2.7700 -0.19 (-6.42%)
After hours: 5:48PM EDT
|Bid||2.9500 x 2900|
|Ask||2.9600 x 43500|
|Day's Range||2.7000 - 3.1400|
|52 Week Range||1.0500 - 3.7500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||18.97|
|Earnings Date||Aug. 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.50|
Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy" or the "Company") today announced its operating results for the second quarter of 2020.
When you think about clean energy vehicles, you probably think of Tesla's (NASDAQ: TSLA) electric cars, or maybe the Nissan Leaf or GM's Chevy Volt. Natural gas fuel specialist Clean Energy Fuels (NASDAQ: CLNE) has been working for years to change that. It took on a lot of debt to build "America's Natural Gas Highway," lining a coast-to-coast route with natural gas filling stations and placing more in major urban centers to make it easier for trucking companies to switch their fleets to from diesel to natural gas.
The largest U.S. natural gas utility on Friday pushed back against California's efforts to phase out gas, asking a state court to force the revision of a policy document dealing with the transition to cleaner methods to generate power and heat buildings. In court documents, Southern California Gas Co said a state law passed in 2013 required the California Energy Commission to analyze every four years how to maximize the benefits of natural gas. The complaint, filed in state court in Orange County, is the natural gas industry's latest attempt to challenge efforts in states with strict environmental rules to address the fossil fuel's contribution to climate change.