Clean Energy Fuels (NASDAQ:CLNE) Trading Up 9.7%

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report)'s share price rose 9.7% during trading on Tuesday . The stock traded as high as $2.79 and last traded at $2.72. Approximately 1,754,784 shares were traded during trading, an increase of 8% from the average daily volume of 1,630,388 shares. The stock had previously closed at $2.48.

Analyst Upgrades and Downgrades

CLNE has been the subject of a number of research analyst reports. StockNews.com upgraded Clean Energy Fuels to a "sell" rating in a research report on Monday. Stifel Nicolaus decreased their price target 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. Raymond James lowered their price objective on shares of Clean Energy Fuels from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 3rd. Scotiabank cut their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 11th. Finally, Piper Sandler lowered their price target on Clean Energy Fuels from $7.00 to $4.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.60.

Clean Energy Fuels Stock Up 11.3 %

The company has a market cap of $616.20 million, a PE ratio of -7.83 and a beta of 2.08. The stock's 50 day moving average price is $2.47 and its 200-day moving average price is $3.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.80 and a current ratio of 3.14.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. The firm had revenue of $106.86 million for the quarter, compared to analysts' expectations of $106.50 million. On average, analysts predict that Clean Energy Fuels Corp. will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Clean Energy Fuels during the third quarter worth about $6,997,000. Dimensional Fund Advisors LP boosted its holdings in Clean Energy Fuels by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider's stock valued at $47,167,000 after acquiring an additional 702,049 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Clean Energy Fuels in the 4th quarter worth $1,566,000. Rice Hall James & Associates LLC raised its holdings in Clean Energy Fuels by 25.6% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,169,170 shares of the utilities provider's stock worth $4,478,000 after purchasing an additional 238,165 shares in the last quarter. Finally, Iridian Asset Management LLC CT bought a new stake in shares of Clean Energy Fuels during the 1st quarter valued at about $392,000. 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.

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