Clean Energy Fuels Coverage Initiated at Northland Capital Partners (CLNE)

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Northland Capital Partners started coverage on shares of Clean Energy Fuels (NASDAQ: CLNE) in a research note issued on Tuesday, StockRatingsNetwork reports. The firm set a “market perform” rating and a $13.00 price target on the stock. Northland Capital Partners’ price target would indicate a potential upside of 0.39% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Clean Energy Fuels to a “neutral” rating in a research note to investors on Tuesday, May 14th. They now have a $14.90 price target on the stock. Analysts at Raymond James downgraded shares of Clean Energy Fuels from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday, May 9th. They noted that the move was a valuation call.

Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.43.

Shares of Clean Energy Fuels (NASDAQ: CLNE) traded down 0.89% during mid-day trading on Tuesday, hitting $12.835. Clean Energy Fuels has a one year low of $10.90 and a one year high of $19.69. The stock’s 50-day moving average is currently $13.0. The company’s market cap is $1.136 billion.

Clean Energy Fuels (NASDAQ: CLNE) last released its earnings data on Wednesday, May 8th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.08. The company had revenue of $93.00 million for the quarter, compared to the consensus estimate of $99.14 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 26.4% on a year-over-year basis. Analysts expect that Clean Energy Fuels will post $-0.46 EPS for the current fiscal year.

Clean Energy Fuels Corp. is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada.

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