Clean Energy Fuels Corp. (CLNE) Sees Strong Trading Volume
Clean Energy Fuels Corp. (NASDAQ:CLNE) saw unusually-high trading volume on Monday . Approximately 1,033,428 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 1,269,411 shares.The stock last traded at $3.36 and had previously closed at $3.46.
Separately, Zacks Investment Research raised shares of Clean Energy Fuels Corp. from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research report on Friday, July 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Clean Energy Fuels Corp. currently has a consensus rating of “Hold” and an average target price of $5.85.
The company’s market cap is $357.30 million. The company has a 50-day moving average price of $3.45 and a 200 day moving average price of $3.03.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its earnings results on Thursday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) EPS. On average, equities research analysts anticipate that Clean Energy Fuels Corp. will post ($0.33) EPS for the current year.
A hedge fund recently raised its stake in Clean Energy Fuels Corp. stock. State of New Jersey Common Pension Fund D increased its stake 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 as of its most recent SEC filing.
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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