Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Clean Energy Fuels Corp. (NASDAQ:CLNE) has an average rating of "Buy" from five research firms, with a 1-year price target of $3.59.
• Recent earnings reported a positive EPS of ($0.01), exceeding estimates, along with a year-over-year revenue increase of 4.8%.
• Institutional investors own approximately 49.94% of Clean Energy Fuels, with several firms significantly increasing their stakes in the company.

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) has been given an average recommendation of "Buy" by the five analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $3.59.

CLNE has been the subject of several recent analyst reports. UBS Group reiterated a "buy" rating and issued a $2.75 price objective (up previously from $2.00) on shares of Clean Energy Fuels in a research note on Tuesday, August 12th. 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. Finally, Jefferies Financial Group downgraded 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, August 8th.

Institutional Investors Weigh In On Clean Energy Fuels

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in Clean Energy Fuels by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,498,040 shares of the utilities provider's stock worth $23,840,000 after buying an additional 124,031 shares during the period. Deutsche Bank AG lifted its position in shares of Clean Energy Fuels by 226.2% during the fourth quarter. Deutsche Bank AG now owns 366,085 shares of the utilities provider's stock worth $919,000 after purchasing an additional 253,842 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Clean Energy Fuels during the first quarter worth $51,000. D. E. Shaw & Co. Inc. lifted its position in shares of Clean Energy Fuels by 56.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,241,708 shares of the utilities provider's stock worth $3,117,000 after purchasing an additional 450,143 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Clean Energy Fuels by 293.9% during the first quarter. GSA Capital Partners LLP now owns 541,145 shares of the utilities provider's stock worth $839,000 after purchasing an additional 403,747 shares in the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Clean Energy Fuels Stock Performance

Clean Energy Fuels stock traded down $0.06 during trading hours on Tuesday, reaching $2.50. 550,168 shares of the stock were exchanged, compared to its average volume of 2,599,498. The stock has a market cap of $547.13 million, a P/E ratio of -2.77 and a beta of 2.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67. The firm's 50 day moving average is $2.23 and its 200 day moving average is $1.94.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported ($0.01) EPS 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 during the quarter, compared to the consensus estimate of $94.73 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Clean Energy Fuels's quarterly revenue was up 4.8% on a year-over-year basis. Analysts predict that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

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.