Analysts Set Clean Energy Fuels Corp. (NASDAQ:CLNE) PT at $5.60

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have been given an average rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.60.

CLNE has been the topic of a number of research reports. Scotiabank dropped their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th. StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research report on Tuesday, April 9th. Stifel Nicolaus reduced their price target on Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd. Raymond James reduced their price target on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 3rd. Finally, Piper Sandler reduced their price target on Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th.

Institutional Trading of Clean Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of CLNE. Arkadios Wealth Advisors bought a new stake in shares of Clean Energy Fuels in the 3rd quarter worth $38,000. Xponance Inc. bought a new stake in shares of Clean Energy Fuels in the 3rd quarter worth $39,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Clean Energy Fuels by 31.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,307 shares of the utilities provider’s stock worth $208,000 after buying an additional 13,012 shares in the last quarter. Cambridge Trust Co. raised its stake in shares of Clean Energy Fuels by 111.0% in the 3rd quarter. Cambridge Trust Co. now owns 21,100 shares of the utilities provider’s stock worth $81,000 after buying an additional 11,100 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Clean Energy Fuels by 39.2% in the 3rd quarter. Principal Financial Group Inc. now owns 25,084 shares of the utilities provider’s stock worth $96,000 after buying an additional 7,065 shares in the last quarter. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Down 1.7 %

Shares of Clean Energy Fuels stock opened at $2.25 on Tuesday. The company has a current ratio of 2.87, a quick ratio of 2.59 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $2.62 and its 200-day simple moving average is $3.19. The stock has a market capitalization of $502.34 million, a price-to-earnings ratio of -5.11 and a beta of 2.06. Clean Energy Fuels has a twelve month low of $2.17 and a twelve month high of $5.25.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly 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 business had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $106.50 million. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. Equities research analysts forecast that Clean Energy Fuels will post -0.44 earnings per share for the current year.

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.