Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives Average Rating of “Buy” from Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has earned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.60.

CLNE has been the topic of several research analyst reports. StockNews.com raised Clean Energy Fuels to a “sell” rating in a research note on Tuesday, April 9th. Raymond James dropped their price objective on Clean Energy Fuels from $6.00 to $5.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 3rd. Scotiabank decreased their price target on shares of Clean Energy Fuels from $6.00 to $5.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. Piper Sandler decreased 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 research report on Thursday, April 18th. Finally, Stifel Nicolaus decreased their price objective on shares of Clean Energy Fuels from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

Hedge Funds Weigh In On Clean Energy Fuels

Several large investors have recently modified their holdings of the stock. Sunbelt Securities Inc. raised its stake in Clean Energy Fuels by 1,052.6% during the third quarter. Sunbelt Securities Inc. now owns 10,950 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 10,000 shares during the period. Assenagon Asset Management S.A. bought a new stake in Clean Energy Fuels during the fourth quarter worth approximately $1,566,000. SG Americas Securities LLC boosted its holdings in Clean Energy Fuels by 288.2% during the fourth quarter. SG Americas Securities LLC now owns 70,715 shares of the utilities provider’s stock worth $271,000 after buying an additional 52,498 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Clean Energy Fuels by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,347,662 shares of the utilities provider’s stock worth $5,162,000 after buying an additional 34,908 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Clean Energy Fuels in the 3rd quarter worth approximately $6,997,000. Institutional investors own 49.94% of the company’s stock.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $2.21 on Tuesday. The stock has a market capitalization of $493.40 million, a PE ratio of -5.02 and a beta of 2.06. Clean Energy Fuels has a 52-week low of $2.17 and a 52-week high of $5.25. The stock’s 50-day moving average price is $2.66 and its 200 day moving average price is $3.21. The company has a quick ratio of 2.59, a current ratio of 2.87 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Tuesday, February 27th. The utilities provider reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Clean Energy Fuels had a negative return on equity of 14.05% and a negative net margin of 23.40%. The company had revenue of $106.86 million for the quarter, compared to analyst estimates of $106.50 million. As a group, equities research analysts forecast that Clean Energy Fuels will post -0.44 EPS for the current year.

About Clean Energy Fuels

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.