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

Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) have received a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $3.4875.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Clean Energy Fuels in a research note on Wednesday, January 21st.

Clean Energy Fuels Trading Down 1.7%

CLNE opened at $2.35 on Tuesday. The company has a fifty day moving average price of $2.32 and a two-hundred day moving average price of $2.44. Clean Energy Fuels has a 1-year low of $1.30 and a 1-year high of $3.11. The company has a market cap of $515.66 million, a P/E ratio of -2.35 and a beta of 2.20. The company has a current ratio of 2.32, a quick ratio of 2.39 and a debt-to-equity ratio of 0.41.

Institutional Trading of Clean Energy Fuels

Hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC raised its holdings in Clean Energy Fuels by 1,419,900.0% during the second quarter. NewEdge Advisors LLC now owns 14,200 shares of the utilities provider’s stock worth $28,000 after buying an additional 14,199 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Clean Energy Fuels by 140.2% in the 2nd 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 last quarter. BNP Paribas Financial Markets raised its holdings in shares of Clean Energy Fuels by 54.8% in the 2nd 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 last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Clean Energy Fuels in the 3rd quarter valued at about $31,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Clean Energy Fuels during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 49.94% of the company’s stock.

About Clean Energy Fuels

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.