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

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

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, October 8th.

Institutional Trading of Clean Energy Fuels

Several institutional investors have recently bought and sold shares of CLNE. NewEdge Advisors LLC raised its stake in Clean Energy Fuels by 1,419,900.0% during the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 14,199 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Clean Energy Fuels by 140.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 8,738 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Clean Energy Fuels by 54.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 5,254 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Clean Energy Fuels during the 3rd quarter valued at about $31,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Clean Energy Fuels in the second quarter valued at about $37,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

Clean Energy Fuels Trading Down 2.3%

Shares of CLNE stock opened at $2.13 on Monday. The firm has a fifty day moving average of $2.24 and a 200-day moving average of $2.36. The stock has a market cap of $467.11 million, a price-to-earnings ratio of -2.29 and a beta of 2.13. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.39 and a current ratio of 2.69.

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.