Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.50.
CLNE has been the subject of a number of research analyst reports. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James cut Clean Energy Fuels from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. TheStreet upgraded Clean Energy Fuels from a “d” rating to a “c-” rating in a report on Wednesday, August 17th. Scotiabank initiated coverage on Clean Energy Fuels in a report on Thursday, September 8th. They set a “sector outperform” rating and a $13.00 price target for the company. Finally, Jefferies Financial Group initiated coverage on Clean Energy Fuels in a report on Tuesday, October 18th. They set a “buy” rating and a $9.00 price target for the company.
Institutional Investors Weigh In On Clean Energy Fuels
A number of institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Clean Energy Fuels by 315.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the utilities provider’s stock valued at $30,000 after buying an additional 2,840 shares in the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Clean Energy Fuels in the second quarter valued at approximately $45,000. Mackenzie Financial Corp acquired a new stake in shares of Clean Energy Fuels in the second quarter valued at approximately $48,000. Cambridge Trust Co. raised its position in shares of Clean Energy Fuels by 33.3% in the third quarter. Cambridge Trust Co. now owns 10,000 shares of the utilities provider’s stock valued at $53,000 after buying an additional 2,500 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Clean Energy Fuels in the third quarter valued at approximately $64,000. Institutional investors own 45.33% of the company’s stock.
Clean Energy Fuels Trading Down 6.0 %
About Clean Energy Fuels
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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