Down 40% in a Year, Is Now the Right Time to Buy Clean Energy Fuels Stock?
Shares of Clean Energy Fuels (NASDAQ: CLNE) are down a little over 40% over the past year. They're off 80% from their most recent highwater mark in 2021. Is this an opportunity to buy a company with huge clean-energy bona fides, or would investors be better off taking a more conservative approach in the space?
The world is shifting toward cleaner energy options. Natural gas is expected to be a key transition fuel, even though it's a carbon-based fuel. That's because it burns more cleanly than both coal and oil. It's also highly flexible. For example, it has long been used by electric utilities, but it's increasingly being used to power vehicles. It's the latter use that Clean Energy Fuels focuses on.
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Source Fool.com
