Natural gas for transportation leader Clean Energy Fuels Corp (NASDAQ:CLNE) has steadily grown and improved the quality of its business and business results over the past several years. Today’s Clean Energy Fuels is leaner, has a stronger balance sheet, and is in a solid position as a market leader in a growth industry.
But is the stock undervalued? By one metric, book value per share, it looks downright cheap. But management used a massive amount of stock to make ends meet over the past 18 months, destroying a significant amount of shareholder value in the process. Still, the loss of an important tax credit will have multimillion-dollar implications, and the sale of a very profitable part of the business raises questions about the company’s ability to generate positive cash flows this year.
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Best Clean Energy Stocks To Own For 2019: Coherent, Inc.(COHR)
Advisors’ Opinion:
- [By Joseph Griffin]
Hood River Capital Management LLC decreased its position in shares of Coherent, Inc. (NASDAQ:COHR) by 63.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 69,773 shares of the scientific and technical instruments company’s stock after selling 122,518 shares during the quarter. Hood River Capital Management LLC owned about 0.28% of Coherent worth $13,075,000 as of its most recent SEC filing.
- [By Logan Wallace]
Benchmark restated their buy rating on shares of Coherent (NASDAQ:COHR) in a research note published on Thursday morning. The firm currently has a $216.00 price objective on the scientific and technical instruments company’s stock.
- [By Joseph Griffin]
Epoch Investment Partners Inc. boosted its position in Coherent, Inc. (NASDAQ:COHR) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 635,597 shares of the scientific and technical instruments company’s stock after purchasing an additional 41,113 shares during the quarter. Epoch Investment Partners Inc. owned approximately 2.62% of Coherent worth $99,420,000 at the end of the most recent quarter.
- [By Keith Noonan]
Coherent, Inc. (NASDAQ:COHR) stock jumped 20.6% in August, according to data provided by S&P Global Market Intelligence. The company published third-quarter results at the end of July that came in below the market’s expectations, but comments during the company’s earnings call appear to have helped the stock regain some ground.
Best Clean Energy Stocks To Own For 2019: Forest City Realty Trust, Inc.(FCE.A)
Advisors’ Opinion:
- [By Max Byerly]
Piedmont Office Realty Trust (NYSE: FCE.A) and Forest City Realty Trust (NYSE:FCE.A) are both mid-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, dividends, earnings, risk, analyst recommendations, profitability and valuation.
Best Clean Energy Stocks To Own For 2019: Calavo Growers, Inc.(CVGW)
Advisors’ Opinion:
- [By Ethan Ryder]
Prudential Financial Inc. raised its holdings in shares of Calavo Growers (NASDAQ:CVGW) by 5.9% during the first quarter, HoldingsChannel.com reports. The firm owned 28,216 shares of the company’s stock after acquiring an additional 1,580 shares during the quarter. Prudential Financial Inc.’s holdings in Calavo Growers were worth $2,602,000 at the end of the most recent quarter.
- [By Asit Sharma]
In a similar narrative to its last sequential quarter, the second quarter of fiscal 2018, avocado specialist Calavo Grower’s (NASDAQ:CVGW) results for its most recent three months were characterized by a modest revenue contraction of roughly 2%, accompanied by vigorous growth in net income and earnings per share. Below, we’ll review the raw numbers and relevant details of the company’s report, which was issued earlier this month.
- [By Asit Sharma]
After surprising shareholders with meager operating income and a net loss in the fiscal fourth quarter of 2018, avocado and fruit supplier Calavo Growers (NASDAQ:CVGW) posted appreciably higher operating income in its fiscal first-quarter 2019 report, released on Thursday. The improved results were primarily driven by better execution in avocado distribution despite a weaker pricing environment.
- [By Ethan Ryder]
Calavo Growers, Inc. (NASDAQ:CVGW) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $97.33.
- [By Max Byerly]
Get a free copy of the Zacks research report on Calavo Growers (CVGW)
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Best Clean Energy Stocks To Own For 2019: ENI S.p.A.(E)
Advisors’ Opinion:
- [By Joseph Griffin]
Eni SpA (NYSE:E) has received an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.24.
- [By Zacks]
Following the reform, Mexico drew multi-billion dollars' investment. It could lead up to an output of 3 MMBbl/d by the end of the planned period, as predicted by the supporters of the reform. The reform could also bring down electricity rates in the country. So far, Mexico has awarded around 90 contracts, both onshore and offshore. The country raised about $100 billion from the auctions by the end of January. With nine oil and gas blocks, Shell has emerged as the leading player in the auctions held so far. Other winners in the bidding processes include Eni S.p.A. (NYSE: E)of Italy, Inpex of Japan, France's TOTAL S.A. (NYSE: TOT), Chevron and more.
- [By Shane Hupp]
Enterprise Group Inc (TSE:E) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37, with a volume of 24200 shares traded. The stock had previously closed at C$0.40.
- [By Shane Hupp]
ENI (NYSE:E) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “With recovering oil prices, Eni’s operating profits from its Refining & Marketing business has gone down in the first half of 2018 against the comparable period of 2017. Also, operating profit from its Chemical business fell 79% during this period due to rising costs of oil-based feedstock. Moreover, Eni has sold 50% of its stake in the Zohr field, a high yielding project, which can impact its revenues. Fall in demand for products like gasoil and gasoline, in Italy, is also a concern for the company. If this consumption trend persists, the company’s profit levels will get affected. Given these headwinds, Eni seems like a risky bet that ordinary investors should exit.”