Clean Energy FuelsClean energy stocks are becoming more attractive, thanks to an increased demand for green energy worldwide. Clean Energy Fuels Corp. (NASDAQ: CLNE) is a bargain pick that investors can consider in 2020. The company produces natural gas for commercial vehicle fleets in North America. Natural gas isn’t an emission-free fuel source, but it produces around half the amount of carbon as petroleum gas.

There’s strong momentum behind this stock today, and looking at some of the projections it’s not hard to see why. Clean Energy Fuels is expected to grow earnings at a rate of 5.41% per year. The company’s bottom line income should support this. In the previous fiscal year, gross income was up 92.95%, with a gross profit margin of 23.57%. Looking over the last five years, company earnings have grown at an average of 23.7%.

The stock has been historically volatile, but today’s momentum indicates that confidence is high. Over the last five days, the price is up 20.08%. Year to date growth has exceeded the stock market average.

While there’s risk in this pick, the bargain price makes it accessible. There’s also a strongly implied upside, with an average analyst target of $6. A small holding could make sense in a well-diversified alternative portfolio.

Key Data:

  • 1 Year Price Growth: 85%
  • YTD Price Growth: 65%
  • 3 Month Price Growth: 98%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.