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

Key Points

• Clean Energy Fuels Corp. (NASDAQ:CLNE) has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average 1-year price objective of $3.59.
• Insider Barclay Corbus sold 105,300 shares of Clean Energy Fuels stock, decreasing their position by 9.03%, while insiders now hold 4.30% of the company's stock.
• Strong institutional interest is evident, as several firms have recently increased their stakes, with CWM LLC boosting its position by 820.1% in the first quarter.

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $3.59.

A number of brokerages have issued reports on CLNE. Jefferies Financial Group cut shares of Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price on the stock. in a report on Friday, August 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of Clean Energy Fuels in a report on Wednesday, October 8th. Finally, UBS Group reaffirmed a "buy" rating and issued a $2.75 price objective (up previously from $2.00) on shares of Clean Energy Fuels in a report on Tuesday, August 12th.

Insiders Place Their Bets

In other Clean Energy Fuels news, SVP Barclay Corbus sold 105,300 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total transaction of $276,939.00. Following the completion of the transaction, the senior vice president owned 1,061,248 shares in the company, valued at approximately $2,791,082.24. The trade was a 9.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Energy Fuels

Several institutional investors have recently bought and sold shares of CLNE. Wealth Enhancement Advisory Services LLC bought a new position in Clean Energy Fuels in the 1st quarter valued at about $51,000. Golden State Wealth Management LLC increased its stake in shares of Clean Energy Fuels by 60.0% during the first quarter. Golden State Wealth Management LLC now owns 40,000 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 15,000 shares during the period. Teacher Retirement System of Texas bought a new stake in Clean Energy Fuels during the first quarter worth approximately $38,000. Iridian Asset Management LLC CT lifted its position in Clean Energy Fuels by 69.1% in the first quarter. Iridian Asset Management LLC CT now owns 247,468 shares of the utilities provider's stock worth $384,000 after purchasing an additional 101,091 shares during the period. Finally, CWM LLC boosted its stake in Clean Energy Fuels by 820.1% during the 1st quarter. CWM LLC now owns 34,126 shares of the utilities provider's stock valued at $53,000 after purchasing an additional 30,417 shares in the last quarter. Institutional investors and hedge funds own 49.94% of the company's stock.

Clean Energy Fuels Stock Performance

Shares of CLNE opened at $2.79 on Wednesday. The stock has a market capitalization of $611.82 million, a PE ratio of -3.10 and a beta of 2.70. The business's fifty day moving average price is $2.60 and its 200 day moving average price is $2.10. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.83 and a quick ratio of 2.51. Clean Energy Fuels has a 12-month low of $1.30 and a 12-month high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $94.73 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Clean Energy Fuels will post -0.33 EPS for the current year.

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.

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