Clean Energy Fuels (NASDAQ:CLNE) Shares Cross Above 200-Day Moving Average – Should You Sell?

Clean Energy Fuels Corp. (NASDAQ:CLNE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.42 and traded as high as $2.69. Clean Energy Fuels shares last traded at $2.64, with a volume of 842,160 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Clean Energy Fuels has an average rating of “Moderate Buy” and an average price target of $3.59.

Clean Energy Fuels Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.39 and a current ratio of 2.69. The stock has a market capitalization of $570.18 million, a PE ratio of -2.80 and a beta of 2.20. The company’s fifty day simple moving average is $2.29 and its two-hundred day simple moving average is $2.42.

Hedge Funds Weigh In On Clean Energy Fuels

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in shares of Clean Energy Fuels by 83.4% during the fourth quarter. AQR Capital Management LLC now owns 325,965 shares of the utilities provider’s stock valued at $685,000 after acquiring an additional 148,199 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Clean Energy Fuels by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 131,137 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 9,805 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Clean Energy Fuels by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 179,822 shares of the utilities provider’s stock worth $378,000 after purchasing an additional 10,116 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of Clean Energy Fuels by 2,460.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 410,184 shares of the utilities provider’s stock worth $861,000 after purchasing an additional 394,167 shares during the last quarter. Finally, Graham Capital Management L.P. grew its holdings in shares of Clean Energy Fuels by 64.4% during the fourth quarter. Graham Capital Management L.P. now owns 75,732 shares of the utilities provider’s stock worth $159,000 after buying an additional 29,664 shares in the last quarter. 49.94% of the stock is owned by institutional investors and hedge funds.

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.