4.8% increase compared to Q4 2022; total RNG gallons sold for 2023 were 225.7 million, up 13.9% from 198.2 million in 2022[3] - Q4 2023 included $5.9 million of alternative fuel excise tax credit (AFTC) revenue, compared to $5.5 million in Q4 2022[6] - RIN and LCFS revenues for Q4 2023 were $11.5 million, up from $10.2 million in Q4 2022, driven by higher RIN credit prices[7] - RIN Credits revenue increased from $7.7 million in Q4 2022 to $9.2 million in Q4 2023, a growth of 19%[11] - LCFS Credits revenue remained stable at approximately $2.4 million in Q4 2023 compared to $2.5 million in Q4 2022[11] Assets and Liabilities - Total assets increased from $1,082,357 million as of December 31, 2022, to $1,259,458 million as of December 31, 2023, representing a growth of approximately 16.3%[40] - Total current assets slightly decreased from $471,720 million in 2022 to $470,175 million in 2023, a decline of about 0.3%[40] - Cash and cash equivalents increased from $125,950 million to $139,569 million, a rise of approximately 10.7%[40] - Accounts receivable rose from $91,430 million to $98,426 million, reflecting an increase of about 7.2%[40] - Total liabilities increased significantly from $354,886 million in 2022 to $525,811 million in 2023, marking an increase of approximately 48.1%[40] - Long-term debt rose from $145,471 million to $261,123 million, an increase of about 79.5%[40] - Stockholders' equity increased from $727,471 million to $733,647 million, a growth of approximately 0.9%[40] - The accumulated deficit widened from $(829,975) million to $(929,472) million, indicating a decrease in retained earnings[40] - Operating lease right-of-use assets increased from $52,586 million to $92,324 million, a growth of approximately 75.5%[40] - Inventory increased from $37,144 million to $45,335 million, reflecting a rise of about 22.0%[40] Strategic Initiatives - Completed construction on two dairy farm RNG digester projects with total costs of $72 million, involving 11,500 dairy cows[3] - The company plans to continue expanding its network of fueling stations across the U.S. and Canada to support its growth strategy[24] - The company is focused on decarbonizing transportation through the development and delivery of renewable natural gas (RNG)[23] - The company is exploring investments in hydrogen stations and modifications to existing fueling stations to support hydrogen and electric vehicle charging[31] Market Conditions and Risks - The company faces risks including market competition, regulatory changes, and the impact of the COVID-19 pandemic on operations and demand[31] - The company reported a weighted-average common shares outstanding of 223,016,010 for Q4 2023, slightly up from 222,429,591 in Q4 2022[37]

HASLET & DALLAS, Texas--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the opening of two new fueling stations that offer heavy-duty truck and other fleet vehicles renewable natural gas (RNG), one of the only fuels that receives a carbon-negative rating. A station in North Fort Worth, near Alliance and DFW airports, and another in South Dallas close to I-45, I-35 and I-20, are strategically located near dozens of distribution centers and allow trucks to take advantage of a fuel that prov ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) today announced the completion of its latest renewable natural gas (RNG) facility in Marshall County, Iowa. The Marshall Ridge Dairy project is expected to produce 1.7 million gallons of low carbon-intensity RNG annually. The three-digester facility located in State Center, Iowa, is now producing pipeline quality RNG and injecting it into the national grid. RNG is a sustainable fuel derived from organic waste that provides an ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Rimere, a climate solutions company with proprietary plasma technology, announced the closing of a $10 million strategic investment from Clean Energy Fuels Corp. (NASDAQ: CLNE). The funding will accelerate development and field testing of Rimere’s two independent devices, the Reformer and the Mitigator, that reduce climate change emissions and enable the use of natural gas to accelerate the transition to a clean hydrogen future. The Reformer uses proprietary sequenti ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced the successful completion and operational launch of its latest renewable natural gas (RNG) production facility at Tri-Cross Dairy in Viborg, South Dakota. The new RNG facility sits on a 5,000-cow dairy farm and is forecasted to produce 1 million gallons annually of negative carbon-intensity RNG. The project represents a significant milestone in Clean Energy’s ongoing leadership in providing the cleanest fuel for the t ...

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq: CLNE) announced today it will release financial results for the fourth quarter of 2023 on February 27, 2024 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific time). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call. Investors interested in participating in the live call can dial 1.888.886.7 ...