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

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $3.59.

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

Clean Energy Fuels Price Performance

Shares of CLNE opened at $2.55 on Tuesday. The company has a 50 day moving average of $2.31 and a two-hundred day moving average of $2.44. The company has a quick ratio of 2.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. Clean Energy Fuels has a twelve month low of $1.30 and a twelve month high of $3.11. The company has a market cap of $559.22 million, a price-to-earnings ratio of -2.74 and a beta of 2.20.

Hedge Funds Weigh In On Clean Energy Fuels

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in Clean Energy Fuels by 40.3% in the 4th quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 4,791 shares in the last quarter. Connors Investor Services Inc. lifted its stake in shares of Clean Energy Fuels by 7.7% during the fourth quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider’s stock worth $147,000 after buying an additional 5,000 shares during the period. Mariner LLC grew its holdings in shares of Clean Energy Fuels by 43.9% during the fourth quarter. Mariner LLC now owns 16,641 shares of the utilities provider’s stock valued at $35,000 after buying an additional 5,075 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Clean Energy Fuels by 54.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 5,254 shares during the period. Finally, Rhumbline Advisers raised its stake in Clean Energy Fuels by 2.2% in the 2nd quarter. Rhumbline Advisers now owns 270,664 shares of the utilities provider’s stock worth $528,000 after acquiring an additional 5,933 shares during the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

Clean Energy Fuels Company Profile

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.