Clean Energy Fuels Corp. (CLNE) Stock Price Down 3.9%
Clean Energy Fuels Corp. (NASDAQ:CLNE) was down 3.9% during trading on Friday . The stock traded as low as $3.40 and last traded at $3.41, with a volume of 1,124,164 shares traded. The stock had previously closed at $3.55.
Separately, Zacks Investment Research upgraded shares of Clean Energy Fuels Corp. from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective on the stock in a research report on Monday, May 23rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Clean Energy Fuels Corp. currently has a consensus rating of “Buy” and an average target price of $5.85.
The stock’s 50-day moving average price is $3.43 and its 200-day moving average price is $3.04. The stock’s market cap is $364.67 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.23. The business had revenue of $95.80 million for the quarter, compared to analyst estimates of $89.80 million. During the same period last year, the business posted ($0.32) earnings per share. Clean Energy Fuels Corp.’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Clean Energy Fuels Corp. will post ($0.33) earnings per share for the current year.
An institutional investor recently raised its position in Clean Energy Fuels Corp. stock. State of New Jersey Common Pension Fund D raised its position in shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,800,000 shares of the company’s stock after buying an additional 400,000 shares during the period. State of New Jersey Common Pension Fund D owned 3.09% of Clean Energy Fuels Corp. worth $10,080,000 at the end of the most recent reporting period.
Clean Energy Fuels Corp. (Clean Energy) is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada. The Company is engaged in supplying compressed natural gas (CNG), liquefied natural gas (LNG) and renewable natural gas (RNG) for light, medium and heavy-duty vehicles, and providing operation, repair and maintenance (O&M) services for vehicle fleet customer stations.
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