Clean Energy: 2014 Stock Of The Year Candidate
After another news release, Clean Energy Fuels (CLNE) again appears setup for a big run yet the stock continues to languish around $12. The largest provider of natural gas fuel for transportation in North America offers catalysts that could push the stock on a huge run in 2014. Most investors are still concerned that the 'hype' won't ever be met with reality.
Clean Energy falls into a group of stocks set to benefit from the abundant supplies of natural gas that have led to a glut of the cheap fuel. Other stocks including Cheniere Energy (LNG) and Westport Innovations (WPRT) are building products that benefit from this cheap energy source. Oddly these stocks continue to diverge though all are still in the process of proving out their respective business plans. In fact, none of the three stocks is even expected to be profitable next year making the divergence perplexing. Considering the huge gains in Cheniere, Clean Energy could be set up for a strong 2014 once it hits full stride.
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