Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Average Recommendation of “Buy” by Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Free Report) has received an average recommendation of “Buy” from the five analysts that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.60.

A number of research analysts have weighed in on the company. StockNews.com raised Clean Energy Fuels to a “sell” rating in a report on Monday, May 13th. Scotiabank decreased their target price on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Piper Sandler cut their price target on shares of Clean Energy Fuels from $7.00 to $4.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Raymond James decreased their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 3rd.

Get Our Latest Report on CLNE

Clean Energy Fuels Stock Up 6.0 %

Shares of NASDAQ:CLNE opened at $2.63 on Friday. The business’s 50 day moving average is $2.46 and its 200 day moving average is $3.02. Clean Energy Fuels has a 12-month low of $2.17 and a 12-month high of $5.25. The stock has a market cap of $587.17 million, a price-to-earnings ratio of -7.51 and a beta of 2.08. The company has a quick ratio of 2.80, a current ratio of 3.14 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNEGet Free Report) last released its earnings results on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 11.09% and a negative net margin of 19.98%. The company had revenue of $106.86 million during the quarter, compared to analyst estimates of $106.50 million. On average, sell-side analysts forecast that Clean Energy Fuels will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CLNE. Tidal Investments LLC purchased a new stake in shares of Clean Energy Fuels in the 1st quarter worth approximately $33,000. Grassi Investment Management bought a new stake in Clean Energy Fuels during the first quarter valued at approximately $36,000. Prio Wealth Limited Partnership purchased a new stake in shares of Clean Energy Fuels in the fourth quarter worth $38,000. Sunbelt Securities Inc. raised its stake in Clean Energy Fuels by 1,052.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 10,000 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Clean Energy Fuels during the first quarter valued at approximately $52,000. 49.94% of the stock is currently owned by institutional investors.

Clean Energy Fuels Company Profile

(Get Free Report

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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Analyst Recommendations for Clean Energy Fuels (NASDAQ:CLNE)

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