Clean Energy Fuels (NASDAQ:CLNE) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.38 and traded as high as $2.57. Clean Energy Fuels shares last traded at $2.39, with a volume of 1,702,456 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Clean Energy Fuels in a research report on Monday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.32.

Clean Energy Fuels Stock Performance

The firm's 50 day moving average is $2.37 and its 200-day moving average is $2.38. The stock has a market capitalization of $524.44 million, a price-to-earnings ratio of -2.39 and a beta of 2.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 2.32.

Institutional Investors Weigh In On Clean Energy Fuels

A number of institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 4,791 shares during the period. Connors Investor Services Inc. raised its position in Clean Energy Fuels by 7.7% during the fourth quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider's stock worth $147,000 after acquiring an additional 5,000 shares during the period. Mariner LLC raised its position in Clean Energy Fuels by 43.9% during the fourth quarter. Mariner LLC now owns 16,641 shares of the utilities provider's stock worth $35,000 after acquiring an additional 5,075 shares during the period. BNP Paribas Financial Markets lifted its holdings in Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 5,254 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Clean Energy Fuels by 2.2% during the second quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider's stock valued at $528,000 after purchasing an additional 5,933 shares in the last quarter. 49.94% of the stock is currently owned by institutional investors and hedge funds.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.

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