Section 1: Company Fundamentals

1.1 Company Overview:

Clean Energy Fuels Corp. (NASDAQ: CLNE) is a renewable energy company. The Company is focused on the procurement and distribution of renewable natural gas (RNG) and conventional natural gas in the form of compressed natural gas (CNG) and liquefied natural gas (LNG) for the United States and Canadian transportation markets.

Kalkine’s US Daily Report covers the Company Overview, Summary Table, Business updates and insights into company recent financial results, Key Risks & Outlook, Price performance and technical summary, and Recommendation on the stock.

Stock Performance:

• The stock has corrected by 36.82% in the last six months as well as 7.66% in the last year.
• The stock is leaning towards the lower band of its 52-week range of USD 8.58 and 52-week low price of USD 3.84. The price is currently closer to its important resistance range of USD 4.50-USD 5.00.
• The price is currently trading between both its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of 58.17, with the expectation of a consolidation or further correction to 52-week low levels.

1.2 Summary Table

Section 2: Clean Energy Fuel Corp. (“Watch” at the current market price of USD 4.58, as of May 17, 2023, at 10:15 am PDT)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 17, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.