Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Clean Energy Fuels Corp. (NASDAQ:CLNE) has received a consensus recommendation of "Buy" from five analysts, with an average 12-month target price of $3.59.
• The company reported a quarterly earnings per share of ($0.01), outperforming expectations, with revenues reaching $102.61 million.
• Insider trading activity includes SVP Barclay Corbus selling 105,300 shares at $2.63, reducing their position by 9.03%.

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) has been assigned an average recommendation of "Buy" from the five analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $3.59.

A number of research analysts have recently weighed in on the company. UBS Group reissued a "buy" rating and issued a $2.75 price target (up previously from $2.00) on shares of Clean Energy Fuels in a research note on Tuesday, August 12th. Jefferies Financial Group downgraded Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 price target on the stock. in a research note on Friday, August 8th.

Clean Energy Fuels Stock Performance

CLNE stock opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.83 and a quick ratio of 2.51. The company has a 50 day moving average price of $2.39 and a 200 day moving average price of $1.98. Clean Energy Fuels has a fifty-two week low of $1.30 and a fifty-two week high of $3.67. The stock has a market capitalization of $620.59 million, a PE ratio of -3.14 and a beta of 2.70.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.06. The firm had revenue of $102.61 million during the quarter, compared to analysts' expectations of $94.73 million. Clean Energy Fuels had a negative net margin of 48.40% and a negative return on equity of 27.98%. Clean Energy Fuels's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 EPS. Analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current year.

Insider Buying and Selling at Clean Energy Fuels

In other news, SVP Barclay Corbus sold 105,300 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total value of $276,939.00. Following the transaction, the senior vice president owned 1,061,248 shares of the company's stock, valued at $2,791,082.24. This represents a 9.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Clean Energy Fuels

A number of large investors have recently made changes to their positions in CLNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clean Energy Fuels by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock valued at $245,000 after buying an additional 4,215 shares in the last quarter. Millennium Management LLC increased its holdings in Clean Energy Fuels by 41.2% during the 4th quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider's stock worth $2,886,000 after purchasing an additional 335,694 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Clean Energy Fuels by 32.1% during the 4th quarter. Nuveen Asset Management LLC now owns 648,306 shares of the utilities provider's stock worth $1,627,000 after purchasing an additional 157,378 shares in the last quarter. ProShare Advisors LLC increased its holdings in Clean Energy Fuels by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 48,076 shares of the utilities provider's stock worth $121,000 after purchasing an additional 15,819 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Clean Energy Fuels by 93.3% during the 4th quarter. Two Sigma Investments LP now owns 448,096 shares of the utilities provider's stock worth $1,125,000 after purchasing an additional 216,278 shares in the last quarter. Institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Company Profile

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.

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