Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $3.59 Average Price Target from Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $3.59.

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

Clean Energy Fuels Stock Performance

CLNE stock opened at $2.52 on Friday. The company has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $2.39. The company has a market capitalization of $552.64 million, a P/E ratio of -2.71 and a beta of 2.20. 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 fifty-two week low of $1.30 and a fifty-two week high of $3.62.

Institutional Trading of Clean Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of CLNE. Wealth Enhancement Advisory Services LLC acquired a new position in Clean Energy Fuels during the third quarter worth about $31,000. NewEdge Advisors LLC boosted its position 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 purchasing an additional 14,199 shares in the last quarter. BNP Paribas Financial Markets grew its stake 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 worth $29,000 after purchasing an additional 5,254 shares during the last quarter. PNC Financial Services Group Inc. raised 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 in the last quarter. Finally, CWM LLC lifted its stake in Clean Energy Fuels by 40.3% during the fourth quarter. CWM LLC now owns 16,683 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 4,791 shares during the last quarter. 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.