Clean Energy Fuels (NASDAQ:CLNE) Trading 5.2% Higher - What's Next?

Key Points

• Clean Energy Fuels Corp. (CLNE)** stock rose 5.2% during Tuesday trading, peaking at $2.55, despite a significant decline in trading volume.
• Analysts have various ratings for CLNE: UBS Group reissued a "buy" rating with a price target of $2.75, while Jefferies Financial Group downgraded it to "hold" with a target price of $2.20.
• The company reported quarterly earnings that surpassed expectations, with revenue of $102.61 million, up 4.8% year-over-year, despite a negative net margin of 48.40%.

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s share price traded up 5.2% during mid-day trading on Tuesday . The company traded as high as $2.52 and last traded at $2.55. 272,012 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,540,732 shares. The stock had previously closed at $2.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group reissued a "buy" rating and issued a $2.75 target price (up previously from $2.00) on shares of Clean Energy Fuels in a research report on Tuesday, August 12th. Jefferies Financial Group lowered Clean Energy Fuels from a "buy" rating to a "hold" rating and set a $2.20 target price on the stock. in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $3.59.

Clean Energy Fuels Price Performance

The business has a fifty day moving average price of $2.33 and a 200 day moving average price of $1.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.51 and a current ratio of 2.83. The company has a market cap of $581.12 million, a price-to-earnings ratio of -2.94 and a beta of 2.70.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.06. Clean Energy Fuels had a negative return on equity of 27.98% and a negative net margin of 48.40%.The business had revenue of $102.61 million during the quarter, compared to analysts' expectations of $94.73 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Clean Energy Fuels Corp. will post -0.33 earnings per share for the current year.

Insider Activity at Clean Energy Fuels

In other Clean Energy Fuels news, SVP Barclay Corbus sold 105,300 shares of the company's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $2.63, for a total value of $276,939.00. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.30% of the company's stock.

Institutional Investors Weigh In On Clean Energy Fuels

Several large investors have recently added to or reduced their stakes in CLNE. Deutsche Bank AG grew its stake in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Clean Energy Fuels by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock worth $245,000 after purchasing an additional 4,215 shares during the period. Millennium Management LLC grew its stake in Clean Energy Fuels by 41.2% during the fourth quarter. Millennium Management LLC now owns 1,149,914 shares of the utilities provider's stock worth $2,886,000 after purchasing an additional 335,694 shares during the period. Nuveen Asset Management LLC grew its stake in Clean Energy Fuels by 32.1% during the fourth quarter. Nuveen Asset Management LLC now owns 648,306 shares of the utilities provider's stock worth $1,627,000 after purchasing an additional 157,378 shares during the period. Finally, ProShare Advisors LLC grew its stake in Clean Energy Fuels by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 48,076 shares of the utilities provider's stock worth $121,000 after purchasing an additional 15,819 shares during the period. Institutional investors and hedge funds 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.