Clean Energy Fuels Corp. (CLNE) Stock Price Down 4%
Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) dropped 4% during trading on Monday . The stock traded as low as $2.87 and last traded at $2.87, with a volume of 1,070,003 shares changing hands. The stock had previously closed at $2.99.
Separately, Zacks Investment Research cut shares of Clean Energy Fuels Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.81.
The stock’s market capitalization is $302.49 million. The stock’s 50 day moving average is $3.31 and its 200 day moving average is $3.02.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.23. The firm had revenue of $95.80 million for the quarter, compared to analyst estimates of $89.80 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. On average, analysts forecast that Clean Energy Fuels Corp. will post ($0.33) EPS for the current fiscal year.
A hedge fund recently raised its stake 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 disclosure with the 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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