Clean Energy Fuels (NASDAQ:CLNE) Stock Price Up 4.1%

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) traded up 4.1% on Friday . The stock traded as high as $4.56 and last traded at $4.52. 1,161,980 shares changed hands during trading, a decline of 49% from the average session volume of 2,258,348 shares. The stock had previously closed at $4.34.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com cut Clean Energy Fuels from a “hold” rating to a “sell” rating in a research note on Wednesday, March 1st. UBS Group assumed coverage on Clean Energy Fuels in a research note on Tuesday, December 13th. They set a “buy” rating and a $12.00 target price for the company. Piper Sandler assumed coverage on Clean Energy Fuels in a research note on Monday, February 27th. They set an “overweight” rating and a $8.00 target price for the company. Lake Street Capital decreased their target price on Clean Energy Fuels from $27.00 to $22.00 in a research note on Wednesday, March 1st. Finally, TD Cowen decreased their target price on Clean Energy Fuels from $7.00 to $5.50 and set a “market perform” rating for the company in a research note on Monday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Clean Energy Fuels Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.18 and a quick ratio of 2.93. The stock has a 50 day simple moving average of $5.46 and a two-hundred day simple moving average of $5.92. The company has a market cap of $964.42 million, a PE ratio of -16.04 and a beta of 2.19.

Insider Buying and Selling at Clean Energy Fuels

In other Clean Energy Fuels news, SVP Barclay Corbus sold 5,643 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $5.69, for a total value of $32,108.67. Following the completion of the sale, the senior vice president now owns 624,458 shares in the company, valued at $3,553,166.02. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, COO Mitchell W. Pratt sold 8,140 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $5.57, for a total transaction of $45,339.80. Following the completion of the sale, the chief operating officer now owns 854,313 shares in the company, valued at $4,758,523.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Barclay Corbus sold 5,643 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $5.69, for a total value of $32,108.67. Following the sale, the senior vice president now owns 624,458 shares of the company’s stock, valued at approximately $3,553,166.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,069 shares of company stock worth $139,409. 3.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Energy Fuels

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC acquired a new position in Clean Energy Fuels during the second quarter worth $45,000. Mackenzie Financial Corp acquired a new position in Clean Energy Fuels during the second quarter worth $48,000. Cambridge Trust Co. grew its holdings in Clean Energy Fuels by 33.3% during the third quarter. Cambridge Trust Co. now owns 10,000 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 2,500 shares during the period. Gill Capital Partners LLC acquired a new position in Clean Energy Fuels during the fourth quarter worth $62,000. Finally, Arete Wealth Advisors LLC acquired a new position in Clean Energy Fuels during the third quarter worth $64,000. Hedge funds and other institutional investors own 46.43% of the company’s stock.

About Clean Energy Fuels

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Clean Energy Fuels Corp. engages in the provision of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It also builds and operates compressed natural gas (CNG) and liquefied natural gas (LNG) vehicle fueling stations, manufactures CNG and LNG equipment and technologies, and delivers CNG and LNG vehicle fuel.