Clean Energy Fuels forms 50-50 JV with BP Products North America

  • Clean Energy Fuels (NASDAQ:CLNE) discloses it established a 50-50 joint venture with BP to develop, own and operate new renewable natural gas facilities at dairies and other agriculture facilities in North America, fleshing out plans initially unveiled last month.
  • BP and Clean Energy have committed to provide a respective $50M and $30M to the JV, with BP 's initial contribution consisted of all unpaid principal and accrued interest outstanding under the loan agreement from December 2020.
  • Clean Energy Fuels has a massive market opportunity ahead, but the company has failed to produce profits or even improve margins over time.

    For this year Clean Energy Fuels 's revenue will be around 322.39 million USD. This is according to the average of the analysts' estimates. This is rather significant more than 2020's revenue of 291.72 million USD.

    Historical revenues and results Clean Energy Fuels plus estimates 2020

    fundamantele data

    The analysts expect for 2021 a net profit of 1 million USD. For this year the consensus of Clean Energy Fuels 's result per share is a profit of 1 cent. The price-earnings-ratio equals an extreme 1033.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the transport companies is an attractive 1.75 percent.

    Clean Energy Fuels 's market value equals around 2.11 billion . The Clean Energy Fuels stock was the past 12 months quite unstable. Since last April the stock is even 471 percent higher. This year the stock price moved between 2 and 20 dollar.

    Historical stock prices Clean Energy Fuels from 2007 till 2021

    historical stocks cleanenergyfuels

    On Wednesday the stock closed at 10.33 USD.

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