Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.14 and traded as high as $2.17. Clean Energy Fuels shares last traded at $2.13, with a volume of 3,019,774 shares.
Wall Street Analyst Weigh In
A number of research firms have issued reports on CLNE. Scotiabank decreased their price target on shares of Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Lake Street Capital decreased 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, UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the stock a "buy" rating in a report on Sunday, April 13th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Energy Fuels currently has an average rating of "Moderate Buy" and a consensus target price of $3.75.
Read Our Latest Research Report on CLNE
Clean Energy Fuels Price Performance
The stock has a market cap of $483.95 million, a price-to-earnings ratio of -2.49 and a beta of 2.63. The stock's 50 day moving average price is $1.90 and its two-hundred day moving average price is $2.13. The company has a quick ratio of 2.50, a current ratio of 2.82 and a debt-to-equity ratio of 0.45.
Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.21. The firm had revenue of $103.76 million for the quarter, compared to analyst estimates of $96.61 million. Clean Energy Fuels had a negative net margin of 47.99% and a negative return on equity of 26.37%. The business's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Equities research analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.
Institutional Trading of Clean Energy Fuels
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLNE. Bank of New York Mellon Corp grew its position in Clean Energy Fuels by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 516,302 shares of the utilities provider's stock valued at $1,296,000 after buying an additional 5,485 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Clean Energy Fuels by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,455,351 shares of the utilities provider's stock valued at $3,653,000 after purchasing an additional 12,169 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Clean Energy Fuels in the fourth quarter valued at about $169,000. Moors & Cabot Inc. grew its position in shares of Clean Energy Fuels by 0.9% in the fourth quarter. Moors & Cabot Inc. now owns 413,195 shares of the utilities provider's stock valued at $1,037,000 after purchasing an additional 3,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Clean Energy Fuels by 60.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 121,567 shares of the utilities provider's stock valued at $305,000 after purchasing an additional 45,820 shares during the period. Institutional investors and hedge funds own 49.94% of the company's stock.
Clean Energy Fuels Company Profile
(
Get Free Report)
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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