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Clean Energy Fuels (CLNE) Stock Forecast & Price Target

$2.62
-0.05 (-1.87%)
(As of 07/24/2024 ET)

Clean Energy Fuels - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for Clean Energy Fuels in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 4 have given a buy rating, and 1 has given a strong buy rating for CLNE.

Consensus Price Target

$5.60
113.74% Upside
High Forecast$7.50
Average Forecast$5.60
Low Forecast$4.00

According to the 5 analysts' twelve-month price targets for Clean Energy Fuels, the average price target is $5.60. The highest price target for CLNE is $7.50, while the lowest price target for CLNE is $4.00. The average price target represents a forecasted upside of 113.74% from the current price of $2.62.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Buy
Buy
Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$5.60$5.60$5.60$10.06
Forecasted Upside113.74% Upside92.18% Upside92.18% Upside89.81% Upside
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CLNE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CLNE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Clean Energy Fuels Stock vs. The Competition

TypeClean Energy FuelsUtilities CompaniesS&P 500
Consensus Rating Score
3.20
2.47
2.51
Consensus RatingBuyHoldModerate Buy
Predicted Upside109.74% Upside58.80% Upside9.26% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/18/2024Piper Sandler
2 of 5 stars
 Lower TargetOverweight ➝ Overweight$7.00 ➝ $4.00+74.67%
4/11/2024Scotiabank
5 of 5 stars
 Lower TargetSector Outperform ➝ Sector Outperform$6.00 ➝ $5.00+111.86%
4/3/2024Raymond James
4 of 5 stars
 Lower TargetStrong-Buy ➝ Strong-Buy$6.00 ➝ $5.00+100.80%
1/23/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$8.00 ➝ $6.50+104.40%
9/5/2023Northland Securities
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 Initiated CoverageOutperform$7.50+76.47%
3/6/2023TD Cowen
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 Lower TargetMarket Perform$7.00 ➝ $5.50+11.56%
3/1/2023Lake Street Capital
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 Lower Target$27.00 ➝ $22.00+330.53%
12/13/2022UBS Group
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 Initiated CoverageBuy$12.00+107.25%
10/18/2022Jefferies Financial Group
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 Initiated CoverageBuy$9.00+46.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 08:17 PM ET.

CLNE Forecast - Frequently Asked Questions

What is Clean Energy Fuels' forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Clean Energy Fuels is $5.60, with a high forecast of $7.50 and a low forecast of $4.00.

Should I buy or sell Clean Energy Fuels stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clean Energy Fuels in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CLNE shares.

Does Clean Energy Fuels's stock price have much upside?

According to analysts, Clean Energy Fuels's stock has a predicted upside of 92.18% based on their 12-month stock forecasts.

Do Wall Street analysts like Clean Energy Fuels more than its competitors?

Analysts like Clean Energy Fuels more than other "utilities" companies. The consensus rating for Clean Energy Fuels is Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how CLNE compares to other companies.


This page (NASDAQ:CLNE) was last updated on 7/24/2024 by MarketBeat.com Staff

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