Clean Energy Fuels Corp. (NASDAQ:CLNE) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.59.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Wednesday, January 21st.

Clean Energy Fuels Trading Up 0.9%

NASDAQ:CLNE opened at $2.25 on Friday. The business’s 50-day moving average is $2.21 and its two-hundred day moving average is $2.38. The firm has a market capitalization of $493.43 million, a PE ratio of -2.42 and a beta of 2.13. Clean Energy Fuels has a 12 month low of $1.30 and a 12 month high of $3.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 2.39.

Institutional Trading of Clean Energy Fuels

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Clean Energy Fuels during the 3rd quarter valued at approximately $31,000. NewEdge Advisors LLC boosted its stake in shares of Clean Energy Fuels by 1,419,900.0% during the 2nd quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after buying an additional 14,199 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after buying an additional 5,254 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Clean Energy Fuels by 140.2% in the second quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock worth $29,000 after buying an additional 8,738 shares during the last quarter. Finally, CWM LLC raised its holdings in Clean Energy Fuels by 40.3% in the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 4,791 shares in the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

About Clean Energy Fuels

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.