CLNE - Could This Beaten-Down Energy Stock Be an Acquisition Target in 2024?
2024-01-03 07:09:00 ET
Clean Energy Fuels (NASDAQ: CLNE) has long held tremendous promise. The company is a leading player in renewable natural gas (RNG). That fuel has immense potential to help reduce emissions.
However, despite that promise, shares of Clean Energy Fuels have spent most of their time heading in reverse. They slumped 25% last year and have lost two-thirds of their value since the company went public in 2007. The company's constant need for capital to fund its growth is a big issue weighing on its share price.
That growth potential could make Clean Energy Fuels an attractive acquisition target for a larger energy company . Many industry leaders are looking for ways to accelerate their clean energy ambitions, which they could do by acquiring Clean Energy Fuels. Here's why it's an enticing acquisition candidate, as well as some potential suitors.
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Could This Beaten-Down Energy Stock Be an Acquisition Target in 2024?