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

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) has earned an average recommendation of "Buy" from the five ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.60.

Several equities research analysts recently issued reports on the stock. Raymond James dropped their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a report on Wednesday, April 3rd. Piper Sandler dropped their target price on shares of Clean Energy Fuels from $7.00 to $4.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Stifel Nicolaus dropped their target price on shares of Clean Energy Fuels from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. StockNews.com upgraded shares of Clean Energy Fuels to a "sell" rating in a report on Tuesday, April 9th. Finally, Scotiabank dropped their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 11th.

Clean Energy Fuels Stock Up 4.5 %

Shares of NASDAQ:CLNE traded up $0.10 during trading on Tuesday, reaching $2.31. 1,347,346 shares of the stock traded hands, compared to its average volume of 1,646,872. The stock has a 50-day moving average of $2.66 and a two-hundred day moving average of $3.21. Clean Energy Fuels has a 52-week low of $2.17 and a 52-week high of $5.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.59 and a current ratio of 2.87. The stock has a market cap of $515.73 million, a P/E ratio of -5.02 and a beta of 2.06.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative net margin of 23.40% and a negative return on equity of 14.05%. The firm had revenue of $106.86 million for the quarter, compared to analysts' expectations of $106.50 million. As a group, sell-side analysts expect that Clean Energy Fuels will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Grassi Investment Management bought a new stake in shares of Clean Energy Fuels during the 1st quarter valued at $36,000. Arkadios Wealth Advisors bought a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at $38,000. Prio Wealth Limited Partnership bought a new stake in shares of Clean Energy Fuels during the 4th quarter valued at $38,000. Xponance Inc. bought a new stake in shares of Clean Energy Fuels during the 3rd quarter valued at $39,000. Finally, Sunbelt Securities Inc. raised its position in shares of Clean Energy Fuels by 1,052.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 49.94% of the company's stock.

About Clean Energy Fuels

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.