Clean Energy Fuels Corp. (NASDAQ:CLNE) has been given an average rating of “Buy” by the six brokerages that are presently covering the company. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.42.
A number of equities analysts have commented on CLNE shares. Zacks Investment Research lowered shares of Clean Energy Fuels Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 6th. Dundee Securities restated a “buy” rating and issued a $5.80 target price on shares of Clean Energy Fuels Corp. in a research note on Wednesday, August 10th. Finally, Rodman & Renshaw restated a “buy” rating and issued a $6.30 target price (up previously from $5.00) on shares of Clean Energy Fuels Corp. in a research note on Friday, September 23rd.
In related news, Director Boone Pickens sold 1,500,000 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $4.56, for a total transaction of $6,840,000.00. Following the completion of the sale, the director now owns 17,205,650 shares of the company’s stock, valued at approximately $78,457,764. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen Scully acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 15th. The shares were acquired at an average cost of $3.60 per share, with a total value of $36,000.00. The disclosure for this purchase can be found here. Corporate insiders own 26.69% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Clean Energy Fuels Corp. by 19.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 264,565 shares of the company’s stock worth $919,000 after buying an additional 43,012 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Clean Energy Fuels Corp. during the second quarter worth $880,000. Highbridge Capital Management LLC acquired a new stake in shares of Clean Energy Fuels Corp. during the second quarter worth $410,000. AQR Capital Management LLC acquired a new stake in shares of Clean Energy Fuels Corp. during the second quarter worth $187,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Clean Energy Fuels Corp. by 85.7% in the second quarter. Panagora Asset Management Inc. now owns 84,602 shares of the company’s stock worth $294,000 after buying an additional 39,047 shares in the last quarter. 25.85% of the stock is owned by institutional investors and hedge funds.
Clean Energy Fuels Corp. (NASDAQ:CLNE) opened at 4.47 on Monday. The company has a 50-day moving average price of $4.33 and a 200-day moving average price of $3.45. Clean Energy Fuels Corp. has a 12-month low of $2.15 and a 12-month high of $6.44. The firm’s market cap is $586.41 million.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.17. Clean Energy Fuels Corp. had a negative net margin of 16.56% and a negative return on equity of 3.84%. The firm had revenue of $108 million for the quarter, compared to analyst estimates of $94.33 million. During the same quarter in the previous year, the business posted ($0.29) EPS. The firm’s revenue was up 24.4% compared to the same quarter last year. On average, equities analysts predict that Clean Energy Fuels Corp. will post ($0.17) earnings per share for the current year.
Clean Energy Fuels Corp. Company Profile
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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