Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $6.70 Consensus Price Target from Brokerages

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNEGet Free Report) have received an average rating of “Buy” from the four brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.80.

Several analysts have recently commented on CLNE shares. Scotiabank decreased their target price on Clean Energy Fuels from $7.00 to $6.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Stifel Nicolaus decreased their target price 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. Finally, StockNews.com raised Clean Energy Fuels to a “sell” rating in a research report on Wednesday, February 28th.

Read Our Latest Stock Report on Clean Energy Fuels

Institutional Trading of Clean Energy Fuels

A number of institutional investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in Clean Energy Fuels during the fourth quarter valued at $108,000. Legal & General Group Plc boosted its position in Clean Energy Fuels by 3.2% during the fourth quarter. Legal & General Group Plc now owns 153,933 shares of the utilities provider’s stock valued at $590,000 after purchasing an additional 4,804 shares during the last quarter. Barclays PLC boosted its position in Clean Energy Fuels by 62.6% during the fourth quarter. Barclays PLC now owns 535,107 shares of the utilities provider’s stock valued at $2,049,000 after purchasing an additional 206,100 shares during the last quarter. Vanguard Group Inc. boosted its position in Clean Energy Fuels by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 10,001,030 shares of the utilities provider’s stock valued at $38,304,000 after purchasing an additional 357,860 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in Clean Energy Fuels by 46.3% during the fourth quarter. Voya Investment Management LLC now owns 1,600,865 shares of the utilities provider’s stock valued at $6,131,000 after purchasing an additional 506,875 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

Clean Energy Fuels Stock Performance

Shares of NASDAQ CLNE opened at $2.69 on Monday. The company has a quick ratio of 2.42, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $600.52 million, a price-to-earnings ratio of -6.11 and a beta of 2.09. The stock’s fifty day simple moving average is $3.13 and its 200 day simple moving average is $3.58. Clean Energy Fuels has a 52-week low of $2.65 and a 52-week high of $5.25.

About Clean Energy Fuels

(Get Free Report

Clean Energy Fuels Corp. provides natural gas as an alternative fuel 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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