Brokerages Set Clean Energy Fuels Corp. (NASDAQ:CLNE) PT at $14.35

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.35.

A number of brokerages have weighed in on CLNE. StockNews.com began coverage on Clean Energy Fuels in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Evercore ISI upgraded Clean Energy Fuels to a “buy” rating and set a $11.00 price objective on the stock in a report on Friday, February 25th. Raymond James upgraded Clean Energy Fuels from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 4th. Jonestrading started coverage on Clean Energy Fuels in a research note on Friday. They issued a “buy” rating for the company. Finally, Zacks Investment Research raised Clean Energy Fuels from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, February 1st.

Shares of NASDAQ:CLNE remained flat at $$7.47 during midday trading on Monday. The stock had a trading volume of 2,239,880 shares, compared to its average volume of 3,770,400. Clean Energy Fuels has a 52-week low of $4.70 and a 52-week high of $14.50. The stock has a market cap of $1.66 billion, a P/E ratio of -16.60 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.01 and a current ratio of 3.26. The company has a 50-day simple moving average of $7.24 and a two-hundred day simple moving average of $7.34.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The utilities provider reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $91.90 million for the quarter, compared to analyst estimates of $91.16 million. Clean Energy Fuels had a negative return on equity of 0.26% and a negative net margin of 36.44%. The business’s revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts forecast that Clean Energy Fuels will post -0.01 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Mason & Associates Inc acquired a new stake in shares of Clean Energy Fuels during the 4th quarter worth about $79,000. BlackRock Inc. grew its position in Clean Energy Fuels by 2.7% in the 4th quarter. BlackRock Inc. now owns 14,149,739 shares of the utilities provider’s stock valued at $86,737,000 after acquiring an additional 370,209 shares in the last quarter. Wells Fargo & Company MN grew its position in Clean Energy Fuels by 75.3% in the 4th quarter. Wells Fargo & Company MN now owns 350,389 shares of the utilities provider’s stock valued at $2,149,000 after acquiring an additional 150,495 shares in the last quarter. Yaupon Capital Management LP acquired a new position in Clean Energy Fuels in the 4th quarter valued at about $2,608,000. Finally, Deutsche Bank AG grew its position in Clean Energy Fuels by 1.2% in the 4th quarter. Deutsche Bank AG now owns 572,991 shares of the utilities provider’s stock valued at $3,513,000 after acquiring an additional 6,838 shares in the last quarter. 41.86% of the stock is owned by hedge funds and other institutional investors.

About Clean Energy Fuels (Get Rating)

Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily 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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