Clean Energy Fuels (NASDAQ:CLNE) Trading 3.4% Higher

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s stock price traded up 3.4% on Friday . The stock traded as high as $2.48 and last traded at $2.46. 221,104 shares were traded during trading, a decline of 86% from the average session volume of 1,628,261 shares. The stock had previously closed at $2.38.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus decreased their price objective on Clean Energy Fuels from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, January 23rd. Scotiabank decreased their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a "sector outperform" rating on the stock in a report on Thursday. Raymond James decreased their price target on Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 3rd. Finally, StockNews.com raised Clean Energy Fuels to a "sell" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Energy Fuels presently has an average rating of "Moderate Buy" and an average target price of $6.40.

Clean Energy Fuels Trading Up 2.5 %

The company has a market cap of $544.75 million, a P/E ratio of -5.55 and a beta of 2.06. The company has a quick ratio of 2.59, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $3.28.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $106.86 million during the quarter, compared to the consensus estimate of $106.50 million. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. On average, analysts predict that Clean Energy Fuels Corp. will post -0.48 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC boosted its position in Clean Energy Fuels by 2.3% during the fourth quarter. MetLife Investment Management LLC now owns 85,798 shares of the utilities provider's stock valued at $446,000 after purchasing an additional 1,919 shares during the last quarter. White Pine Capital LLC boosted its position in Clean Energy Fuels by 0.5% during the fourth quarter. White Pine Capital LLC now owns 394,295 shares of the utilities provider's stock valued at $2,050,000 after purchasing an additional 2,060 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Clean Energy Fuels by 4.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 58,077 shares of the utilities provider's stock valued at $260,000 after buying an additional 2,274 shares during the period. American International Group Inc. raised its stake in Clean Energy Fuels by 3.0% in the second quarter. American International Group Inc. now owns 79,351 shares of the utilities provider's stock valued at $355,000 after buying an additional 2,325 shares during the period. Finally, Mariner LLC raised its stake in Clean Energy Fuels by 27.9% in the third quarter. Mariner LLC now owns 14,680 shares of the utilities provider's stock valued at $56,000 after buying an additional 3,205 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

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.