Clean Energy Fuels Corp. (CLNE) Trading Down 3.9%
Clean Energy Fuels Corp. (NASDAQ:CLNE) shares fell 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 “buy” rating and set a $3.75 target price for the company in a research report on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $5.85.
The stock’s 50-day moving average is $3.44 and its 200-day moving average is $3.04. The company’s market capitalization is $364.67 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.23. The company earned $95.80 million during the quarter, compared to analyst estimates of $89.80 million. During the same quarter in the prior year, the business earned ($0.32) earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Clean Energy Fuels Corp. will post ($0.33) EPS for the current fiscal 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 Clean Energy Fuels Corp. (NASDAQ:CLNE) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 quarter.
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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