Clean Energy Fuels (NASDAQ:CLNE) trades up 4.1%

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Free Report ) rose 4.1% on Monday. The stock traded as high as $3.14 and last traded at $3.08. About 93,690 shares changed hands during trading, down 94% from the average daily volume of 1,630,286 shares. Shares previously closed at $2.96.

Analysts set new price targets

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research report on Wednesday, August 14th. Scotiabank upped their target price on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. Clean Energy Fuels currently has an average rating of “Moderate Buy” and an average target price of $5.38, according to MarketBeat.com.

View the latest clean energy fuel stock analysis

Price performance of clean energy fuels

The company has a market cap of $709.98 million, a P/E ratio of -8.77 and a beta of 2.12. The company has a quick ratio of 2.82, a current ratio of 3.17, and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $2.85 and a 200-day simple moving average of $2.67.

Clean Energy Fuels (NASDAQ:CLNE – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $97.95 million for the quarter, compared to analysts’ expectations of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. In the same quarter last year, the company earned ($0.07) EPS. Analysts predict that Clean Energy Fuels Corp. will record -0.34 EPS for the current fiscal year.

Institutional investors weigh clean energy fuels

Hedge funds have recently made changes to their business positions. Charles Schwab Investment Management Inc. increased its stake in Clean Energy Fuels by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,367,278 shares of the utilities provider’s stock valued at $5,237,000 after purchasing an additional 19,616 shares in the last quarter. BNP Paribas Financial Markets raised its position in Clean Energy Fuels by 271.6% in the 4th quarter. BNP Paribas Financial Markets now owns 145,256 shares of the utilities provider’s stock valued at $556,000 after purchasing an additional 106,162 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Clean Energy Fuels by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,314,636 shares of the utilities provider’s stock, valued at $47,167,000, after which bought an additional 702,049 shares during the period. Brown Advisory Inc. grew its position in shares of Clean Energy Fuels by 24.3% during the 4th quarter. Brown Advisory Inc. now owns 49,736 shares of the utilities provider’s stock worth $190,000 after buying an additional 9,736 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Clean Energy Fuels by 5.0% in the fourth quarter. Clearbridge Investments LLC now owns 358,822 shares of the utilities provider’s stock valued at $1,374,000 after acquiring an additional 17,000 shares in the last quarter. Institutional investors own 49.94% of the company’s shares.

About clean energy fuels

(Get a free report)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fuel 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 transport vehicles; and provides operation and maintenance services for public and private vehicle fleet customers’ stations.

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