Clean Energy Fuels (NASDAQ:CLNE) Trading 4.9% Higher – What’s Next?

Clean Energy Fuels Corp. (NASDAQ:CLNE) rose 4.9% during trading on Friday . The company traded as high as $2.44 and last traded at $2.4640. Approximately 243,551 shares were traded during trading, a decline of 81% from the average daily volume of 1,258,501 shares. The stock had previously closed at $2.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.49.

Clean Energy Fuels Stock Performance

The company has a quick ratio of 2.03, a current ratio of 2.32 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average price of $2.36 and a 200 day moving average price of $2.41. The stock has a market cap of $568.32 million, a PE ratio of -2.59 and a beta of 2.15.

Institutional Trading of Clean Energy Fuels

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its stake in shares of Clean Energy Fuels by 24.3% in the second quarter. XTX Topco Ltd now owns 482,865 shares of the utilities provider’s stock worth $942,000 after buying an additional 94,280 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Clean Energy Fuels by 2.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,851,464 shares of the utilities provider’s stock valued at $30,577,000 after buying an additional 237,816 shares during the last quarter. Connors Investor Services Inc. boosted its position in Clean Energy Fuels by 7.7% during the 4th quarter. Connors Investor Services Inc. now owns 70,000 shares of the utilities provider’s stock valued at $147,000 after buying an additional 5,000 shares during the period. Cornerstone Investment Partners LLC purchased a new stake in Clean Energy Fuels during the 4th quarter valued at $166,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Clean Energy Fuels in the 4th quarter worth $247,000. Institutional investors own 49.94% of the company’s stock.

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.