Clean Energy Fuels (NASDAQ:CLNE) Trading 5.2% Higher

Clean Energy Fuels Corp. (NASDAQ:CLNE) traded up 5.2% during trading on Thursday . The stock traded as high as $2.65 and last traded at $2.64. 622,109 shares were traded during trading, a decline of 62% from the average session volume of 1,639,905 shares. The stock had previously closed at $2.51.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James cut their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 3rd. Scotiabank dropped their target price on 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. Piper Sandler dropped their target price 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. Finally, StockNews.com upgraded Clean Energy Fuels to a “sell” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.60.

Clean Energy Fuels Stock Up 3.4 %

The company has a quick ratio of 2.80, a current ratio of 3.14 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $2.91. The stock has a market cap of $613.97 million, a P/E ratio of -7.86 and a beta of 2.13.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. 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 $103.71 million during the quarter, compared to the consensus estimate of $106.63 million. On average, equities analysts forecast that Clean Energy Fuels Corp. will post -0.44 EPS for the current year.

Institutional Trading of Clean Energy Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank increased its stake in shares of Clean Energy Fuels by 1.0% during the third quarter. Swiss National Bank now owns 392,058 shares of the utilities provider’s stock valued at $1,502,000 after buying an additional 3,800 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Clean Energy Fuels by 19.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,680 shares of the utilities provider’s stock valued at $114,000 after buying an additional 4,930 shares during the period. Clearbridge Investments LLC increased its stake in shares of Clean Energy Fuels by 1.7% during the third quarter. Clearbridge Investments LLC now owns 341,822 shares of the utilities provider’s stock valued at $1,309,000 after buying an additional 5,800 shares during the period. Brown Advisory Inc. increased its stake in shares of Clean Energy Fuels by 24.3% during the fourth quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider’s stock valued at $190,000 after buying an additional 9,736 shares during the period. Finally, Prio Wealth Limited Partnership purchased a new position in shares of Clean Energy Fuels during the fourth quarter valued at approximately $38,000. 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.