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

Clean Energy Fuels Corp. (NASDAQ:CLNEGet Rating) has received an average recommendation of “Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $13.50.

Several equities analysts have issued reports on CLNE shares. Raymond James raised shares of Clean Energy Fuels from a “market perform” rating to an “outperform” rating and set a $6.00 price objective on the stock in a report on Tuesday, May 10th. StockNews.com assumed coverage on shares of Clean Energy Fuels in a research report on Thursday, March 31st. They set a “sell” rating for the company. Evercore ISI upgraded shares of Clean Energy Fuels to a “buy” rating and set a $11.00 price objective for the company in a report on Friday, February 25th. Jonestrading started coverage on shares of Clean Energy Fuels in a report on Friday, April 8th. They set a “buy” rating for the company. Finally, Credit Suisse Group reduced their price objective on shares of Clean Energy Fuels to $12.50 and set an “outperform” rating for the company in a research report on Tuesday, May 17th.

In other news, CEO Andrew J. Littlefair acquired 25,000 shares of the stock in a transaction on Thursday, May 12th. The stock was bought at an average price of $4.09 per share, with a total value of $102,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,551,374 shares of the company’s stock, valued at $6,345,119.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in Clean Energy Fuels by 315.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 2,840 shares in the last quarter. Triumph Capital Management purchased a new position in Clean Energy Fuels during the 3rd quarter valued at about $38,000. HighMark Wealth Management LLC purchased a new position in Clean Energy Fuels during the 4th quarter valued at about $61,000. Arbor Capital Management Inc. ADV purchased a new position in Clean Energy Fuels during the 4th quarter valued at about $64,000. Finally, Mason & Associates Inc purchased a new position in Clean Energy Fuels during the 4th quarter valued at about $79,000. Institutional investors and hedge funds own 42.21% of the company’s stock.

NASDAQ CLNE opened at $4.83 on Friday. The company has a fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $6.39. The stock has a market cap of $1.08 billion, a P/E ratio of -9.29 and a beta of 1.90. Clean Energy Fuels has a 12-month low of $4.02 and a 12-month high of $12.65. The company has a current ratio of 3.59, a quick ratio of 3.31 and a debt-to-equity ratio of 0.04.

Clean Energy Fuels (NASDAQ:CLNEGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $83.50 million during the quarter, compared to analysts’ expectations of $89.61 million. Clean Energy Fuels had a negative return on equity of 2.84% and a negative net margin of 42.05%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. As a group, sell-side analysts forecast that Clean Energy Fuels will post -0.23 earnings per share for the current year.

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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