Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Consensus Rating of "Buy" by Analysts

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) have been given an average rating of "Buy" by the five ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.75.

• Clean Energy Fuels Stock is Waking Up

CLNE has been the subject of a number of recent research reports. Scotiabank dropped their target price on Clean Energy Fuels from $6.00 to $4.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Lake Street Capital dropped their target price on Clean Energy Fuels from $22.00 to $5.00 and set a "buy" rating for the company in a report on Friday, May 9th. Jefferies Financial Group cut Clean Energy Fuels from a "buy" rating to a "hold" rating in a report on Friday. Finally, UBS Group set a $2.00 target price on Clean Energy Fuels and gave the stock a "buy" rating in a report on Sunday, April 13th.

View Our Latest Report on CLNE

Clean Energy Fuels Price Performance

Shares of NASDAQ:CLNE traded up $0.36 during trading on Friday, hitting $2.40. 4,460,592 shares of the company's stock were exchanged, compared to its average volume of 2,687,700. The company has a market cap of $529.25 million, a price-to-earnings ratio of -2.71 and a beta of 2.65. The business's 50-day simple moving average is $2.00 and its 200 day simple moving average is $2.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.82 and a quick ratio of 2.50. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.06. The business had revenue of $102.61 million during the quarter, compared to analysts' expectations of $94.73 million. Clean Energy Fuels had a negative return on equity of 26.37% and a negative net margin of 47.99%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. As a group, equities analysts predict that Clean Energy Fuels will post -0.33 EPS for the current year.

Institutional Investors Weigh In On Clean Energy Fuels

A number of institutional investors and hedge funds have recently modified their holdings of the business. GTS Securities LLC lifted its stake in shares of Clean Energy Fuels by 16.8% during the 4th quarter. GTS Securities LLC now owns 27,446 shares of the utilities provider's stock worth $69,000 after acquiring an additional 3,955 shares during the last quarter. Invesco Ltd. raised its position in Clean Energy Fuels by 1.2% during the 4th quarter. Invesco Ltd. now owns 349,650 shares of the utilities provider's stock valued at $878,000 after purchasing an additional 4,108 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Clean Energy Fuels by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,684 shares of the utilities provider's stock valued at $245,000 after purchasing an additional 4,215 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 4,894 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in Clean Energy Fuels by 4.6% during the 4th quarter. Rafferty Asset Management LLC now owns 156,428 shares of the utilities provider's stock valued at $393,000 after purchasing an additional 6,863 shares in the last quarter. 49.94% of the stock is owned by institutional investors.

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.

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