Clean Energy Fuels (NASDAQ:CLNE) Shares Up 4%

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) traded up 4% during trading on Monday . The company traded as high as $3.15 and last traded at $3.15. 144,536 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,632,956 shares. The stock had previously closed at $3.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised Clean Energy Fuels to a “sell” rating in a research report on Wednesday, August 14th. Scotiabank increased their price target on Clean Energy Fuels from $5.00 to $6.00 and gave the company a “sector outperform” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

Clean Energy Fuels Stock Up 2.3 %

The business’s 50 day moving average is $2.89 and its 200 day moving average is $2.67. The stock has a market cap of $692.12 million, a price-to-earnings ratio of -8.83 and a beta of 2.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.82 and a current ratio of 3.17.

Clean Energy Fuels (NASDAQ:CLNE) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $97.95 million during the quarter, compared to analyst estimates of $106.45 million. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. Equities analysts expect that Clean Energy Fuels Corp. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CLNE. Tidal Investments LLC bought a new position in Clean Energy Fuels in the 1st quarter worth approximately $33,000. Grassi Investment Management acquired a new position in shares of Clean Energy Fuels in the 1st quarter worth approximately $36,000. DRW Securities LLC bought a new position in Clean Energy Fuels in the 2nd quarter valued at $38,000. Algert Global LLC acquired a new position in Clean Energy Fuels in the second quarter worth $45,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Clean Energy Fuels in the first quarter valued at $52,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

About Clean Energy Fuels

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.