Clean Energy Fuels (NASDAQ:CLNE) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Lake Street Capital reduced their price objective on shares of Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a research note on Friday, May 9th. UBS Group set a $2.00 price target on shares of Clean Energy Fuels and gave the stock a "buy" rating in a research note on Sunday, April 13th. Finally, Scotiabank reduced 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 research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $3.75.

Clean Energy Fuels Price Performance

The firm's 50-day moving average is $1.86 and its 200-day moving average is $2.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 2.50. The company has a market capitalization of $488.37 million, a P/E ratio of -2.51 and a beta of 2.63.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.21. Clean Energy Fuels had a negative net margin of 47.99% and a negative return on equity of 26.37%. The business had revenue of $103.76 million for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. The company's revenue for the quarter was up .1% on a year-over-year basis. Analysts predict that Clean Energy Fuels Corp. will post -0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Clean Energy Fuels

Several large investors have recently added to or reduced their stakes in CLNE. Balyasny Asset Management L.P. purchased a new position in shares of Clean Energy Fuels in the fourth quarter worth $31,000. Two Sigma Securities LLC purchased a new position in shares of Clean Energy Fuels in the fourth quarter worth $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Clean Energy Fuels by 56.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock worth $34,000 after buying an additional 4,894 shares in the last quarter. Cibc World Markets Corp purchased a new stake in Clean Energy Fuels during the fourth quarter valued at $40,000. Finally, Byrne Asset Management LLC purchased a new stake in Clean Energy Fuels during the second quarter valued at $42,000. Hedge funds and other 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.