Clean Energy Fuels Corp. (NASDAQ:CLNE) Receives $3.59 Average Price Target from Analysts

Clean Energy Fuels Corp. (NASDAQ:CLNE) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.59.

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

Clean Energy Fuels Stock Performance

Shares of Clean Energy Fuels stock opened at $2.26 on Thursday. The firm has a market capitalization of $495.62 million, a P/E ratio of -2.43 and a beta of 2.28. The company has a 50 day moving average price of $2.49 and a 200 day moving average price of $2.32. The company has a quick ratio of 2.39, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. Clean Energy Fuels has a 52 week low of $1.30 and a 52 week high of $3.67.

Insider Buying and Selling at Clean Energy Fuels

In other news, SVP Barclay Corbus sold 105,300 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $2.63, for a total value of $276,939.00. Following the transaction, the senior vice president owned 1,061,248 shares of the company’s stock, valued at approximately $2,791,082.24. The trade was a 9.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Clean Energy Fuels

Hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new position in Clean Energy Fuels in the 3rd quarter valued at $31,000. NewEdge Advisors LLC boosted its holdings in shares of Clean Energy Fuels by 1,419,900.0% in the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 14,199 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Clean Energy Fuels by 54.8% during the second quarter. BNP Paribas Financial Markets now owns 14,844 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 5,254 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Clean Energy Fuels by 140.2% during the second quarter. PNC Financial Services Group Inc. now owns 14,971 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 8,738 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in Clean Energy Fuels during the third quarter worth about $48,000. 49.94% of the stock is owned by institutional investors and hedge funds.

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.