Clean Energy Fuels Corp. (CLNE) Shares Down 4%
Clean Energy Fuels Corp. (NASDAQ:CLNE) shares fell 4% on Monday . The company 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 report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.81.
The firm’s market capitalization is $299.33 million. The stock’s 50 day moving average is $3.29 and its 200 day moving average is $3.02.
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 SEC. The institutional investor 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 approximately 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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