Here's Why I Bought More Clean Energy Fuels Stock
I have covered the natural-gas business at transportation leader Clean Energy Fuels Corp. (NASDAQ: CLNE) for a number of years. Over that time, I've also bought shares on several occasions, and frankly, it hasn't been a good experience. Combined, my investments before the start of 2017 are down almost 70% at recent prices.
However, so far this year I've bought shares twice and nearly tripled my holdings in the company, and I am likely to buy even more before the end of the year. Why am I adding on to this historical loser? In short, because the company is stronger today, the balance sheet is in solid shape, and the potential for per-share returns is higher now than it has ever been.
One Fool thinks Clean Energy Fuels stock is set to take off. Image source: Getty Images.
Source: Fool.com
Clean Energy Fuels Corp. Stock
We see a rather positive sentiment for Clean Energy Fuels Corp. with 6 Buy predictions and 2 Sell predictions.
Based on the current price of 2.47 € the target price of 5 € shows a potential of 102.1% for Clean Energy Fuels Corp. which would more than double the current price.
