Analysts Set Clean Energy Fuels Corp. (NASDAQ:CLNE) Target Price at $3.75

Key Points

• Clean Energy Fuels Corp. (NASDAQ:CLNE) has received an average analyst rating of "Buy", with a one-year price target of $3.75.
• Recent trading saw Clean Energy Fuels' share price increase to $2.40, and the company reported quarterly revenue of $102.61 million, exceeding analyst expectations.
• Institutional investors have increased their stakes in Clean Energy Fuels, with 49.94% of the stock now owned by such investors.

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) have been given a consensus rating of "Buy" by the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.44.

A number of research firms recently commented on CLNE. Lake Street Capital lowered their price target on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 9th. Jefferies Financial Group lowered shares of Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 price target for the company. in a report on Friday. Finally, UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the company a "buy" rating in a report on Sunday, April 13th.

Clean Energy Fuels Trading Down 10.0%

Shares of Clean Energy Fuels stock traded down $0.23 during trading on Friday, reaching $2.06. The company's stock had a trading volume of 2,244,448 shares, compared to its average volume of 1,790,612. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67. The company has a market cap of $451.74 million, a price-to-earnings ratio of -2.29 and a beta of 2.65. The firm's 50-day moving average is $2.01 and its two-hundred day moving average is $2.02. The company has a quick ratio of 2.51, a current ratio of 2.83 and a debt-to-equity ratio of 0.47.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.06. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. The company had revenue of $102.61 million during the quarter, compared to analyst estimates of $94.73 million. During the same period in the prior year, the business posted $0.01 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Energy Fuels will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLNE. PNC Financial Services Group Inc. increased its stake in shares of Clean Energy Fuels by 140.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider's stock worth $29,000 after acquiring an additional 8,738 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Clean Energy Fuels in the 4th quarter worth about $31,000. Balyasny Asset Management L.P. bought a new position in shares of Clean Energy Fuels in the 4th quarter worth about $31,000. Tower Research Capital LLC TRC increased its stake in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after acquiring an additional 4,894 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Clean Energy Fuels in the 1st quarter worth about $36,000. 49.94% of the stock is currently owned by institutional investors.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.