Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $3.59 Consensus PT from Analysts

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $3.59.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Clean Energy Fuels in a research report on Wednesday, October 8th.

Clean Energy Fuels Trading Down 0.5%

Shares of CLNE opened at $2.15 on Monday. Clean Energy Fuels has a 52-week low of $1.30 and a 52-week high of $3.67. The stock has a market cap of $471.50 million, a PE ratio of -2.31 and a beta of 2.13. The firm’s fifty day moving average is $2.27 and its two-hundred day moving average is $2.36. The company has a quick ratio of 2.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.48.

Institutional Trading of Clean Energy Fuels

A number of hedge funds and other institutional investors have recently modified their holdings of CLNE. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of Clean Energy Fuels by 2.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,851,464 shares of the utilities provider’s stock valued at $30,577,000 after acquiring an additional 237,816 shares during the last quarter. Vanguard Group Inc. raised its stake in Clean Energy Fuels by 3.1% during the third quarter. Vanguard Group Inc. now owns 11,402,549 shares of the utilities provider’s stock worth $29,419,000 after purchasing an additional 341,333 shares during the period. Geode Capital Management LLC boosted its holdings in Clean Energy Fuels by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,333,554 shares of the utilities provider’s stock valued at $8,452,000 after purchasing an additional 87,716 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Clean Energy Fuels by 765.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,457,876 shares of the utilities provider’s stock valued at $6,341,000 after purchasing an additional 2,173,771 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of Clean Energy Fuels by 36.9% in the 1st quarter. Voya Investment Management LLC now owns 1,272,888 shares of the utilities provider’s stock valued at $1,973,000 after buying an additional 342,982 shares during the period. 49.94% of the stock is owned by institutional investors and hedge funds.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp., founded in 1997 and headquartered in Newport Beach, California, is a leading provider of natural gas and renewable natural gas (RNG) fuel for the transportation sector. The company operates a network of more than 500 fueling stations across the United States and Canada, supplying compressed natural gas (CNG), liquefied natural gas (LNG) and RNG derived from organic waste streams. Clean Energy serves a diverse customer base that includes commercial trucking fleets, public transit agencies, refuse haulers and municipal vehicle operators.

In addition to fuel supply, Clean Energy offers turnkey station design, construction and ongoing maintenance services, as well as fueling hardware and project management.