Clean Energy Fuels Corp. (CLNE) Sees Strong Trading Volume
Shares of 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 lowered shares of Clean Energy Fuels Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.85.
The company’s 50 day moving average is $3.44 and its 200 day moving average is $3.03. The stock’s market cap is $328.84 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its earnings results on Thursday, May 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.23. The firm earned $95.80 million during the quarter, compared to the consensus estimate of $89.80 million. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.32) EPS. Equities research analysts forecast 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 increased its stake in 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. 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 about 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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